Bank of Canada Growth Forecast 'Pretty Grim': RBC's Laschelles

The transcript discusses the Canadian economic outlook, highlighting a dovish stance with downgraded growth forecasts. It explores the influence of US and global economic trends, noting the interconnectedness of economies. Challenges such as the housing market, oil market, and competitiveness issues are also addressed, indicating potential headwinds for Canada's economy.

What are the notable shifts mentioned in the monetary policy report regarding growth forecasts?

How does the US economy influence the forecasting of the Canadian economy?

What challenges does the Canadian economy face currently according to the statement?

In what ways has the housing market changed its impact on the Canadian economy?

What are some of the headwinds affecting the Canadian economy as mentioned in the text?