Canadian Economic Momentum to Increase in 2019, RBC Economist Desjardins

The video discusses the Canadian economy's performance, highlighting disappointing capital investment and consumption activity. Despite a strong labor market, interest rate hikes have made consumers cautious. Oil production cuts and strikes have further dampened growth. The Bank of Canada acknowledges these factors but remains optimistic about future momentum. Business investment and exports are potential growth drivers, while the Canadian dollar's trajectory depends on various factors. Overall, the economy is expected to improve in the latter half of the year.

What was one surprising factor about the economic numbers despite a strong labor force?

• Rising unemployment

• Increased oil production

• Weak consumption activity

• High wage growth

What was one reason for the Bank of Canada's pause on interest rates in 2019?

• Strong economic growth

• Production cuts in the oil sector

• High inflation rates

• Increased consumer spending

Which sector was expected to drive economic recovery in the second half of the year?

• Retail sector

• Energy sector

• Manufacturing sector

• Agricultural sector

What was a significant challenge for the Canadian economy in terms of capital spending?

• Surge in export demand

• Increased government spending

• Decline in non-residential capital spending

• Rise in residential investment

How did the Canadian dollar react to the economic news?

• It sold off

• It remained stable

• It appreciated significantly

• It surged to new highs

What is one factor that could help the Canadian consumer sector in the future?

• Declining wage growth

• Rising unemployment

• Decreasing interest rates

• Strong labor market

What is the anticipated impact of external demand on the Canadian economy?

• It will decrease economic growth

• It will have no effect

• It will support economic recovery

• It will lead to higher inflation