Prospects for Canada to end-2021

Subject

Prospects for Canada to end-2021.

Significance

As Canada prepares for a widely expected federal election later this year, a severe third wave of COVID-19 is receding across the country. As restrictions are lifted, a wave of consumer spending will buoy the economy through the rest of 2021. An economic boom is expected, although rising inflation and the potential for early interest rate rises by the Bank of Canada pose economic challenges for the future.