Pierre Cléroux, the Chief Economist of Business Development Canada (BDC) expressed optimism at the economic outlook for the near term at a special program on Economic Outlook: Doing Business in today’s economy, organized at the Indo-Canada Chamber of Commerce (ICCC). Based on the BDC research, Mr. Cléroux predicted that the strong US economic outlook will work in favour of Canada because the US is Canada’s biggest trading partner, with 75 percent of Canadian trade focused with its southern neighbour.

He also briefed the ICCC members how businesses can capitalize on these new developing strategic insights to better plan their road map to growth. He further said that the Canadian economy is growing at 2% which is much better than the last couple of years and it will sustain the growth in the coming years. He was optimistic that the falling oil prices will not affect much to the Canadian economy as we do have diverse economy and our manufacturing sector is doing well in the light of strongest US economy. The housing market will also grow in the future with the lower rate of interests. He also said the growth story of India will also open up new avenues for the businesses. 

Mr. Sanjay Makkar, President ICCC in his welcome remarks said that the chamber is hosting economic briefing to update the current trends in the international economic order so the small and medium business can grow accordingly. He also informed the members for the ICCC’s upcoming Winter Gala and India Mission 2016. Mr. Jagdish Bajaj, Vice President Events introduced the event to the audience. Ms. Nina Jain, Introduced the speaker to the audience. Ms. Nav Saini, gave vote of thanks.