Economic opinions about the future vary
Posted Jul 2, 2010 9:53 am.
This article is more than 5 years old.
A new RBC poll has found that economic optimism in Canada is on the rise, with 67 per cent of people now describing the economy as good.
That’s up from 54 per cent in the last quarter.
Job anxiety numbers are also on the wane, however 20 per cent remain concerned about keeping or finding work.
The latest unemployment numbers south of the border were released today.
America’s jobless rate has dropped to 9.5 per cent, the lowest level in almost a year.
However, the big reason why the number is down is because more people simply gave up looking for work and they are not counted as unemployed.
Meanwhile, talk of a double dip recession in the U.S. continues to grow.
A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession
BMO Capital Deputy Chief Economist Doug Porter tells 660News he doubts the U.S. economy is going to slide back into recession, but he says future growth is going to be anything but stellar.
Porter says with goverment stimulus spending winding down everybody is looking to the private sector to take over and it looks like that isn’t going to happen for a little while yet.
