Canada's economy has been on a roller-coaster throughout the first six months of 2016. Real gross domestic product (GDP) grew 0.6% in the first quarter. Exports were up sharply, but low oil prices continue to take a toll on national wealth.
The impact of low oil prices is most apparent in investment expenditures. Business investment in the oil and gas sector fell by $17 billion last year, and with commodity prices expected to remain low, a recovery in 2016 is not in the cards.
At a time of uncertainty, join the Conference Board's Senior Vice-President and Chief Economist, Glen Hodgson, for his expert interpretation of the latest economic numbers for Canada, its provinces, the United States, and the world.