The short term outlook for the canadian economy remains good. Advanced signals of its evolution point towards a sustained progression of the production in the coming months. Statistics Canada leading indicator index increased again in March (0.8%) according to data published today by that organisation; eight of the ten components of the index showed an increase.
Moreover, GDP growth forecasts for Canada in 2011 were recently revised upward by the IMF, the Bank of Canada and The Economist poll of forecasters. The new estimates are close to 3.0%.
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