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Economy expected to recover after contraction -Bank of Canada

Published 2015-09-16, 01:38 p/m
© Reuters.  Economy expected to recover after contraction -Bank of Canada

WINNIPEG, Sept 16 (Reuters) - After contracting in the first
half of the year, Canadian economic activity is expected to
recover with currency-sensitive export sectors regaining
momentum, Bank of Canada Deputy Governor Agathe Cote said on
Wednesday.
In a presentation in Winnipeg, Cote said the current level
of the Canadian dollar is consistent with its historical
relationship with oil prices. U.S. economic activity is also
expected to accelerate, she said.

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