CANADA’S ECONOMY HAS TURNED THE CORNER

January 25, 2010

RBC ECONOSCOPE – Latest edition, January, 2010

Canada’s economy showed signs of picking up pace in the final-quarter 2009.  An increase in employment in the quarter spurred a rise in retail spending and helped the strong rally in the housing market. This increase in household activity  everberated throughout the economy with manufacturing and wholesale activity rising as well.

We expect real GDP growth of 3.4% for the final-quarter 2009 and boosted our forecast for growth in the first half of 2010. We look for Canada’s economy to grow at a trend-like 2.8% this year, accelerating further in 2011 with growth forecasted to average 3.9%.  …AND IS ENTERING 2010 ON FIRM FOOTING. Read the rest of this entry »


Seniors growing, Ontario workforce shrinking over next 20 years

January 25, 2010

THE CANADIAN PRESS TORONTO – Ontario’s economy may be challenged over the next 20 years by an aging population and shrinking workforce, a new government report suggests.  Seniors will account for 22 per cent of the population by 2030 – up from the current 13.7 per cent – putting more pressure on Ontario’s health-care system which already accounts for nearly half of every dollar the government spends.

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