Canadian Economy Muddles Along in 2012 and 2013

October 23, 2012

The following is excerpted from a 22 October 2012 news release by The Conference Board of Canada.

Canada’s domestic economy has softened and our major trade partners are too weak to pick up the slack, limiting growth in real gross domestic product (GDP) to less than two per cent this year, according to The Conference Board of Canada’s Canadian Outlook - Autumn 2012.

“The influence of a grim global environment, coupled with a heavy dose of fiscal restraint, will result in Canada's economy muddling along through the rest of this year and into 2013,” said Pedro Antunes, Director, National and Provincial Forecast.

This release is available in its entirety at:
http://www.conferenceboard.ca/press/newsrelease/12-10-22/Canadian_Economy_Muddles_Along_in_2012_and_2013.aspx

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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