Canada’s economy is expected to grow at a faster pace in 2017 than in 2016, while growth is expected to remain below two per cent this year. The struggling energy sector will be less of a drag on the economy, exports are expected to pick up and government stimulus spending will help boost growth.
However, the economic outlook remains uncertain. We are in the third year of the oil price shock, and three years is typically the amount of time needed for such a downturn to run its course. Oil prices are expected to remain below US$60 a barrel, and the Canadian dollar could be in for some volatility. Growth in the export sector may also be slowed by the protectionist threats from the new Trump Administration.
In this volatile domestic and international economic climate, you do not want to miss Craig Alexander’s quarterly Chief Economist presentation of economic data that will affect your organization. In this Chief Economist webinar, Craig will provide international, national and provincial-level analysis and discuss the trends that current data foretells.