The Atradius Payment Practices Barometer for June 2019 indicates that the Canadian economy is operating near its potential with balanced growth. GDP is forecast to grow below 2% this year due to easing export, household consumption, and investment growth. However, the economy is expected to experience positive momentum with low unemployment, manageable inflation, and rising, but historically low interest rates. Insolvencies are expected to level off this year. The top 5 imports are crude petroleum, cars, refined petroleum, vehicle parts, and petroleum gas, while the top 5 trading partners are the United States, China, the United Kingdom, Japan, and Mexico. The proportion of total B2B sales made on credit in Canada is expected to remain stable at around 60%.
