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Canadian economy to expand heading into 2011


October 15, 2010
By John Clinkard | Daily Commercial News

Oct. 15, 2010 – As we approach the end of 2010, there are definite
signs that both Canada’s physical and economic climate are cooling.

Oct. 15, 2010 – As we approach the end of 2010, there are definite signs that both Canada’s physical and economic climate are cooling.

Following two unsustainably strong quarters, economic growth in Canada slowed to 2% in the second quarter, its slowest quarterly increase since the third quarter of 2009.

Three factors contributed to this pull back in demand:

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First, Canada’s trade situation deteriorated sharply due to a slowdown in exports to the U.S., coupled with a surge in imports largely driven by stronger investment in machinery and equipment.| READ MORE