Canadian economy expanded just 0.6%
Tagged: Canadian Economy
The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on March 8th, 2012.
While Canadian households may be setting new highs in debt-to-income ratios, the country’s corporations, governments and citizens are in a much stronger position to handle that risk, a new report from the Bank of Nova Scotia said Thursday.
Despite the recent slowdown, the International Monetary Fund said Wednesday it still sees Canada will be the leader in economic growth among major industrialized countries this year and next.
A majority of Canadians want to get rid of all those pennies jingling in their pockets, according to a new poll, and if they get their way the country’s economy stands to benefit, says currency analyst David Watt.