Canada Economics

Canada Economics Update

8 January, 2018

Businesses shrugging off NAFTA uncertainty

The improvement in business sentiment in the fourth quarter of last year, most notably the marked rebound in investment and hiring intentions, suggest that the increased uncertainty around NAFTA isn’t likely to restrain economic growth this year. This will give the Bank of Canada more confidence to hike interest rates again in the coming months, provided that housing doesn’t derail the economy before then.

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