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Canadian economy to slow in 2013: CIBC

Posted on 20 December 2012

Without key domestic economic drivers to shelter Canada from a continued weak global economy, GDP growth will slip to 1.7% in 2013, says CIBC. “Having earlier tapped fiscal stimulus and a housing boom to shelter the economy from sluggishness abroad, the country’s ability to set its own course is now much more limited,” says Avery Shenfeld, chief economist at CIBC.
He adds, “Escaping economic mediocrity will depend on the kindness of strangers, with exports and related capital spending critical to Canada’s fate in 2013-14.”……………………………………….Full Article: Source


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