Canada will be affected by China's economic volatility: Expert
BNN Bloomberg
China’s economic headwinds and government involvement in business operations could spell trouble for Canadian businesses and the broader global economy, according to experts.
As the country rolls out measures aimed at stimulating its lagging economy, a TD Economics note published Monday offered more analysis on how the recent turbulence in China may affect the rest of the world.
Andrew Hencic, a senior economist with TD, made the case that softness in China’s consumer price inflation (is it “inflation” or “index?”) raises broader concerns for the world's economy – noting that China’s July headline consumer price index (CPI) entered into “deflation territory.”
“Weak inflation pressures in China indicate tepid domestic demand,” Hencic wrote in the note.
