Global Factors May Be Slowing Canada Economy, Murray Says

Sluggishness in Canada’s economy may be explained by forces that are restraining inflation and business investment worldwide, a central bank official said.

U.S. and euro zone economies have experienced disinflation that’s hard to explain, and international research also suggests that companies are holding back on spending because of uncertainty about global growth, Bank of Canada Deputy Governor John Murray said today in the text of a speech he’s giving in British Columbia capital of Victoria.