Canada's economy continues growth

For the third straight month in November, Canada's economy grew, backed by strength in the gas and oil industries, wholesale trade, and continued real estate activity.

Statistics Canada reports gross domestic product advanced 0.4 per cent on the month, beating the market estimate of 0.2 per cent.

Economists say the data shows Canada's economy is on pace to meet or exceed the Bank of Canada's 3.3 per cent growth estimate for the final three months of 2009.

But while there is optimism by economists, Canadians are growing in their pessimism, says a new consumer confidence survey by the RBC Monthly Canadian. Some 52 per cent described the economy and job prospects as bad, compared to 48 percent feeling it was good in January. In December, 51 per cent had viewed it as good, compared to 49 per cent as bad.

Also, 56 per cent of Canadians expect the economy to improve over the next year, down from 60 per cent in December.

Source: www.mortgagebrokernews.ca

It's Your Career - I'm here to Support YOU!

Constantine Isslamow

Real Estate Broker / Mortgage Broker

Century 21United Realty Inc. Brokerage / CENTUM Core Financial Inc.

Independently Owned and Operated

Friends, followers, and connections are the way of the future. 

Twitter / Facebook / LinkedIn / Blog

CENTUM Core Financial Inc. Brokerage License #: 10642

Constantine Isslamow License#: M08005391

Constantine Isslamow

Constantine Isslamow

Broker of Record
CENTURY 21 United Realty Inc., Brokerage*
Contact Me

Blog Archives

Tags