30 May 2014
Some economists believe the growth decline can be explained by unusually harsh winter. The U.S. economy was down by 1% in the first quarter.
“Nevertheless, bad weather can’t explain a 7.2% decrease in imports or a business investment decline”, – said Jimmy Jean, an economist at Desjardins Capital Markets in Montreal. “It’s much more complicated than the story about bad weather”.
Now economists expect an increase in growth during the second quarter, following the strength renewal in the U.S.
In the same time, the central bank may underline the unstable situation at the global and domestic economies in its rate statement on June 4th.
Join us on June 4th for the live Radio+ interview on AM1430 from 8 till 9pm. We will discuss Bank’s of Canada decision and all mortgage and real estate related questions.