The Globe and Mail reports in its Saturday, Oct. 22, edition that Canadian economic growth will
pick up a bit next year, helped by
federal fiscal stimulus, but subdued
United States demand and weak oil
prices are expected to limit gains,
a Reuters poll found.
A Reuters dispatch to The Globe reports that Canada is running a budget
deficit of $29.4-billion this fiscal
year to help fund increased infrastructure
and social welfare
spending, making it one of few
major economies using fiscal
policy to try to spur growth.
Still, the survey of nearly 40 analysts
forecast the economy will
expand just 2.1 per cent next
year, in-line with the International
Monetary Fund's estimate, but
lower than the Bank of Canada's
2.2 per cent projection.
The economy will expand 1.3
per cent in 2016, the poll forecast,
similar to the central bank's
estimate, but lower than the 1.7
per cent median consensus in a
poll three months ago.
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