19 March 2013

RBC – economy is expected to improve, while Canadian dollar stays below parity

Royal Bank of Canada (RBC), the largest Canadian bank, expects economy to perform a bit better than others predict during the next two years. In the same time, RBC says Canadian dollar will not show the same results. The bank’s recent report predicts economic growth rates of 1.8% in 2013 and 2.9% in 2014 – it’s slightly higher than numbers used by the Finance Minister Jim Flaherty in the upcoming budget presentation this Thursday…

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