It’s a Vision that we can all embrace. Nothing much is gained from being short term. Visions are realised with courage and by looking far beyond the horizon. Thirdly, this expansion reflects BSP’s continuing confidence in the economic fortunes of this country. We are faced with many challenges at this time. Of course, we must do all we can to overcome them.
After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year. Over the projection horizon, domestic demand continues to be the main driver of growth in Canada.