Print World News
17 March 2010
Print World well timed for economic rebound
Print World 2010 is well positioned for economic growth and capital renewal, with many favourable factors coming into play. New harmonized sales taxes (e.g. in Ontario as of July 2010) reduce business taxes. A stronger Canadian dollar versus historical levels reduces cost of imported machinery. Improved economic conditions and growing population lead to increased demand. Fourth-quarter 2010 growth is predicted to answer pent-up demand. And continued advances in print technology create the need to stay competitive.
“Investment per worker in Canada for 2010 should surpass that in other G7 and OECD countries…”
C.D. Howe Institute, Montreal
“Following a deep recession in both Canada and the U.S. in 2009, the following year is expected to mark the first leg of the recovery phase… The economic recovery gains speed in 2011 and 2012 with quarterly annualized growth rates of close to 4% in Canada and the U.S.”
TD Bank Financial Group, TD Economics
Forecast Growth Rates. 2010-2012
Canada (percentages)
Source: TD Economics
Annual and Q4 vs Q4
|
'10F |
'11F |
'10 Q4 |
'11 Q4 |
Real GDP |
3.1 |
2.9 |
3.5 |
2.8 |
All Business Investment |
-1.3 |
8.4 |
3.1 |
9.9 |
Machinery & Equipment |
1.1 |
9.9 |
4.0 |
11.5 |