Bank of Canada deputy warns of lingering uncertainty around non-resource exports
OTTAWA — The Bank of Canada’s senior deputy governor says there’s still uncertainty around the long-hoped-for rebound of the country’s crucial non-resource export sectors.
In a speech Thursday, Carolyn Wilkins said the future of these exports is not entirely predictable despite some encouraging signs in the numbers from July and August.
“Uncertainty lingers,” Wilkins said in the address she delivered mostly in French at the Universite du Quebec a Trois-Rivieres.
“This uncertainty comes in part due to the future growth prospects for investment in the United States. It is also possible that the effect of lower oil prices on the American economy is not as positive as anticipated.”