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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.

 

Inspect your House & Property

It is advisable to do a thorough visual inspection of your home’s exterior, as well as any fences, sheds and other secondary buildings on your property, at least once or twice a year. Now, more than ever, extreme and unexpected weather events happen with greater severity and less predictable outcomes.So, ...

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What Buyers Want to See when They Walk into a Room

When buyers view your property, they’re likely to visit each room and look around. Their imagination is turned on high. Often, within just a few moments in a space, they’ll form an impression — ideally, a positive one! So, how do you ensure each room shows well? Here’s what buyers want ...

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Should You Get a Major Improvement Done before Selling?

There’s no doubt about it. The more “move in” ready your property is, the more attractive it will be to buyers. There is always an advantage when buyers can imagine living in the home without having to make any major repairs or improvements — at least for the short term. But, ...

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Scams Are on the Rise

The more consumers increase their use of online shopping using a variety of sites and payment methods, the more susceptible they become to fraud, including false threats or enticements from scammers posing as retail, bank and credit card companies. With personal profiles being shared more frequently, it stands to reason that ...

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