OTTAWA, April 20^th, 2010 - Global economic growth has been somewhat stronger than projected, with momentum in emerging-market economies increasing noticeably. In Canada, the economic recovery is proceeding somewhat more rapidly than the Bank had projected.  This profile reflects stronger near-term global growth, very strong housing activity in Canada, and the Bank's assessment that policy stimulus resulted in more expenditures being brought forward in late 2009 and early 2010 than expected. At the same time, the persistent strength of the Canadian dollar, Canada's poor relative productivity performance, and the low absolute level of U.S. demand will continue to act as significant drags on economic activity in Canada. The Bank expects the economy to return to full capacity in the second quarter of 2011.