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The central bank said it expected a "deeper and more protracted slowdown" in America to hurt Canadian exports and tighter credit conditions to damp spending at home.
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"It's an important slowdown but it's not a very deep slowdown, it's more a protracted slowdown".
He said that he was more worried about a protracted slowdown and not being able to cut deposit rates than about his swaps.
This week it published new projections, in its quarterly Inflation Report, that are grislier still.The central bank now thinks that the slowdown will be deeper and more protracted than it anticipated in November.
Mounting evidence in the last few weeks that the global slowdown is deeper and is likely to be more protracted than initially feared has heightened the debate about whether governments should focus first on better regulation or on emergency spending.
That's enough to fill any China bull with nostalgia.In this section Pray as you go The real deal Turning from green to red Remembrance of things fast On His Holiness's public service Proof of life An isolated carcass No more free lunch Game, set and match ReprintsA number of economists concluded that China's protracted slowdown had at last run its course.
Conflicts are becoming more protracted.
Those who worry that a protracted slowdown looms could find supporting evidence in the export figures.
The deputy chief executive, Brian Gilbertson, said a protracted slowdown might hurt future earnings.
One risk is a protracted slowdown in the United States, the destination of four-fifths of Mexico's exports.
Two major developments point to more protracted difficulties.
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CEO of Professional Science Editing for Scientists @ prosciediting.com