The U.S. and Canadian economies generally move in concert, but they are not in tune right now. Tax cuts are fuelling a consumer-led boom in the U.S., with the result that the economy expanded at a 4 per cent pace in the second quarter. Canadian growth held its own in the second quarter. Even though a tentative peace has been declared on the Canada-U.S. trade front, exports continue to perform poorly amid lingering uncertainty. Rising interest rates and falling house prices are leading to a pullback in the pace of consumer spending and overall Canadian economic growth. As global trade war fears persist, the world outlook remains at the whims of political uncertainty in the U.S. and elsewhere.
In such a turbulent environment, get the latest detailed global, Canadian and provincial outlooks in this quarterly webinar from Conference Board of Canada Deputy Chief Economist Pedro Antunes. Based on the Conference Board’s detailed economic modelling and analysis, this webinar is a must for economists, business leaders, government officials and others.