The Royal Bank of Canada polls Canadian consumers regularly. Today, the results for the most recent poll were released. We’ve heard a lot in the news that the economy is getting better, but there’s been debate over whether it actually is improving, or whether people are just being optimistic. According to the Canadian Consumer Outlook, sixty-two percent of Canadians are expecting the economy to improve over the next year.
“Recovery is in sight for the world economy,” said Dawn Desjardins, assistant chief economist, RBC. “We’re off to a slow start but the economy will start to build steam and unemployment will reach its peak early next year and then fall off.”
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