Canada�s economy is expected to grow over 3% next year. Output, corporate profits, investment and hiring were all strong in Q3. Consumer demand was tentative, but recent job and wage gains are likely to turn that around. Housing activity is softening, but still at an elevated level.
The trade surplus has grown helped by high energy prices – it will moderate as energy prices level off. Core inflation still remains uncomfortably close to 2.0%, so the BoC will continue to tighten.
( Full Report, 1 pages, pdf, 0.10 MB).
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