FleishmanHillard HighRoad for RSM Canada, fhr.rsm@FHhighroad.com, 416.508.8430
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RSM Canada ("RSM"), the leading global provider of audit, tax and consulting services focused on middle market businesses, today launched its fourth edition of ‘The Real Economy, Canada’ – a quarterly report that provides Canadian businesses with economic analysis and insights into factors driving growth in Canada's middle market.
Off the back of a recent federal election and a year of economic uncertainty, the latest report shines a light on what’s in store for Canada’s economy in 2020, exploring potential opportunities for the country’s growth next year, and highlighting some of the main geopolitical and industry headwinds that could slow the economy.
Key findings in this quarter’s report include:
“All the signs from our latest report point to a spill-over of economic uncertainty in Canada as we head into 2020,” said Joe Brusuelas, chief economist with RSM US LLP. “Though the country’s economy is poised to see exciting areas of growth next year, mainly due to its blossoming tech sector and a new wave of skilled and educated people entering the workforce, ongoing challenges such as the U.S.-China trade war and low global interest rates are contributing to a sense of uncertainty and hesitation.”
“Despite these headwinds, Canada certainly has potential to compete in the global economy next year through its expertise in digital technology and advanced manufacturing,” said Alex Kotsopoulos, partner, projects and economics with RSM Canada. “The country is already carving out a great reputation in next-generation technology such as A.I., and further investment in this field, along with key industries such as manufacturing, will help foster growth and spur job creation for small-to-medium-sized businesses.”
For more information on ‘The Real Economy, Canada’ report, or to download it, please visit https://rsmcanada.com/our-insights/the-real-economy/the-real-economy-canada-volume-4.html.
About RSM Canada
RSM is the leading provider of professional services to the middle market. 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 landscape. Our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential.
RSM Canada LLP provides public accounting services and is the Canadian member firm of RSM International, a global network of independent assurance, tax and consulting firms with 64,000 people in 120 countries. 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 X and/or connect with us on LinkedIn.