On the downside, global private demand around the world, including in the United States, may be insufficient to sustain the recovery.   In Canada, there are important two-sided risks to the outlook for private demand. On the upside, private demand might have greater momentum than expected, reflecting  BIS Review 100/2010  1  strong confidence and easy credit conditions.
On the downside, it is possible that households reduce expenditures more than currently anticipated or that the recovery in business investment is further delayed.   Since April 2010, with improvements in the economy, the Bank has ended its extraordinary conduct of monetary policy.