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Economic Viewpoint

Canada: Consumers Remain the Cornerstone of Growth

April 10, 2017
François Dupuis, Vice-President and Chief Economist • Benoit P. Durocher, Senior Economist

The combination of several favourable factors seems to be driving recent advances in household consumption spending. Despite the presence of certain risks, households’ contribution to economic growth should therefore remain fairly high in the next few quarters. We do, however, expect households to run out of steam in mid-2017 when some positive factors could start to dissipate.

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