Canadian Outlook Executive Summary: Spring 2013

The Conference Board of Canada, 14 pages, June 2013
Executive Summary by Pedro Antunes
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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 soft domestic economy will slow GDP growth to a modest 1.8 per cent in 2013, down from the 2.2 per cent pace we expected in our winter edition of the Canadian Outlook.
  • Resource sector investment is waning following two years of strong growth.
  • The Bank of Canada remains on the sidelines for now. But as the U.S. economy gains traction, monetary authorities on both sides of the border will start to consider removing stimulus.
  • Struggling to beat back deficits, the federal and most provincial governments cinched their belts even tighter in their latest budgets.

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