- Higher inflation not coming from economic changes
- Downside risks to inflation have clearly diminished since last October
- Blames higher inflation on temporary factors
- Says that if investment and growth don’t improve, inflation will fall below target again
- Inflation forecast is close enough to target that we’re neutral
- Business investment is the common factor holding down trade around the world
- Our exports have not improved in synch with the US economy as in the past
- We believe as investment in the US picks up, we will start to see the results
- Canada has one of the best investment climates in the world, I don’t think it’s the costs that are a problem it’s the uncertainty