RBC expects economy to beat predictions in 2013

The Canadian economy will pick up steam next year as risks to the global economy subside and exports strengthen, a new forecast says.

The country’s gross domestic product should expand 2.4 percent next year, accelerating from this year’s expected pace of 2 percent, Royal Bank of Canada said Thursday. It expects interest rates will start to rise “modestly” in the second half of next year and that the Canadian dollar will stay above parity through much of 2013.

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