Inaugural report shows a slower rate of growth in Canada for the rest of 2019
TORONTO, April 15, 2019 /CNW/ - RSM Canada ("RSM"), the leading global provider of audit, tax and consulting services focused on middle market businesses, today launched The Real Economy, Canada, a quarterly publication dedicated to providing Canadian businesses with necessary economic analysis and insights into what is driving growth in Canada's middle market and long-term investments that underscore the direction of growth, productivity and living standards in Canada.
In today's inaugural report, RSM Canada predicts that, after two years of steady economic growth, Canada can anticipate a modestly slower rate of growth near 1.8 per cent (down from 2 per cent in 2018). Looking ahead, the primary drivers of growth in 2019 will be modest consumer spending, government expenditures, and an economy bolstered by an increase in business investment. Click here to download the report.
Each edition of The Real Economy, Canada will put the Canadian economy under the microscope and provide insight into key economic drivers, including inflation, interest rates, debt holdings and government policy, as well as an overview of important industry sectors. The first edition includes in-depth insights from RSM Chief Economist Joseph Brusuelas on the primary drivers of growth in 2019 and his predictions on how the Bank of Canada will set interest rates in response to the slowdown in global economic activity.
"RSM Canada defines 'the real economy' as the segment of the economy that produces the goods and services we rely on every day, just as Canadians and Canadian companies rely on the services of our clients on a daily basis," says Harry Blum, national managing partner, RSM Canada. "Our goal with The Real Economy, Canada is to shine a light on the unique needs and opportunities of this important driver of Canada's economy and create a clear picture of the notable economic trends and issues facing Canadian business and the industries in which they operate."
"The launch of this new quarterly publication is part of RSM Canada's commitment to expand its services to reach more middle market businesses across Canada and keep clients informed," said Alex Kotsopoulos, national government, health care and education industry leader, RSM Canada. "Resources like The Real Economy, Canada will help guide our clients that are operating in a seemingly unpredictable economic environment, giving them the knowledge they need to be successful in today's economy."
In conjunction with launch of The Real Economy, Canada, RSM also unveiled the RSM Canada Financial Conditions Index (FCI), an in-depth quarterly assessment of the Canadian financial markets that provides RSM's clients and Canadians with a thorough background on Canadian economic financial conditions. The index measures market risk and accommodation as a proxy for lending and borrowing attitudes in Canada. The Canada FCI is an equally weighted composite index of the performance of four asset markets: money, bonds, equities and commodities.
RSM's purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today's ever-changing business environment.
RSM Canada LLP provides public accounting services and is the Canadian member firm of RSM International, a global network of independent audit, tax and consulting firms with more than 41,000 people in 116 countries. RSM Alberta LLP is a limited liability partnership and independent legal entity that provides public accounting services. RSM Canada Consulting LP provides consulting services and is an affiliate of RSM US LLP, a member firm of RSM International. For more information visit rsmcanada.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.
SOURCE RSM Canada
For further information: Media contact: Charles Muggeridge, FleishmanHillard, 416-720-4741, Charles.Muggeridge@Fleishman.ca