Canada’s central bank maintained its key lending rate
13 April 2011
Canada's central bank maintained its key lending rate at one percent, noting inflation was largely subdued despite stronger than anticipated economic growth. The bank forecast Canadian business investment will continue to rise rapidly and consumer spending will evolve in line with personal disposable income. Whilst, growth in exports is expected to be further restrained by ongoing competitiveness challenges reinforced by the recent strength of the Canadian dollar. Overall, the Canadian economy is now expected to grow by 2.9 percent in 2011 and 2.6 percent in 2012, followed by 2.1 percent in 2013.