Canadian Outlook Economic Forecast: Winter 2011

The Conference Board of Canada, 84 pages, February 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

  • Our forecast calls for real GDP growth of just 2 per cent this year, down 0.5 percentage points from what we were projecting in the autumn Canadian Outlook.
  • Significant injections of monetary and fiscal stimulus have solidified near-term growth prospects in the United States—but sooner or later Americans will have to pay the piper.
  • Canada’s trade sector will do little to prop up growth this year, due in part to the strength of the loonie.
  • A strong Canadian dollar and slower economic growth are expected to convince the Bank to hold off on rate hikes until the fall.
  • An uneventful resolution to the European debt crisis remains critical to keeping the global economy on a path of recovery.

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