April 24 2019 11:16am

Bank of Canada downgrades Canada’s 2019 growth forecast

The economy was operating close to full tilt for most of 2017 and 2018, the bank said, before a sudden deceleration in the final three months of last year. The slowdown was largely caused by a drop in oil prices and unexpectedly weak numbers for investment and exports – and the bank says its effects have spilled into 2019.

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