July 27, 2012

VIDEO: Six factors affecting economic growth in Canada

The Canadian economy is anticipated to grow by only two per cent this year, rather than four per cent.

Alex Carrick, chief economist of Reed Construction Data — CanaData, explains why.

Carrick explains how inflation, the merchandise trade balance, commodity prices, foreign exchange rates, foreign inflow of capital and government spending influence economic growth, housing prices, consumer spending and interest rates.

For more analysis on the economy and construction, please watch the video and see the following articles by Carrick:

Under-siege central bankers around the world are doing what it takes

The capacity utilization rate in Canada is on the mend

Three pivot points for the world economy — U.S. housing, Europe’s conundrum and oil prices

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