Canadian Economy To Flourish In 2013

17 Dec 2012

Canada's largest private sector bank, Royal Bank forecasts growth of 2.4% in 2013 and will continue to expand. Alberta and Saskatchewan province will contribute mostly to the economy, as per the reports.

"I would say we are cautiously optimistic. We're slightly more upbeat than consensus, but not dramatically so."

Exports also will grow and will affect the economy positively.

"This represents the most significant support since 2001 after most of the intervening years showed the sector acted as a drag on growth”

Business investment and consumers will have a substantial impact.

"It's discouraging to keep seeing sluggish growth, but it's not really surprising,"

"This was a crisis (2008-09) that was a decade in the making, so fixing it is probably going to take a decade as well. We're really just half-way through it."

Canada Immigration intends to bring more foreign professionals to boost the economy and fill the skills shortage gap.

Migrate to Canada, call 1800 103 1555. Mail to [email protected].