Boc sees Brexit Reducing Global Gdp by a Total of About 0.2 Pct by End-2018 and Cutting Canadian Gdp by 0.1 Pct Over Same Period

Boc sees Foreign Demand and Past C$ Weakness Continuing to Support Non-Commodity Exports; says Disappointing Global Growth and Weak Demand for Canadian Exports caused Permanent Loss of Capacity

Boc: Lackluster Pace of Business Spending Had Been assumed to Reflect Mainly Cyclical Factors, But Could Also Signal Demographic Forces or Other Structural Factors more Relevant Than Previously Estimated

Boc: Recent Housing Boom, Especially in Toronto and Vancouver, Has exacerbated Household Sector Vulnerabilities, Boosting Likelihood and Severity of Spending Slowdown Should House Price Correction Occur

Boc: Financial Vulnerabilities are elevated and Rising, Particularly in Greater Vancouver and Toronto Areas