​Bank of Canada warns of risk to recovery

The Bank of Canada warned today that the continued decline in oil prices could put the recovery of the economy at risk.

​Bank of Canada warns of risk to recovery
The Bank of Canada warned today that the continued decline in oil prices could put the recovery of the economy at risk. Timothy Lane, deputy governor of the central bank said that with oil accounting for around 3 per cent of GDP there was a danger that lower revenues would be “bad for Canada”. 

 

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