() Economic increase in Canada is expected to slow somewhat, as the oil price plunge will negatively impact investment but boost consumption somewhat. A new trade agreement between the EU and Canada may boost exports going forward.
Sourced through Scoop.it from: globserver.cn
The Canadian economy grew by a solid 2.5% in 2014, but increase is expected to slow to around 2% in 2015 (figure 1). This increase is likely to be driven by external request and private consumption. As the Canadian dollar has depreciated against the US dollar amidst a fall in oil prices (figure 2), the competitiveness of the non-oil sector has improved.