The International Monetary Fund’s latest assessment of Canadian growth prospects is unfortunately naïve. Although the economy expanded strongly at the start of this year, that was partly due to the housing bubble in Ontario and strong household consumption spending, not more sustainable export-led growth. The Bank of Canada knows this, which is why it is still cautious about the risks to its own rosy economic growth projections.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services