Bank of Canada Governor Mark Carney said the U.S. economy has undergone “a lot of repair” and is picking up momentum, a development that should bolster demand for the country’s exports and fuel business investment.
Canadian businesses have been holding off from making investments because they are waiting for signs of strength in the global economy, Carney said in an interview with Global TV that aired yesterday.
The “U.S. private sector has picked up significantly over the course of the last couple of years,” Carney said in the interview. “The U.S. housing market is fully recovering and so we’re seeing a lot of momentum there.”
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