International Economic Week in Review: A Closer Look at Canada

     Earlier this week, Bank of Canada president Stephen Poloz testified before the Canadian parliament, discussing the latest Monetary Policy Report.  He noted that, due to weak exports, low oil prices and a shift in governmental housing policy, the Bank was lowering their growth projections.  But it also appears that after an oil price slide induced recesson, the worst may be over.  And a closer look at the underlying statistics reveals an economy that is slightly healthier than the Bank’s assessment.      Household spending is doing well: The top chart shows household spending as a percent of GDP since 2010. …

Source: XE news feed
International Economic Week in Review: A Closer Look at Canada