GDP Update for Canada and the U.S.

Paul Vieira wrote a recent article that discusses the results of the GDP reports for North America. The data showed that the US has slowed to its “weakest three-month growth in a year”. Although the real estate market may have slumped slightly in Canada, oil and gas extraction has helped balance out the effects. Interest rates have increased and the governments have backed off from more intensive stimuli so now the question becomes whether or not the GDP growth we have seen will continue at the same pace. Compared to the US and Europe, Canada is still ahead of the game but it is a continual challenge, in these fluctuating economic conditions, to achieve the optimal balance of control while ensuring the economy stays afloat throughout the financial uncertainties.