Canadian economy will slow down just behing U.S.

(June 23 – 09:40 ET ) – The Royal Bank’s chief economist is predicting a soft landing for the economy including low inflation, tax cuts and reduced unemployment.

Canada will manage 4.5% GDP growth this year, says RBC, just behind the U.S. at 4.7%. “A soft landing for the economy in the U.S. is good news because it will allow Canadian growth to continue at a healthy, sustainable level,” said Royal Bank chief economist John McCallum. “Alongside stable economic growth, we have a strengthening global economy and low inflation – a recipe for a strengthening Canadian dollar.”