Wilkins Sees ‘Solid’ Performance for Canada Despite Soft Patch

Bank of Canada officials continue tocharacterize the country's economic performance as “solid,”despite a recent soft patch they believe is only temporary.

Senior Deputy Governor Carolyn Wilkins, in a Calgaryspeech, reiterated the main messaging from Wednesday's ratedecision, where the central bank kept rates unchanged butexpressed growing confidence Canada is on track for a rebound.The speech is what the central bank calls its Economic ProgressReport, in which it aims to provide insight into deliberationsfollowing rate decisions not accompanied by new forecasts.