TEC Canada is pleased to provide the Andersen Monthly Economic Report exclusively to our members to offer professional updates on the current economic environment in Canada, the USA, and globally. As the former assistant chief of the Bank of Canada’s research department, Dr. Peter Andersen provides valuable economic insight to help you make better business decisions.
October 2024 PREVIEW:
Canada | High Interest Rates | Weak Housing Market | Reliance on Public Sector Growth
United States | Steady Growth | Confident Consumers | Low Layoffs
The U.S. economy is continuing to grow steadily, with a projected 3.1% growth in Q3. Consumers are spending confidently, layoffs are low, and job openings outnumber the unemployed. The U.S. can expect lower interest rates to boost up sales such as car sales, meeting pent-up demand.
Commodities | Shift to Domestic Products | Rising Cost Concerns | Supply Chain Adjustments
Excited to dive into the full October 2024 Andersen Economic Report? As a valued member of TEC Canada, you can access the complete report under the ‘Resources’ section of the TEC Canada App!
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