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Tuesday, April 12, 2011 - RBC Economics Digest - March 2011

Excellent report from RBC Economics Research on the current and future Canadian economy. 


View the report in pdf here...

Contents

Current trends — Canadian economy gears
up
Financial markets — Global economy facing
down risks
Macroeconomic forecast — Settling into
the next phase...
Provincial forecast — Broad-based provincial
growth on track
Housing markets — Owning a home became
a little more affordable in Canada
at the end of 2010
For other economics reports, go to
http://www.rbc.com/economics/

Canadian economy gears up...

▲ The December GDP report showed a 0.5% gain.
▲ Data shows an upward underlying trend in employment with the economy generating
an average 38,200 jobs per month in the three months ended February.
▲ Despite a 0.2% decline in December, the volume of retail sales rose an annualized
5.1% in the fourth quarter.
▲ Pace of housing growth to continue for remainder of 2011.
▲ The deterioration in January’s trade balance resulted from a $1.9 billion jump
in imports indicating strong domestic demand.
▲ The core inflation rate calculated by the Bank of Canada held steady in January
although on a seasonally-adjusted basis, core prices increased by 0.1%.
Dawn Desjardins
dawn.desjardins@rbc.com
Click here for full report

   

posted in News at Tue, 12 Apr 2011 15:46:35 -0600



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