View full page at forexfactory.com

 

Worst For Canada Growth Behind; China, Oil Key Risks

From mninews.marketnews.com

After two consecutive quarters of declines, analysts believe the Canadian economy will pull out of negative territory as the worst now seems behind. The main downside risks to Canada's growth outlook comes from oil prices and uncertainty about China's economic performance and demand for commodities. Should such uncertainty meaningfully dampen business confidence, it could threaten the scenario of an investment pick up down the road, as expected by the Bank of Canada, while discouraging consumers, who have been a key source of strength so far. Statistics Canada reported Tuesday that Canada GDP contracted at an ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News