Business and commercial: Chart conveys economic outlook for 2020

Each year a well-known and well-respected Canadian news magazine puts together an economic chart highlighting various facets of business such as real estate, the GDP and the trade sector. It also speaks to the general business and commercial climate of Canada and what to watch for in particular moving into the next year. A number of analysts, economists, financial experts and investors have given their input to create the chart.

According to these people, productivity growth still needs to rally in the country, which is still relying on money and people to fuel growth, while factories in Canada have become and will continue to become more sensitive to the inflation of wages. On a positive note, direct investment in the country from the foreign faction is recovering and gaining momentum. This is being led by the service and manufacturing sectors.

The chart also shows that Canada still relies too heavily on the energy sector and the sale of nonrenewable resources like natural gas. Economists say that could be financially dangerous and the nation needs to restore some balance in that sector. While there are some sticky points, the country's economy is exceptionally strong and the 2020 outlook is positive.

There are untold variables that affect the business and commercial happenings in Canada. Entrepreneurial clients looking at future goals of their companies might wish to get the advice of lawyer experienced in business law when it comes making important decisions that could impact the life of their businesses. A lawyer is in the position to offer legal advice as it pertains to the health of a business.   

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