Canada’s Strong Manufacturing Performance
The RBC Purchasing Managers Index shows that Canadian factory orders rose in June, inching up to 54.8- its highest level since last September. The report found that both output and new orders rose strongly in June, even with the ongoing eurozone crisis’ dampening effects on the global economy. Manufacturing employment increased for the fifth successive month, […]
Canada Needs to Grow Through Innovation in Global Economy
In his recent article, Craig Alexander, the senior Vice President and chief economist for TD Bank Group, voiced his concern about Canada’s slow growth as it struggles with artifacts from the recent financial crisis, unsustainable fiscal balances, and aging populations. The Canadian government is actively seeking out global free-trade agreements, such as the Trans-Pacific Partnership, to […]