5 Things to Expect From the Canadian Economy this Year

By Yetun February 24, 2017 Business and the Economy No Comments

2. OIL PRICES INCREASING

There was a time–not too long when a barrel of crude went for over US$100 but it is currently under US$30. This has affected the economy in a negative way, obviously: jobs have been reduced in the sector and billions of stocks lost.

3. HIGHER LOONIE

Even though the Loonie went through the ringer last year, it was one of the best performing currencies surpassing the Japanese Yen, the Franc, Euro and even the Pound! This year, the Loonie will do better according to economists.

4. TRADE IS PICKING UP

According to Statistics Canada, there has been surplus in trade. This has not been the case November two years ago. This surplus comes in the amount of $526M from exports!

5. TSX CLIMBING

The TSX was at 15,685 last week. This is pretty good for a country like Canada. Economists and investors are hopeful.