Disruption in global demand, strong loonie, and weak U.S. economic recovery pose risks
Private demand around the world may not be strong enough to sustain the recovery.
Fed’s ability to aggressively deal with further economic shocks is beginning to run thin
Pace of consumer spending to slow
Some pullback in Canadian domestic activity ‘inevitable’
Warns downside risks have risen sharply
Housing market a concern in U.S., Canada
Commodity prices, Bank of Canada’s interest rate policy could impact the dollar’s value
Deleveraging in the private sector slowing growth
Scope for policy misjudgements is high