Canada's 2020 outlook

Learn what asset managers think will happen next year

Ruth Saldanha 31 December, 2019 | 1:11AM

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Vanguard Canada
Canada a bright spot among developed economies

For 2020, Vanguard forecasts continued slowdown in global growth – except for Canada. Vanguard sees Canada as a bright spot among developed economies, with a growth forecast at 1.6%. The Eurozone and U.S. growth forecast are both at 1.0%, while China is at 5.8%.

“Investors should prepare for a lower-return environment over the next decade, with periods of market volatility in the near-term. We expect uncertainty stemming from geopolitics, policymaking, and trade tensions to undermine global growth over the coming year,” said Todd Schlanger, senior investment strategist at Vanguard Canada. “For Canada, the picture is slightly rosier, with a resilient labour market and robust wage growth leading to growth levels stronger than most developed economies in 2020, with a slight improvement over 2019.”

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca