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Canada 2013 growth outlook cut on exports, housing: Poll
Canada's growth outlook dimmed over the last quarter, a Reuters poll showed on Wednesday, with soft export demand, a strong currency, and a cooling housing market combining to weaken economic expectations.
Economists now expect Canada's economy to expand just 1.8 percent this year, down from the 2.0 percent rate predicted in the previous poll published Oct. 11.
The survey of 33 respondents over the past week also showed forecasts cut for the fourth quarter of 2012 to an annualized rate of 1.3 percent, down from 1.9 percent three months ago. The first quarter forecast fell to 1.8 from 2.0 percent.
Read the full article here.
Canada's growth outlook dimmed over the last quarter, a Reuters poll showed on Wednesday, with soft export demand, a strong currency, and a cooling housing market combining to weaken economic expectations.
Economists now expect Canada's economy to expand just 1.8 percent this year, down from the 2.0 percent rate predicted in the previous poll published Oct. 11.
The survey of 33 respondents over the past week also showed forecasts cut for the fourth quarter of 2012 to an annualized rate of 1.3 percent, down from 1.9 percent three months ago. The first quarter forecast fell to 1.8 from 2.0 percent.
Read the full article here.