Canadian Outlook Executive Summary: Autumn 2011

The Conference Board of Canada, 12 pages, October 11, 2011
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This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.

Document Highlights

  • The recent turmoil in equity and commodity markets is not expected to derail the global economy. Still, growth has slowed markedly over the last few quarters, and downside risks to the forecast remain high.
  • These risks have prompted monetary authorities to hold off on interest rate hikes. Short-term rates in the United States will likely remain near zero until mid-2013.
  • Public sector restraint will pull down economic growth in Canada in 2012. This will be offset by strong business investment, which will spur employment and keep private sector activity humming.
  • A recovery in manufacturing and added capacity in the resource sector will help lift merchandise exports in 2012, despite still-tepid U.S. growth.

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