•  
  • New York 08:34
  • London 12:34
  • Barcelona 13:34
  • Tokyo 21:34
  • Sydney 23:34

  • SignUp | Login

Weekly Economic Letter

Provincial update: Quebec and Ontario

Tue, Dec 16 2008, 06:39 GMT
by Economic and Strategy Team

National Bank of Canada  |  View company's profile


Vote:

0

0

Highlights

  • Quebec and Ontario account for three-quarters of Canadian manufacturing, a sector that has been hard hit by the U.S. recession.

  • Buoyant domestic demand along with well-filled order books in the aeronautics sector is likely to help the Quebec economy sidestep a severe recession. However, a technical recession is still a possibility. The economy should grow by 0.7% in 2008 and 0.2% in 2009.

  • Because of the marked weakness of the external sector, the strength of domestic demand, which finally is not far off its Quebec counterpart, will not be enough to prevent a drop in Ontario’s real GDP in 2009, estimated at 0.8%. The economy should barely grow at all in 2008.

Published on  Tue, Dec 16 2008, 06:45 GMT


National Bank of Canada http://www.nbc.ca/ | info@nbc.ca

Archive


Legal disclaimer and risk disclosure

This presentation may contain certain forward-looking statements about the 2009 Economic and Financial Outlook. Such statements are subject to risk and uncertainties. Actual results may differ materially due to a variety of factors, including legislative or regulatory developments, competition, technological change and economic conditions in Canada, North America or internationally. These and other factors should be considered carefully and readers should not rely unduly on National Bank of Canada’s forward-looking statements. This presentation may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever, nor may the information, opinions or conclusions contained in it be referred to without in each case the prior express consent of National Bank.
Vote:

0

0

Related reports

President Obama cancels Asia/Pacific trip to try and push through his healthcare bill by Mizuho Corporate Bank
Fri, Mar 19 2010, 07:37 GMT

Canada: Foreigners' insatiable appetite for securities by National Bank of Canada
Thu, Mar 18 2010, 19:44 GMT

Canada: Manufacturing labour productivity has a long way to go by National Bank of Canada
Wed, Mar 17 2010, 14:26 GMT

US Industrial production unexpectedly rose in February by Union Bank of California
Wed, Mar 17 2010, 05:53 GMT

Canada: Factory sales jumped 2.4% in January by National Bank of Canada
Tue, Mar 16 2010, 15:00 GMT

demand, industrialproduction, ontario, canada, quebec

[ View All ]

Related content


Interested in forex trading? forex brokerage firms!


Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
Forex Club Financial Company
Contact the broker/FDM
Open a demo account		FXDD
Contact the broker/FDM
Open a demo account		M I G BANK
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.