Economic Outlook
Date Submitted: 09/10/2006 03:26:40
Category: / Literature / North American
Length: 1 pages (278 words)
Category: / Literature / North American
Length: 1 pages (278 words)
I believe the Canadian Economy will continue to grow steadily over the next year, even
with a new government now in place. The main two factors being the housing and
resource market. True, the housing market will probably not continue to grow as it has
over the past 2-3 years where most home-owners have realized massive gains. The
Bank of Canada has already said they will be most likely raising rates slightly in order to
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grow nicely and have helped pull the overall economy along.
A major downside in the economy as we sit now is our dollar, this is simply because
exports go down as our dollar gains strength, and with Canada (especially BC) being a
huge export country, this has a negative effect.
Overall, I would say we can expect a steady growth this year (David Dodge, Bank of
Canada Governor, projected it to be 3.1% just yesterday).
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