Canadian Outlook Executive Summary: Autumn 2015

The Conference Board of Canada, 13 pages, October 27, 2015
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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 Canadian economy experienced a mild recession in the first half of the year as a drop in oil prices led to a substantial decline in business capital investment.
  • The recession is now behind us, and the economy is expected to post solid growth for the second half of 2015.
  • Next year, we expect economic growth to accelerate to a more respectable 2.3  per cent, driven by a pickup in exports and steady consumer spending.
  • The Bank of Canada is expected to keep its overnight rate at its current level until 2017, as the economy slowly returns to potential.

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