Consumption, residential investment have been stronger than anticipated; expected to contribute less to growth going forward

Benefits of higher commodity prices being diluted by wider spreads between benchmark world, canadian oil prices

Core inflation measures have edged up, consistent with diminishing slack in economy

Labor market slack being absorbed more quickly than anticipated; wages still rising by less than typical

Raises 2018 average annual inflation forecast to 2.0 pct from 1.7 pct, holds 2019 at 2.1 pct

Holds q4 growth forecast at 2.5 pct, sees q1 growth 2.5 pct; raises 2018 to 2.2 pct from 2.1 pct, 2019 to 1.6 pct from 1.5 pct

Uncertainty about future of NAFTA "weighing increasingly" on the outlook; trade-policy uncertainty to reduce level of business investment by 2 pct by end-2019

BoC sees small benefit to Canada from stronger U.S. demand due to recent tax changes