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Tag Archives: Canada economy
Canada’s economy to pick up speed, but headwinds remain: IMF
The Canadian economy is expected to pick up speed – a little – by the middle of next year, though external risks still “loom large,” a new forecast said Wednesday.
The country’s gross domestic product will grow 1.8 per cent next year and accelerate to 2.25 per cent in 2014, the International Monetary Fund said in its preliminary assessment of the Canadian economy. That’s down slightly from its October forecast of 2 per cent growth for next year.
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CIBC report warns that mismatch in job market affecting economic growth
TORONTO – A CIBC report released Monday suggests Canada’s economic prosperity is at risk due to a labour market split that sees high-demand positions go unfilled while lower-skilled workers languish in unemployment.
“We have people without jobs and jobs without people,” said author and deputy economist Benjamin Tal.
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