Raises U.S. 2017 growth forecast to 2.2 pct from 2.1 pct, removes stimulus from expansionary U.S. fiscal policy assumed in earlier forecast

Elevated geopolitical uncertainty still clouds global outlook, particularly for trade, investment

Household spending likely to remain solid in months ahead, but pace is expected to slow over projection horizon

Activity in housing sector has abated, largely as result of sharp declines in resales in toronto and surrounding area

Growth is broadening across industries, regions and becoming more sustainable; adjustment to lower oil prices is largely complete

Further adjustments to o/n rate will be guided by incoming data, keeping in mind continued uncertainty, financial system vulnerabilities

Judges recent softness in inflation to be temporary, sees inflation close to 2 pct by mid-2018