Canadian Economy Doing Well

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By Elli Davis, March 22, 2010

strength of Canadian Economy by Raman Virdi

The new report by the Quebec Desjardins Group released just today claims that the economy of Canada is going to grow faster than those of the US, Japan and Western European states. Canada is, according to the report, a special case thanks to its strong economy, which is actually doing better than almost any modern economy in the world.

Our country will not have to necessarily rely on overseas markets for improved sales this year, Desjardins says, as there is predicted to be fairly modest demand for new products and services by consumers and corporations. Our GDP growth is expected to be about 3 percent in 2010. And that would be more than American growth of 2.7 percent – not by much, though.

We are doing so well, it’s unbelievable, really. I am very happy about that – great to keep hearing it from economists, too. Let’s just hope we will continue this trend!