Clearlease reports Canada’s economy will grow by 3.2% this year, assuming rising American demand for consumer goods and autos.

Clearlease reports Canada’s economy will grow by 3.2% this year, assuming rising American demand for consumer goods and autos.

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Vancouver, B.C., Canada March 17, 2011 – Clearlease announces Canada’s economy will grow by 3.2% this year, assuming rising American demand for consumer goods and autos, according to a report issued Friday by Royal Bank of Canada (RY on TSX and NYSE).

Economists at the bank predict net exports such as cars and commodities will boost economic growth this year and next, as those industries account for two-thirds of Canada’s goods sold abroad.

The report from RBC Economics says Saskatchewan will lead the country in growth, followed by Newfoundland and Labrador and Alberta.

Ontario and Manitoba will stay close to the national average while other provinces will fall below.

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