Canada: Economy and the Olympics

By Elli Davis, February 18, 2010

Olympic Games in Vancouver
by Online Photography School

New Capital Points report by the Scotiabank group was just published! It focuses on the Olympic Games in Canada and as always, the economy of our country. During the following two weeks, Canada will be in the in the centre of attention of the whole world due to the 2010 Winter Olympics and Paralympics taking place here, the group claims, and well, it is quite obvious.

As for the economy „Canada is not saddled with the same risks to inflation and fiscal worries that dominated global focus on Asia and Europe“, the report says. Interestingly, lending to households, even if restricted, did not have a great impact on Canadian household consumption if compared to other states. For January, modest increases in headline and core CPI are predicted, after decreases of both a month.

Olympics seem to be taking over everything right now; economic reports are not an exception. Anyway, I suggest you to read the original for details, as this is just a brief outline mainly informing you about the release. Nice reading(the report) and watching(the Olympics)!

Posted in Toronto Real Estate News | No Comments »