Canadian Outlook Bulletin: Summer 2018
This briefing provides highlights of our quarterly Canadian Outlook Economic Forecast report, which presents the short-term national outlook.
- High debt levels, rising interest rates, and falling house prices are leading to a pullback in the pace of consumer spending and overall economic growth.
- Canada’s export sector will remain on shaky ground over the near term as rising protectionist measures from the U.S., and continued uncertainty surrounding the outcome of the NAFTA renegotiations, dominate and undermine the sector’s outlook.
- Despite the pickup in inflation and wages since the beginning of this year, the Bank of Canada will remain cautious, as it gradually reduces monetary stimulus from the economy over the near term.