Your Business News
The Real Economy, Canada: Volume 6
July 14, 2020
Authored by RSM Canada LLP
Kirby W. Houle, CPA, CA, shared this article
THE REAL ECONOMY |
Amid worldwide decreases in demand and investments, Canada’s external sector is taking a beating with a significant decrease in exports and a slightly smaller decrease in imports. While the Bank of Canada can provide stability for the financial system through monetary policy and fund fiscal stimulus programs, it can’t reverse the supply shock that has morphed into worldwide demand shock.
Also included in this issue: The case for high frequency data as it presents a clearer snapshot of the economic picture, why boosting the energy sector is vital to Canada’s economic recovery and how middle market companies can address digital vulnerabilities that have been underscored by COVID-19.
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Source: RSM Canada
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