Friday, June 11, 2010

RBC predicts fastest economic growth in a decade for Canada

Canada's economy is expected to surge in 2010, according to a new report from RBC Economics, which predicts gross domestic product growth of 3.6 per cent as a result of strong demand and increased job creation.

RBC says Canada's real GDP grew at 6.1 per cent in the first quarter, the fastest pace in a decade.

"Canada's economy continued to surge ahead as domestic demand was backed by increases in consumer, housing and government spending," said Craig Wright, senior vice-president and chief economist at RBC. (more)



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