Assessing Economic Risks in Canada
In contrast to many countries that are looking for ways to bolster economic growth, the OECD suggests that Canada should now raise their short-term interest rates. However, with mounting uncertainty in Europe and the U.S., and slowing economic growth in China, is this a good idea for an export-dependent economy? Furthermore, worries about a possible Canadian housing bubble are also spreading.
It is in this context that ECRI has just completed an in-depth cyclical analysis of the Canadian economy, providing clear insights about risks to economic growth as well as the future direction of Canadian home prices.