Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Canada Ahead Against G7: IMF Economic Growth Estimate for 2017


October, 12 2017

The Canadian economic growth increased the estimated value until next year of the  International Monetary Fund. It was placed in a higher ranking amongst developed countries.


The projected value of the country’s Gross Domestic Product for this year is 3.0 percent which is half a percent higher than the prediction in July. This makes Canada be on top of other advanced seven nations with the United States ranks at 2.2 percent growth since last year.  


The figures from the IMF were similar to the quotation issued in the previous month by the Organisation for Economic Co-operation and Development and assumed that the country would lead the G7 countries for 2017.


It was said that the reason for an increase in growth was the drop in oil and gas prices and further supported by the government and the central bank policies. For next year, the Canada is anticipated to move at a slower rate with an estimated figure of 2.1 percent growth year-on-year in 2018. Yet, this is still higher than 0.2 percent than the IMF July update and second-highest among the G7 with the United States at 2.3 percent.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.