Canada / Why its economy is in trouble

Analysts are beginning to raise concerns about Canada’s near-term economic growth. The nation’s central bank is holding the overnight rate at 1% and will likely maintain this level for some time to come.

Toronto Star: – The [central] bank’s current stance reflects the weak performance of the economy in the last months of 2012. Canada’s gross domestic product (GDP), which measures total output of goods and services, grew by a meagre 0.6 per cent on an annual basis in the final three months of last year. For 2012 as a whole, Canada’s economy recorded growth of 1.8 per cent, down from 2.6 per cent in 2011.

Chosen excerpts by Job Market Monitor 

via Sober Look: Why Canada’s economy is in trouble.