Your Business News

The Real Economy, Canada: Summer 2021

July 19, 2021

Authored by RSM Canada LLP

Ian L. FitzPatrick, CPA, CA, CBV shared this article

Archived Article Please note that this article is reflective of the relevant legislation, regulations, and information at the time of publishing and does not contemplate any changes that have occurred since that time.


Authored by RSM Canada

The RSM Financial Conditions Index (a composite of stress factors in Canada’s equity, bond, commodity and money markets), continues to point to economic recovery as the pandemic abates with the broader North American economy on the verge of a great expansion.

Also in this issue: North American housing markets remain bullish, electric vehicles represent a significant change in the way Canada manufactures vehicles, and how Vancouver and Toronto have defied the pandemic and trade wars.

Subscribe to The Real Economy to stay informed about notable economic trends. Read the press release to learn more.

Download report

Key takeaways from The Real Economy, Canada: Summer 2021

  • President Biden’s new U.S. industrial policy points to deepening trade frictions between Canada and the U.S., while stagnant business investment poses problems for long-term economic development.
  • Total business investment remains over 14 per cent below pre-COVID levels, which could signal trouble for Canada’s long-term economic development.
  • Digital transformation has significant benefits for not-for-profits, particularly those seeking to grow the size and level of engagement of their donor base.

Let's Talk!

Call us at 1 855 363 3526 or fill out the form below and we'll contact you to discuss your specific situation.

  • Topic Name:
  • Should be Empty:

This article was written by Joe Brusuelas, Alex Kotsopoulos, Troy Merkel, Grand Lui, Terry Booth, Otto Cheung, Joan Valente, Ron Browning and originally appeared on 2021-07-19 RSM Canada, and is available online at

RSM Canada Alliance provides its members with access to resources of RSM Canada Operations ULC, RSM Canada LLP and certain of their affiliates (“RSM Canada”). RSM Canada Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each are separate and independent from RSM Canada. RSM Canada LLP is the Canadian member firm of RSM International, a global network of independent audit, tax and consulting firms. Members of RSM Canada Alliance have access to RSM International resources through RSM Canada but are not member firms of RSM International. Visit for more information regarding RSM Canada and RSM International. The RSM trademark is used under license by RSM Canada. RSM Canada Alliance products and services are proprietary to RSM Canada.

FCR a proud member of RSM Canada Alliance, a premier affiliation of independent accounting and consulting firms across North America. RSM Canada Alliance provides our firm with access to resources of RSM, the leading provider of audit, tax and consulting services focused on the middle market. RSM Canada LLP is a licensed CPA firm and the Canadian member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.

Our membership in RSM Canada Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources.

For more information on how FCR can assist you, please call us at 1 855 363 3526

Important Notice:

FCR will now redirect you to CCH Portal where your FCR Client Portal login is located.

Share This