News

QuickFacts: A look at the Bank of Canada's shifting economic projections

OTTAWA – The Bank of Canada cut its economic outlook as it dropped its key interest rate to 0.5 per cent. Here is a look at key numbers from the central bank’s April forecast and how they compare with the forecast released Wednesday:

2015 GDP forecast:

April: 1.9 per cent growth

Wednesday: 1.1 per cent growth

2016 GDP forecast:

April: 2.5 per cent growth

Wednesday: 2.3 per cent growth

2017 GDP forecast:

April: 2 per cent growth

Wednesday: 2.6 per cent growth

(Source: The Bank of Canada)