Market Commentary
Economic Note April 29, 2014
April 29, 2014 | Posted by: Francine Tracey
Ottawa appears closer than previously thought to balance its budget, thanks to signs of an improving
U.S. and global economies, and ongoing government spending restraints
In its latest economic and fiscal outlook, the Parliamentary Budget Office acknowledged Monday that last
year’s economic growth of two per cent was 0.4 points higher than its projections. It now expects a gross domestic product to expand by 2.1 per cent in 2014 and 2.7 per cent the year after that, they remain above its potential growth rate well into 2018.