Growth forecast revised up, rate cuts still slated for second half
While Canada turned positive, fourth quarter GDP slowed in G7
Shelter costs skewing economic picture, impairing monetary policy
Lower food prices help offset higher energy costs
The consumer price index rose 0.3% from December to January and 3.1% from a year ago
Central bank acknowledges rate-hiking cycle is likely over, but hasn't ruled out raising rates further amid inflation pressures
The central bank says shelter costs are now the primary driver of above-target inflation
Strong hiring, wage growth could delay interest rate cuts
U.K.'s central bank kept its main interest rate at a near 16-year high of 5.25% on Thursday
Bank of Canada governor addressed MPs on the finance committee on Thursday