Canadian Outlook Executive Summary: Autumn 2010
The Conference Board of Canada, 12 pages
October 18, 2010
This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
- The exuberance we saw in domestic spending early this year is wearing away, and the pace of household spending and residential investment is sure to slow as we approach 2011.
- Overall, real GDP growth will ease from 3 per cent in 2010 to 2.5 per cent next year.
- Recent indicators support our view that the U.S. will continue on a steady growth path despite the still frail state of consumer confidence and the soft labour and housing markets.
- A weak dollar environment is no longer in the cards. With the loonie hovering near parity with the greenback, Canadian businesses will not see any slackening in global competitive pressures.
- Mounting trade tensions and continued fallout from the European debt crisis pose downside risks to the global economic recovery.