FX & CFD trading involves significant risk
Bank of Canada (BoC) Deputy Governor Lynn Patterson said in a speech on Wednesday that the Canadian economy would need more than two years to recover from low commodity prices.
"Our best guess is that the full adjustment will take longer than two years, our normal forecast horizon," she said.
Patterson noted that households would likely restrain their spending and the consumption growth was expected to be lower due to lower real incomes.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.