It is the first day of Fall but the economic outlook of Canada as well as interest rates are on the rise! For a country wracked by lower commodity prices such as oil and associated revenue fallout, the final budgetary position for 2016-17 was a fair bit better than originally expected.
While the National Bank Financial Economics (NBFE) release is something of a rear-view mirror, we can’t help thinking about current/future year fiscal prospects. Canada’s robust 2017 expansion means more good news is on the way.
Enjoy the entire NBFE report HERE: