Canadian Outlook Executive Summary: Autumn 2011
The Conference Board of Canada, 12 pages
October 11, 2011
This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
- 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
- A recovery in manufacturing and added
capacity in the resource sector will help
lift merchandise exports in 2012, despite
still-tepid U.S. growth.