We expect the overnight rate to reach 4 per cent by April, and 4.5 per cent by the fall of 2006.
It really depends on where we see commodity prices moving and if commodity prices remain high, we can easily see the Canadian dollar break 90 cents (U.S.) over the course of this year.
The unemployment rate stood at 6.1 per cent in November - the lowest rate since mid-2001. The return to higher growth in 2006 should allow the annual unemployment rate to decline slightly in that year.