Uncertainty from the US election and a rise in anti-trade rhetoric were cited as reasons for the slow export growth, reduced business investments and increased inflation we can expect for Canada in 2017, according to Smith School of Business experts.

Evan Dudley (Finance) made his predictions for the 2017 Canadian economy at the annual Queen카지노 게임 컬렉션�s Smith Business Forecast Luncheon held last week in Kingston.

카지노 게임 컬렉션�It카지노 게임 컬렉션�s not just Donald Trump and the challenges ahead for Canada-US relations that should concern us,카지노 게임 컬렉션� Dr. Dudley says. 카지노 게임 컬렉션�The world is shifting towards greater protectionism 카지노 게임 컬렉션� in the last six months alone, 145 new trade restrictions were imposed globally.카지노 게임 컬렉션�

Slow export growth, reduced business investments, and trade uncertainty will constrain output for Canada, he says. The coming year may see marginal growth in Canada카지노 게임 컬렉션�s real GDP, up 1.75 per cent from 1.40 per cent in 2016.  As well, persistent low oil prices and the difference in monetary policies between the U.S. and Canada will keep the value of the loonie down, with the Canada/US exchange rate holding at $0.75 USD, Dr. Dudley predicted.

Trade restrictions and expansionary fiscal policy on both sides of the border will push prices higher in the near term, with inflation expected to rise to 1.75 per cent from 1.5 per cent in 2016. The Canadian unemployment rate will remain around 7 per cent due to uncertainty about US economic policies under the Trump administration and low business spending in Canada.

Dr. Dudley카지노 게임 컬렉션�s forecast was not all doom and gloom, however, with strong growth projected for Kingston카지노 게임 컬렉션�s local economy.

The event closed with a panel discussion on 카지노 게임 컬렉션�Creating the Conditions for Local Economic Growth,카지노 게임 컬렉션� moderated by the Smith School of Business카지노 게임 컬렉션� Ken Wong (Marketing). Panel members included Mayor Bryan Paterson and Councillor Laura Turner.

Wong emphasized the need to 카지노 게임 컬렉션�broaden the tax base, foster more population growth, and, most of all, increase private sector investment.카지노 게임 컬렉션� Ms. Turner spoke to the city카지노 게임 컬렉션�s strengths as a tourist destination, noting the benefits of the low Canadian dollar in attracting US visitors.

Mayor Paterson said 카지노 게임 컬렉션�2016 has been a great year카지노 게임 컬렉션� for Kingston, citing recent multi-million dollar investments in the city from Feihe International, a China-based manufacturer of infant formula, and Portuguese food processor Frulact Group. The goal, the mayor explained, is 카지노 게임 컬렉션�branding Kingston as a city of entrepreneurship and innovation and working together to grow the city.카지노 게임 컬렉션�

Dr. Dudley shared the mayor카지노 게임 컬렉션�s optimism for Kingston looking forward, citing two expansion projects 카지노 게임 컬렉션� Providence Care ($300 million) and the municipal airport ($16 million) 카지노 게임 컬렉션� and the new Dunin-Deshpande Innovation Centre at Queen카지노 게임 컬렉션�s, as initiatives that will help spark growth in the city.

In addition to the forecast and panel discussion, attendees were treated to a non-traditional take on investment strategy from Blair Robertson (Finance) and a brief history of the forecast luncheon from the event카지노 게임 컬렉션�s founder Merv Daub, the Smith professor emeritus who established the luncheon 35 years ago to forge a connection between the school and the greater Kingston business community.