Contents
Current trends — Canadian economy gears
up
Financial markets — Global economy facing
down risks
Macroeconomic forecast — Settling into
the next phase...
Provincial forecast — Broad-based provincial
growth on track
Housing markets — Owning a home became
a little more affordable in Canada
at the end of 2010
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Canadian economy gears up...
▲ The December GDP report showed a 0.5% gain.
▲ Data shows an upward underlying trend in employment with the economy generating
an average 38,200 jobs per month in the three months ended February.
▲ Despite a 0.2% decline in December, the volume of retail sales rose an annualized
5.1% in the fourth quarter.
▲ Pace of housing growth to continue for remainder of 2011.
▲ The deterioration in January’s trade balance resulted from a $1.9 billion jump
in imports indicating strong domestic demand.
▲ The core inflation rate calculated by the Bank of Canada held steady in January
although on a seasonally-adjusted basis, core prices increased by 0.1%.
Dawn Desjardins
dawn.desjardins@rbc.com
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