• Growth in major advanced economies is
modest, while the robust expansions in
emerging economies continue.
• In Canada, the economic expansion is proceeding
largely as projected, although the
expected rotation of demand is somewhat
slower than had been anticipated.
• The Canadian economy is projected to
expand by 2.8 per cent in 2011, 2.6 per cent
in 2012 and 2.1 per cent in 2013, returning to
capacity in the middle of 2012.
• Total CPI inflation is expected to return to the
2 per cent target by the middle of 2012.
• On 31 May and 19 July, the Bank maintained
the target for the overnight rate at 1 per cent.
A press conference is scheduled for 15:15 GMT.
