So, let us take a look at our last forecast and review what has happened over the past eight weeks. 1 You can find a detailed description of the decision-making-process on the Bank’s website. I would like to thank Patrick Sabourin for his help in preparing this speech.
Not for publication before September 5, 2019 11:45 Eastern Time  -2-  The July forecast Our July forecast painted a mixed picture. The outlook for the global economy was clearly weakening. At the same time, Canada’s economic rebound from a soft patch around the end of last year was stronger than we had expected.