Canada's economy hums as Eurozone sputters. But is relief only a one-quarter wonder?
While the turmoil in the eurozone dominated the headlines in recent months, Canada`s largest bank says it believes the domestic economy continued to power ahead.
Striking a rosier note than most of the banks, RBC said Tuesday it expects Canada`s gross domestic product will grow 3.1 per cent in the quarter that ends June 30, two and a half weeks from now.
For the year, the bank is forecasting more moderate growth of 2.6 per cent as concerns about events in Europe, China and the U.S. continue to cast a shadow over the global economy.
Read the full article here.
While the turmoil in the eurozone dominated the headlines in recent months, Canada`s largest bank says it believes the domestic economy continued to power ahead.
Striking a rosier note than most of the banks, RBC said Tuesday it expects Canada`s gross domestic product will grow 3.1 per cent in the quarter that ends June 30, two and a half weeks from now.
For the year, the bank is forecasting more moderate growth of 2.6 per cent as concerns about events in Europe, China and the U.S. continue to cast a shadow over the global economy.
Read the full article here.