Canada카지노 게임 컬렉션�s surprisingly hot economy will cool slightly in 2018 as the Bank of Canada looks to ease growth and avoid high inflation. But potential for a long and messy U.S. withdrawal from NAFTA could get in the way of continued good times.

That카지노 게임 컬렉션�s the prognosis Evan Dudley, Assistant Professor of Finance at Smith School of Business, delivered during the school카지노 게임 컬렉션�s annual Business Forecast Luncheon, at Four Points by Sheraton Kingston on Thursday, Dec. 7.

카지노 게임 컬렉션�The Canadian economy is doing really well. Growth has come in above everyone카지노 게임 컬렉션�s expectations,카지노 게임 컬렉션� Dr. Dudley says, citing strong manufacturing, rising exports and renewed stability in the oil sector, after prices collapsed in 2016, as key contributors to the surge.

Real gross domestic product of 2.9 per cent nationally this year will slow to two per cent in 2018.

Dr. Dudley anticipates the central bank will raise interest rates twice in the year ahead to give the economy a 카지노 게임 컬렉션�soft landing.카지노 게임 컬렉션�

Canada카지노 게임 컬렉션�s unemployment rate, which stood at 5.9 per cent in October, will remain low at six per cent in the coming year.

Inflation will be stable at 1.6 per cent, up from 1.4 per cent this year, thanks in part to low wage-hike pressures.

But NAFTA could throw a wrench into the nation카지노 게임 컬렉션�s economic gears. Should President Donald Trump signal that he wants out of the pact, NAFTA would effectively become a 카지노 게임 컬렉션�zombie카지노 게임 컬렉션� trade agreement 카지노 게임 컬렉션� not dead, but not quite living either, Dr. Dudley explains. The reason: it카지노 게임 컬렉션�s up to Congress, not Trump, to formally withdraw from NAFTA, and in the wake of a Trump declaration, pro- and anti-NAFTA lawmakers would face off in a long and heated battle.

카지노 게임 컬렉션�NAFTA would still be in place but companies exporting to the (U.S.) would put their capital investments on hold. They would not be able to make plans, and there would be a lot of uncertainty,카지노 게임 컬렉션� Dr. Dudley says.

Smith카지노 게임 컬렉션�s Business Forecast Luncheon drew more than 200 of Kingston카지노 게임 컬렉션�s business and government leaders. Speakers included Julian Barling, Professor of Organizational Behaviour and Borden Chair of Leadership at Smith, and Betsy Donald, Professor in the Department of Geography and Planning at Queen카지노 게임 컬렉션�s.

Dr. Donald weighed in on efforts to diversify the Kingston economy and attract more private-sector jobs. She pointed to several successes in recent years: Frulact Group, a Portuguese fruit processor, which has opened a plant; and the Chinese dairy processor Feihe International, setting up an infant formula-making facility here.

The city카지노 게임 컬렉션�s investment in its bus system has also paid off, she adds. Census data shows Kingston had the highest increase in public transit ridership in Canada: up 33 per cent from 2011 to 2016.

카지노 게임 컬렉션�I think Kingston is in a good position right now. The city has a newfound confidence,카지노 게임 컬렉션� Dr. Donald says.

Kingston카지노 게임 컬렉션�s downtown also holds potential, with people still choosing to live in the core.

카지노 게임 컬렉션�Other cities of our size are seeing their downtowns hollow out,카지노 게임 컬렉션� she explains. 카지노 게임 컬렉션�Our downtown is a golden asset. It카지노 게임 컬렉션�s a walkable heritage asset on the waterfront.카지노 게임 컬렉션�

Kingston카지노 게임 컬렉션�s economy is enjoying good times mostly because the Ontario economy has done well, Dr. Dudley says. GDP in the Kingston census metropolitan area rose 1.8 per cent this year. Given Kingston카지노 게임 컬렉션�s reliance on government, education and healthcare jobs, it카지노 게임 컬렉션�s no surprise that figure is lower than the provincial average of 2.9 per cent GDP growth and also less than manufacturing cities, such as Oshawa and Windsor, which both saw 2.5 per cent gains.

카지노 게임 컬렉션�Kingston doesn카지노 게임 컬렉션�t see big surges in economic growth, but we don카지노 게임 컬렉션�t see big declines either,카지노 게임 컬렉션� he says.

However, overall job growth in Kingston has been strong. Dr. Dudley points to RBC Economics Research data that ranked Kingston fourth out of 27 cities across Canada for job growth, with a 3.7 per cent gain here during the 12-month period to October.