(November 17 – 10:15 ET) –
The latest report from the
Conference Board of Canada is
bullish on the global economy,
and on Canada as a consequence.
Economic prospects are looking
good around the world, the report
says, a condition the board sees
as directly positive for Canada
itself, and vicariously positive
via its support for Canada’s
biggest trading partner, the U.S.
It also professes minimal inflation
concerns, noting that interest
rates should nudge higher in the
short term.
The board sees U.S. growth
slowing in coming months, but
maintains that it will still be a
rich market for Canadian firms.
The recovery in most of Asia should
also benefit Canadian exporters.
The board is not, however,
expecting Japan to participate
too actively in the recovery. This
stands in opposition to the
findings of the Organization for
Economic Co-Operation and
Development, which says Japan’s
economy is expected to pick up in
2000, driving the world economy
higher.
The board expects to see
European growth accelerating, with
the United Kingdom exceeding
previous expectations.
As for South America, the
Conference Board expects “imminent
recovery,” showing some gains in
2000.
IE Staff
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