BOC Deputy Lynn Patterson economic progress report following yesterday's BOC decision

  • Federal tax changes may have delayed investment
  • Firms may be waiting to invest until NAFTA ratified
  • Complex adjustments underway in the housing market
  • Expects Canadian economy to pick up later in 2019
  • Most households are managing debt levels

There isn't much here that wasn't in the BOC statement. I don't think this is going to be a mover for the Canadian dollar.