JUST OUT THAT THE ECONOMIC'S OF CANADA IS IMPROVING. 2 3% INCREASE! ====
Finance Minister Jim Flaherty said Canada’s economy could post surprising growth this year as optimism remains strong around the U.S. recovery.
Mr. Flaherty spoke about Canada’s economic outlook at the Group of 20 summit in Australia on Sunday, saying that he sees the potential for growth to come in at between 2% and 3%, compared with a median of forecasts compiled by Bloomberg calling for 2.3% growth this year.
“I hope it’s better than that,” Mr. Flaherty told reporters after the summit. “I had lots of discussions with my American colleagues and they’re feeling quite positive about developments in the American economy, which should help Canada.”
Canada’s economic indicators in the past year have consistently shown sluggish growth, averaging just 1.9% annualized growth since the first quarter of 2011. Economists call for the United States to outperform Canada this year, with the median forecast of economists polled by Bloomberg expecting 2.9% growth for the U.S. in 2014, compared to 2.3% for Canada.