From the CBC, October 19, 2006:
"Economy seen cooling till 2008: Bank of Canada - The 2008 growth forecast remained unchanged at 2.8 per cent."
From the CBC, October 10, 2007:
"Economic growth is expected to cool to 2.3 per cent in 2008 — down from its previous forecast of 2.6 per cent"
From the CBC, January 24, 2008:
"Bank of Canada lowers 2008 GDP estimate: Growth to pick up later in the year and into 2009 ... In its latest monetary policy update issued Thursday, the central bank now says GDP will rise by 1.8 per cent in 2008, down from its October estimate of 2.3 per cent. "We will come through 2008 fine," Bank of Canada governor David Dodge said at a news conference."
From the CBC, July 15, 2008:
"...the bank said it expects economic growth in Canada this year of only one per cent. Growth is expected to rise to 2.3 per cent in 2009 and 3.3 per cent in 2010.
That is down from the lowered outlook the central bank offered in April, when it said it expected 1.4 per cent growth for this year. In January, the bank said it was looking for 2008 growth of 1.8 per cent.
The bank also sounded a warning over its outlook for inflation, saying that commodity prices continue to outstrip expectations.
"Assuming energy prices follow current futures prices over the projection period, total [Consumer Price Index] inflation is projected to rise temporarily above four per cent, peaking in the first quarter of 2009," the bank said."
The bank sees energy prices subsequently stabilizing and inflation is projected to return to its two per cent target in the second half of 2009.
Many economists see the central bank remaining on the sidelines for several months."
From the CBC, October 23, 2008:
"the Bank of Canada said growth is expected to pick up over the remainder of 2009 and to shoot to "above-potential" in 2010 ...
Asked if Canada was headed for recession, Carney would only say that economic performance will be sluggish for the next few quarters.
From the CBC today:
"While Canada's economy evolved largely as expected during the summer and early autumn, it is now entering a recession as a result of the weakness in global economic activity," the bank [of Canada] said.
As expected!! You can take these clowns seriously if you like, but you do so at your own peril, they certainly don't take their audience very seriously...