Just Released: "Canada Shipping Report Q2 2014"
BMI forecasts Canadian real GDP growth to move just above the 2.2-2.3% long-term trend on average in 2014 and 2015, with expansion of 2.3% and 2.5% in those years, respectively. The ongoing theme for the Canadian economy is 'rebalancing', with growth in early 2013 attributed to improving net exports offsetting weakness in domestic demand (following a 2012 in which consumer spending and fixed investment provided the bulk of growth as net exports dragged). This improvement in exports provides welcome news...
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