- Expects Canadian economy to resume growth in second half of year, inflation to fall
- Canadian monetary policy not tied to US; will be appropriate for Canadian conditions
- Risks to economy; skewed to the downside
- Comprehensive capital plan needed for banks
- European situation fragile but fixable
- EFSF and ECB should be used more efficiently
- Does not expect a US recession although risk has risen
Bank of Canada calls on Europe to bolster banks
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