Wednesday, April 21, 2010

More good Economic News

have you noticed that the grits and dippers are not talking or asking about the economy at all these days. That's why they need distractions like the pseudo scandals about the detainees and the libels against Helena. I bet that deficit will melt away much faster than anyone thought. It is also time to withdraw any stimulus money not already spent.

Canada's economy will grow the fastest among Group of Seven countries in 2010 and 2011, the International Monetary Fund said in its World Economic Outlook report.

The U.S.'s biggest trading partner will expand 3.1% in 2010 and 3.2% in 2011, the IMF said Wednesday. The U.S. will match Canada's growth this year before falling behind in 2011. In January, the IMF predicted that the Canadian economy would grow 2.6% this year and 3.6% in 2011.

"Canada entered the global crisis in good shape, and thus the exit strategy appears less challenging than elsewhere," the report said.

The Bank of Canada said Tuesday it expects the economy will grow 3.7% this year and 3.1% in 2011. The central bank, which cut its benchmark lending rate to a record 0.25% last April to spur growth, indicated it will raise rates this year and become the first among G-7 central banks to withdraw monetary stimulus.


CanadianSense said...

Can Kevin Page afford White-out? to the radio said...

Sure, the economy seems fine now but that's just counting chickens.
HST in BC and Ontario and imminent interest rate hikes are about to change the game.
Our government has to engineer its downfall before these things manifest themselves in lower consumer spending.
I'm looking forward to the speaker's ruling on that contempt of the house thing.
He must be in a tight spot.
If he rules against the government he sets the stage for a non confidence vote that the PM would like to lose.
If he rules in favour of the government then we'll know that someone told him to keep his powder dry.

I Support Lord Black