Is It a Good Idea to Diversify Your Financial Portfolio into Canada as Well?
The Canadian economy has turned the corner, driven in large part by an increase in business investment, gains in household wealth, and expansionary prospects vis-à-vis fiscal policy. The Canadian economy is heavily reliant on commodity prices, and a turnaround in the price of crude oil, gold, iron ore, and related commodities is helping to boost Canadian GDP. The Bank of Canada (BOC) expects inflation to surpass the 2% benchmark which may help your financial portfolio. Wage growth is increasing in Canada, and this bodes well for clearing excess capacity currently in the market. The Government of Canada is working hard …