Canadian Outlook Executive Summary: Autumn 2014
The Conference Board of Canada, 11 pages
October 20, 2014
This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
- After a particularly cold winter that kept consumers at home, the Canadian economy began to show signs of a pickup in growth.
- Following a weak start to 2014, Canada’s trade sector has come roaring back. Looking ahead, a weaker dollar, combined with stronger economic activity in the U.S., means the trade sector will be the main source of strength for the Canadian economy.
- Capital investment continues to disappoint. But a pickup in exports, rising capacity utilization, strong corporate profit growth, and increasing business confidence should result in a healthy increase in investment in 2015.
- A stronger economy will provide support for an interest rate hike in the second half of 2015.