Canadian Outlook Executive Summary: Autumn 2018 (WEB)

The Conference Board of Canada, September 19, 2018
Website by
0/5 based on
iPad
(You are signed in anonymously, to review, create an account)
This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.

Document Highlights

  • Although the economy performed well in the second quarter of 2018, growth will slow over the remainder of the year and into 2019.
  • The Canadian economy is projected to grow by 2.0 per cent in 2018 as a whole before slowing to 1.8 per cent in 2019.
  • Concerns over trade negotiations, carbon taxes, and a perception that Canada’s tax competitiveness has been eroded are hurting the willingness of firms to increase their capital spending.
  • A shortage of pipeline capacity has limited our ability to take advantage of higher world oil prices. The outlook for oil investment remains bleak.
  • Despite strong demand from the U.S., high capacity utilization in manufacturing is limiting our ability to increase our exports.
  • The economic acceleration in the second quarter took a significant chunk out of the economy’s excess capacity. Consequently, we expect the Bank of Canada to raise its policy rate again in October and three times more in 2019.

COVID-19: Get all the insights

Access website

(you will be asked to sign-in)

To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.