Canada Can Expect Growth


    Canadian economic growth is expected to improve in 2014 relative to the lacklustre pace of 2013, says Russell Investments’ ‘2014 Global Annual Outlook.’ However, the outlook is less optimistic about the impact a strengthening U.S. economy may have on domestic fundamentals in the coming year. While a forecasted U.S. growth rate of 2.9 per cent would naturally lead to a more positive outlook for the Canadian economy, trends such as U.S. onshoring of higher-end manufacturing and greater energy independence, will weigh on momentum on this side of the border, says Shailesh Kshatriya, associate director with the Canadian strategy group at Russell Investments Canada.