Feb 14, 2011
11:00:00 AM
| Last Updated
Resource Driven-Trade Poses Upside Risks to Growth in 2010 and Early 2011
The strength of exports in Canada’s merchandise trade report for December was a clear upside surprise joining several recent economic reports—November’s retail trade data, the November GDP number and January’s employment report—that far exceeded RGE and market expectations. The strength of trade and other factors has led us to revise up our GDP growth forecast to 3% for 2010 and 2.4% for 2011. The trade report also shows that Canada’s fortunes will be increasingly reliant on resources.
Canada’s[...]
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