RBC predicts Canadian economy will grow 3.2% in 2011

March 11, 2011 Canada’s economy will grow by 3.2 per cent this year, assuming rising American demand for consumer goods and autos, according to a report issued Friday by Royal Bank. Economists at the bank predict net exports such as cars and commodities will boost economic growth this year and next, as those industries account […]

CANADA’S ECONOMY GAINS TRACTION AS NET EXPORTS SURGE: RBC ECONOMIC

Strong gains expected to continue through 2012 TORONTO, March 11, 2011 — On the back of solid net exports in the final quarter of 2010, Canada’s economy finished the year on a high note recording stronger than expected gains, according to the latest Economic Outlook released today by RBC Economics. The biggest support for the […]

Bank of Canada maintains overnight rate target at 1 per cent

The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. In its decision, the Bank showed caution in the face of an improving Canadian economy. “The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of the anticipated rebalancing of demand,” […]

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