- Joined
- Mar 24, 2009
- Messages
- 16,743
Consumer spending and exports to underpin Canada's economic growth in 2015
TORONTO - RBC Economics downgraded their forecast for the Canadian economy in 2015 after a sharp drop in energy prices. According to the latest RBC Economic Outlook issued today, Canada's real GDP is projected to grow by 2.4 per cent this year - a reduction of 0.3 percentage points from the forecast issued in December.
RBC notes that while the drop in energy prices is clearly a negative for Canada's oil and gas sector, much of the weakening will be offset by strength in consumer spending and exports.
Read the full article here.
TORONTO - RBC Economics downgraded their forecast for the Canadian economy in 2015 after a sharp drop in energy prices. According to the latest RBC Economic Outlook issued today, Canada's real GDP is projected to grow by 2.4 per cent this year - a reduction of 0.3 percentage points from the forecast issued in December.
RBC notes that while the drop in energy prices is clearly a negative for Canada's oil and gas sector, much of the weakening will be offset by strength in consumer spending and exports.
Read the full article here.