Bank of Canada – Monetary Policy Report (January 2011)

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The Bank of Canada's Monetary Policy Report for January, published on Wednesday, said the Canadian recovery was expected to gain momentum in 2011 on the back of a rise in exports.

The central bank projected the economy to expand by 2.4% in 2011 and 2.8% in 2012 with net exports expected to make an increasingly positive contribution to growth over the projection horizon, aided by a further depreciation of the US dollar and firming external demand for US goods and services.

However, the central

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