THE DAVISVILLE & LEASIDE INSIDER

THE DAVISVILLE & LEASIDE INSIDER

Thursday, October 20, 2011

Modest economic growth ahead for Canada next year, expert predicts

The main story ahead in 2012 for the Canadian economy is modest growth, according to the deputy chief economist for Bank of Montreal (BMO).

Doug Porter made a stop in Brockville Tuesday afternoon at the Brockville Country Club to deliver his sentiments on the world economic situation and where Canada fits in.

"Ultimately, we are affected by the trends of the United States economy. We have been doing a little better, especially in the housing market and job market, but we can only separate ourselves so much from the U.S. economy," Porter told The Recorder and Times.

These markets have been big positives for the Canadian and local economy, as Porter noted an improvement in the job market showing the unemployment rate decreasing.

Click here to read more...

No comments:

Post a Comment