2018 Economic Outlook: Economies everywhere are having a banner year, and there’s more to come…
Canada had solid economic growth of 2.9% in 2017, having weathered the oil price shock of the past two years. Our economy is on a solid footing. The expansion has been broad-based, with all sectors of the economy contributing. Our goods exports are up 8.7% year over year. Business investment, which is absolutely critical to continued growth, has also improved. At the same time, Canada’s labour market has been thriving, adding 343,000 jobs year to date, with nearly all in full-time employment.
Canada should have a solid growth of 2% in 2018.
While growth of the Canadian economy will slow to about 2% in 2018, this is still decent growth. (read more of this 2018 economic outlook report by BDC…)