Canada is poised to benefit. While Canada's domestic economy is softening, the U.S. revival, together with sustained forays into fast-growing emerging markets and a slightly softer loonie will lift Canadian GDP growth to 2 per cent this year and 2.2 per cent next. The Canadian dollar is forecast to dip from parity this year to 97 US cents in 2013 as commodity prices weaken over the same period."The timing is good for Canadian exporters. The rest of the economy will be looking to exporters for growth, as Canada bumps up against internal weakness. Consumers are overstretched, running up debts to historic heights during the recession years, government spending is in retreat, and unlike the U.S., Canada's housing markets are oversupplied."
Canada And World Pulled Back Into Growth By Recovering U.S. Private Sector: EDC Forecast
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