Indo- Canada Chamber of Commerce organized an interactive session on Economics and Strategies following the Budget on 25-March 2015 at the ICCC headquarter.

Mr. Avery Shenfeld, Managing Director and Chief Economist CIBC World Markets Inc was the guest speaker. He said that after the recession; economies of major countries has started gaining its momentum but the lower crude oil prices affected it adversely whereas some oil importing countries got benefit. BRIC (Brazil, Russia, India and China) countries will contribute more in the international economy to move further.

The consumer market in USA which has a direct impact on Canadian economy; has started gearing up and this is a positive signal for the Canadian economy. US market is a key target for Canadian exporters. Interest rates will be at its lower level in the coming years which is a very good sign for the investors seeking safe yields in equity investments, he said.

Mr. Dharma P Jain, President, ICCC in his remarks said conveyed thanks to Mr. Shenfeld for sparing his time to interact with the ICCC members. He further said that CIBC is chamber’s lead sponsor. He also informed the audience regarding the visit of Indian Prime Minister Modi to Canada from 14-16 April 2015 which will further strengthen the trade ties between the two countries.

Mr. Brij K Sharma, Vice President, ICCC said, that the session was aimed to create awareness among the Chamber’s membership regarding the trends in the international economy and how they can strategies their financial planning.

Mr. Rajeev Misra introduced the speaker to the audience.