National Post - The Bank of Canada has pushed out its forecast for core inflation to return to its 2% target until 2010, in line with our

expectations. It has more aggressively flagged downside risks to U.S. growth. Excess supply is projected for the Canadian economy in 2009 on the heels of very weak, downgraded growth of 1.4% projected for 2008 and 2.9% for 2009.