maintains overnight rate.
- Both total CPI and core inflation in Canada are still expected to follow roughly the path outlined in the January Monetary Policy Report,
- The global economy is evolving largely as anticipated, with growth expected to strengthen in 2014 and 2015,
- In Canada, economic growth in the fourth quarter of 2013 was slightly stronger than the Bank anticipated, and upward revisions earlier in the year further raised the level of GDP,
- On the whole, the fundamental drivers of growth and inflation in Canada continue to strengthen gradually, as anticipated.