Cardinal Quarterly – July 2017
MARKET OUTLOOK – The global economy continued to strengthen in the second quarter with Canada’s GDP leading the pack at 3.7%. The Canadian economy has been boosted by continued strength in the housing market, the weak Loonie, and decent economic growth in the U.S. The long-struggling European economy has also been showing signs of life after consistently weak growth for most of the past decade. Sooner or later, improving growth in the global economy will lead to higher inflation, which is causing most central banks to reconsider their loose monetary policies.
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