Canadian Outlook with the Chief Economist: Economic Growth Slumps in the Short Term

The Conference Board of Canada, May 13, 2019
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Canada’s economy is expected to grow little more than 1 per cent, and the recent federal budget is unlikely to make a difference in the short-term. Nevertheless, job and wage growth is strong such that household income and spending will likely continue to hold the fort. Join us for this quarterly webinar with Chief Economist Pedro Antunes to understand the economic forces that need to be incorporated in organizational decision-making.

Webinar Highlights

Only The Conference Board of Canada can deliver a detailed, consistent, high-quality economic outlook that covers global, national and provincial economies. The key issues affecting the outlook include:

  • A China-U.S. trade war, Brexit and instability in some emerging markets are some key risks surrounding the global economy—Canadian merchandise exports are expected to post only modest gains over the next few years.
  • Business investment fell sharply at the end of 2018 and investment intentions remain muted, this is concerning for Canada’s near-term economic and productivity performance.
  • Consumer spending is expected to bounce back from a slowdown at the end of 2018, thanks to strong job gains and rising rates of wage growth.
  • Provincial governments are expected to begin to pull back the reins on spending growth over the next few years because many face high fiscal deficits.

About Pedro

Photo of Pedro AntunesAs the Conference Board’s Chief Economist, Pedro Antunes is responsible for managing a team of economists in producing the Conference Board's medium and long-term economic forecasts along with other economic indicators and reports. Pedro is a spokesperson for the Conference Board and does presentations on the forecast to clients and the public and is often cited in the media.

Pedro joined the Conference Board as an economist in 1991 after working with the Canadian Forecasting Group at the Bank of Canada. He has moved progressively into more senior positions since joining the Board. Prior to his current role, he was Director of the Conference Board's National and Provincial forecast team; and was responsible for custom research work and economic analysis.

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