The Canadian economy will grow by just 1.3 per cent in 2016, the chief economist of CIBC World Markets says. Avery Shenfeld says that the continued weakness in the oil and resource sectors and more pressure on the labour market will restrict growth. It’s the second cut the firm has forecast since the start of the year having previously called for 1.7 per cent. There are some brighter times ahead though: "With [oil] supply finally starting to fall off in some areas, modest price recoveries should be in the cards as the market eyes brighter days in 2017,” Shenfeld said. He also expects stronger growth in the global economy in 2017.
MBN
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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