Thursday, October 24, 2013

Bank of Canada downgrades economy for next three years: 2014 and 2015 not going to be rosy

From the links:
Bank of Canada lowered the anticipated growth path for the economy, shaving the projected pace of expansion for the rest of 2013, for 2014 and for 2015. The bank opened the door to interest rate cuts. Now, how is this going to affect the job market in Canada, and especially, the employment rates for the young generation? 

This is bad news for the new graduates looking for work...

1 comment:

Willie Kaminski said...

It's likewise fascinating to take note of that the national bank appeared to be more centered around a general lull in U.S. financial action that originates before the most recent monetary emergency than on the effect of the shutdown and obligation roof battle themselves. The incomplete government loss of motion in October, the MPR said, "will hose monetary development in the final quarter" (accentuation mine). Also, as far as possible level headed discussion has likely increased the shutdown's negative effect on certainty. Be that as it may, neither elements as an imperative reason for slugginesh in 2014 in the BoC's perspective.


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