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Update: The Bank of Canada held its trendsetting interest rateof 0.5 per cent today, saying uncertainties continue to overshadow the economy’s stronger-than-expected start to the year.

Canada’s economy hasn’t looked so robust since the collapse of oil prices in 2014. It’s evident in gross domestic product data, job growth, retail sales and even the much maligned manufacturing sector.

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So, if things are so rosy in Canada, why are investors so down on the country’s outlook?

With Bank of Canada Governor Stephen Poloz making a rate decision today, here are the latest developments in the Canadian economy and the key issues informing policy makers.

State of Play

There are two key reasons why Canada’s economy is doing better. Oil prices have rebounded from last year’s lows and that’s giving energy-producing regions some life. Second, a housing boom in Vancouver and Toronto is fueling construction and creating billions in new found wealth for the city’s citizens.