Business Opportunity

Canada’s economy will see 3.2% growth this year

Canada's economy will grow by 3.2 per cent this year, helped by high commodity prices and a continued recovery in the United States, according to the latest outlook from RBC Economics.

It expects gross domestic product will grow at a respectable 3.1 per cent pace in 2012.

“Strong demand for commodities and a revival in U.S. demand for autos will drive healthy gains in exports — at an average of nine per cent per annum for the next two years,” RBC chief economist Craig Wright said in a report released Thursday.