A New Cycle

Submitted by admin on Wed, 11/20/2013 - 13:26

The following is excerpted from a 31 October 2013 commentary by Peter G. Hall of Export Development Canada.

Canada seems to be losing some of its recent gleam. Post-crisis, we received accolades for our financial stability, fiscal prudence, rich resource base and resilient domestic demand. Now, our consumers are fast becoming as indebted as pre-crisis Americans, housing activity is overblown, and commodity prices have softened. Against expectations, exports have remained stubbornly lacklustre. Are we about to be treated to a surge of growth, or will conditions remain tricky?

This commentary is available in its entirety at:
http://www.edc.ca/EN/Knowledge-Centre/Subscriptions/Weekly-Commentary/Pages/new-cycle.aspx