BOC forecast getting mixed reviews
Posted Apr 13, 2016 1:18 pm.
Last Updated Apr 13, 2016 1:21 pm.
This article is more than 5 years old.
The Chief Economist of Dominion Lending Centres is voicing a little concern about the economic forecast issued Wednesday by the Bank of Canada.
Dr Sherry Cooper said it appears the central bank wants Canadians to lower their economic expectations.
”Now they’re suggesting that the re-structuring in the wake of the oil shock is going to continue, that it’s a long-term process, that business investment in the oil sector will continue to decline, and therefore economic activity will remain muted,” said Cooper.
She added the best thing Canadians can do right now is try and put their economic house in order to limit their exposure to factors they have no control over, as it appears the economy won’t be posting strong growth for at least a year or two.
