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The Canadian economy outpaced its potential in the second quarter of 2017 and is on course for GDP growth of 3.1% for the full year according to RBC Economics.

The momentum is being driven by consumer spending, business investment and government spending.

“Canada’s economy continues to hit it out of the park,” said Craig Wright, senior vice-president and chief economist at RBC. “For the fourth consecutive quarter, we’ve seen above-potential growth, and despite the cooling of the housing market and uncertainly around NAFTA, we expect the momentum to carry through to the end of the year.”

The bank is expecting 2.2% GDP growth in 2018.

The RBC Economic Outlook sees a rebound for Alberta to lead provincial growth with GDP up 4.2%. Quebec will gain 2.8%, its strongest rate for 15 years.

 

Start the Home Selling Process this Month

If you’re thinking about selling in the spring, don’t wait until the new year to start planning. In fact, you’ll save yourself a lot of work and get ahead of the game if you start planning now. What’s that old saying? The early bird gets the worm! In this case, by ...

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What to Look for When Watching a Walk-Through Video

When you’re shopping for a new home, you want to get the most out of watching this type of video, especially if you’re relying on it to help you decide whether or not to make a viewing appointment.Consider these suggestions:• Remember, it’s a video. Take advantage of the ability to ...

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Tips for “After Dusk” Viewing Appointments

When you’re selling your property, you want buyers to see it at its best. But, a percentage of potential buyers will only be able to see your home in the evening. If it’s getting dark by the time they arrive, your home may not look as good as it does ...

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How to Sweeten an Offer without Raising the Price

If you’re making an offer on a property, obviously the price you go in at plays a big role in whether or not you get that home. That’s especially true when there are other competing offers. However, while the price is important, it’s not the only factor. There are other ...

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