GDP data for Canada and the U.S. to be released
Despite a growing economy, the Bank holds steady because of soft investment and wages.
Expect strong consumer spending to continue in 2017
Canada’s GDP expanded for the third month straight in January, with gains reported in 15 of 20 major industries. The 0.6% uptick was the best monthly performance in at least five years, excluding last June’s post-wildfire pop-back, says Brian DePratto, senior economist at TD, in an economics report. TD is forecasting 3.4% GDP growth for […]
So say reports from two institutions.
Here’s a hint: throughout the year, energy will be the biggest positive for Canada.
Last week, the federal budget projected medium-term deficit increases, including a deficit of $28.5 billion for 2017-18, and a deficit of $18 billion still remaining by 2021. Read: Feds will keep asking for more to bolster middle class: Morneau The small measures of raising taxes on alcohol and cigarettes, removing the public transit tax credit […]
Global growth may be strengthening, but, when it comes to global private investing, the outlook may not be so rosy if central banks start tightening, reports PIMCO in a cyclical outlook report. Read: Global growth hinges on fiscal stimulus: OECD For instance, the report forecasts world GDP growth of 2.75% to 3.25%, and CPI inflation […]
The Canadian economy continues to gather momentum.
Speculation on the next move by the Bank of Canada (BoC) suggests a rate hike is possible due to strong economic data. Read: Hike gave Fed “more breathing room,” says analyst In an economics viewpoint report, Desjardins senior economist Jimmy Jean notes that last year Canadian growth surpassed that of the U.S., except in Q2, […]