Tag Archive: Bank of Canada

Economic outlook says Canada among leaders in post-pandemic recovery

June 25, 2021

In a recent economic outlook report co-authored by Bank of Canada Governor David Dodge, Canada’s economy is projected to strongly rebound this year as COVID-19 vaccination rates rise and things return to more pre-pandemic conditions, with growth easing slowly between now and the end of 2023.

Dodge says that he expects growth to accelerate in the second half of 2021, with real GDP growing 5.5 per cent between the fourth quarter of 2020 and the fourth quarter of 2021. For 2022, the outlook is for 2.6 per cent during 2022 and 1. 9 per cent during 2023.

Economic output should return to its pre-pandemic level by the third quarter of 2021 and back to its pre-pandemic trend level by the end of 2022.

With all of this having been said and Canada’s economy on the rebound, now is an excellent time to consider immigrating to Canada. If you have not already had your eligibility to immigrate to Canada assessed free of charge by Abrams & Krochak, you may do so by visiting https://www.akcanada.com/assessment1.php. If you have already had your eligibility to immigrate to Canada favourably assessed by Abrams & Krochak and wish to proceed with your proposed Canadian Immigration plans, follow the instructions at the bottom of the favourable eligibility assessment that you received, via e-mail, from the firm or send a message to askus@akcanada.com.