The canadian economy should continue to grow at a stable and moderate pace in the coming months, based on the recent evolution of Statistics Canada leading economic index. In December, that index increased by 0.5 % for a third month in a row according to data published January 20.
This pronostic of moderate growth in the economic activity is also retained by the Bank of Canada in its quarterly report on monetary policy published January 19. The Bank forecasts a canadian GDP growth of 2.4 % in 2011. This should not be sufficient to improve significantly the labor market prospects.
No comments:
Post a Comment