Canadian Outlook Executive Summary: Winter 2017

The Conference Board of Canada, 25 pages, January 16, 2017
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This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.

Document Highlights

  • Despite strong third-quarter growth, we estimate the economy grew by just 1.3 per cent in 2016.
  • Economic growth was held back by weak business investment and a disappointing export performance.
  • In 2017, economic growth is expected to accelerate to 1.9 per cent, as the energy sector is less of a drag on the economy, exports manage a slightly better performance, and government stimulus ramps up. But this will be partly offset by slowing consumer spending and declining residential construction.
  • The central bank will keep its key rate at current levels until April 2018. A widening interest rate differential between Canada and the U.S. will put downward pressure on the loonie over the near term.

 

Table of Contents

Executive Summary

Better Economic Prospects for the New Year

World Outlook—Slight Pickup in Growth Expected

Canadian Economy

Balanced Budgets Remain Out of Reach

Weak Demand to Keep Bank of Canada on the Sidelines

Appendix A: Forecast Tables

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