Something else for the Bank of Canada to ponder
Capital Economics cite "ongoing protests that have crippled the rail network" in Canada
- cut their Q1 GDP projection to 1.5% (annualized) from previous forecast at 1.8% growth rate compared to his prior estimation of 1.8%.
- on the assumption the blockades will end soon, looking for a GDP rebound to 2.2% in Q2
Background to the rail blocakage is here
A protest over a pipeline is shutting down train service across much of Canada
