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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.

 

7 Master Bedroom Staging Ideas

As you most likely know, staging involves setting up the furniture, art and accessories of each room to help make your home look as appealing as possible to potential buyers. It’s similar to what furniture stores do when they create displays of model bedrooms, kitchens, etc. When you’re staging your home, ...

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Let the Light Shine In: Home Lighting for Health

Recently, researchers discovered that the lighting in your home can have a much greater impact on your health and well-being than originally thought. Better lighting can boost your energy, increase alertness, and help you sleep better. So, it pays to ensure the lighting in your home is optimal. Here are three ...

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Starting a Backyard Garden

Not every homeowner is willing or able to dedicate backyard space to a big garden, but the size of your garden shouldn’t deter you from looking into options for a very rewarding hobby. Whether through simply growing a few herbs or flowers in containers, or by tilling a plot for bountiful ...

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Selling Your Home When You’re “Crazy-Busy”

Let’s face it. We all get busy at times. Sometimes we get “crazy-busy.” The trouble is, if you’re thinking of selling your property, having a jam-packed schedule might make you want to put off listing until a later date. And, who knows what the market will be like later in the ...

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