- Rates unchanged for past 18 months
- No change to language that “some modest withdrawal of monetary policy stimulus will likely be required”
- Economic momentum weaker than expected but likely to pick up through 2013
- Q3 was weak, partly due to transitory energy disruptions
- Housing activity beginning to decline
- Repeats that CAD strength influenced by safe haven flows and global mon pol spillovers
- Global economy has unfolded largely as expected
- US growth held back by fiscal cliff
- Full statement
Nothing surprising whatsoever. it’s just CAD playing catch-up.
