Boc Expects Deeper Cuts to Investment in Energy Sector Than Forecast in January As Commodity Prices Remain Below Historical Averages

Boc: Some of Canada Q1 Strength due to Temporary Factors Likely to Reverse in Q2, Though Positive Forces in Economy Starting to Outweigh Negative

Boc: Fiscal Stimulus Boosts Govt Spending's Contribution to Gdp Growth to 0.5 Percentage Points in 2016, 0.6 Percentage Points in 2017

Boc: Total Effect of Global, Domestic Developments Would have Been Modest Downgrade to Bank's Outlook, But Measures announced in Federal Budget Will have "notable Positive Impact" on Gdp

Boc Raises Q1 annualized Growth to 2.8 Pct from 1.0 Pct; Cuts Q2 to 1.0 Pct from 2.2 Pct; sees 2016 Average 1.7 Pct, up from 1.4 Pct; 2017 2.3 Pct, down from 2.4 Pct