As I said, we forecast that in the absence of any monetary policy response and any other shocks, the decline would have lowered output and economic activity in Canada.
On March 12th, 2015. See this statement in context.
On March 12th, 2015. See this statement in context.
March 12th, 2015 / 9:20 a.m.
Deputy Chief, Canadian Economic Analysis, Bank of Canada
As I said, we forecast that in the absence of any monetary policy response and any other shocks, the decline would have lowered output and economic activity in Canada.
See context to find out what was said next.