In recent Bank of Canada surveys, consumers report some  T. Lane, “Money and Payments in the Digital Age” (speech to the CFA Montréal FinTech RDV 2020, Montréal, Quebec, February 25, 2020). 8 C. Boar, H. Holden and A. Wadsworth, “Impending Arrival—A Sequel to the Survey on Central Bank Digital Currency,” Bank for International Settlements Working Paper No. 107 (January 2020).
Over the medium term, the economy is expected to grow by an average 4.5%. This is expected to come from positive spill-over from projects such as the submarine cable, Tina Hydro, the Pacific Games and projected robust outturns in mining. However, there are potential risks on the horizon.