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U.S. Strength Prompts EDC to Forecast a Rosy 2015

Posted October 28, 2014

Under Economic Issues, International Trade Issues

(Barrie McKenna – Globe & Mail)

To many experts, uneven growth spells trouble for Canada.

Not Peter Hall, chief economist at Export Development Canada. He said the suddenly surging U.S. economy has more than enough momentum to lift Canada and much of the rest of the world out of its funk.

“It goes against the grain,” Mr. Hall acknowledged in an interview Monday. “We’ve been conditioned to look for the weakness. But the U.S. is looking pretty strong to me.”

EDC is releasing a new forecast Tuesday for the Canadian and global economy – projections that are significantly more optimistic than the Bank of Canada and many private sector economists.  Read more here.