The Toronto Star reports on the strong economic relationship between Canada and the United States, highlighting one nation’s economic growth supports the other:
Canadian business leaders see a stronger economy and more investment spending on the horizon, amid positive signs from the U.S. economy.
The latest Conference Board of Canada business confidence index jumped to 101.5 points for the April to June period – its highest level in over a year – from 91.3 points in the first quarter. More firms report being in a better financial position and operating at or close to capacity, the quarterly survey found.
“Despite the fact there’s mixed signals and we keep hearing about slowdown in China, the U.S. seems to be on a good path. I think that’s helping,” said Pedro Antunes, a senior forecaster with the Board.
The Conference Board expects the Canadian economy to expand by about 2.2 per cent in the last half of 2013, with growth for the entire year coming in at about 1.7 per cent, on pace with last year.