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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.
THE REAL ECONOMY |
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.
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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.
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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 https://rsmcanada.com/our-insights/the-real-economy/the-real-economy-canada-summer-2021.html.
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