Canadian Economic Momentum to Increase in 2019, RBC Economist Desjardins

The video discusses the Canadian economy's performance, highlighting disappointing capital investment and consumption activity. Despite a strong labor market, interest rate hikes have made consumers cautious. Oil production cuts and strikes have further dampened growth. The Bank of Canada acknowledges these factors but remains optimistic about future momentum. Business investment and exports are potential growth drivers, while the Canadian dollar's trajectory depends on various factors. Overall, the economy is expected to improve in the latter half of the year.

How did the Bank of Canada respond to the economic data mentioned in the text?

What are the anticipated driving forces for the Canadian economy in the second half of the year?

What role does external demand play in the recovery of the Canadian economy?