Canada’s Economy in 2019: 5 Trends to Watch

The Conference Board of Canada, December 18, 2018
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The Canadian economy is facing a converging set of potentially detrimental forces in 2019. Beyond the top-line numbers that have shown a steady slowdown in growth throughout 2018, the forces shaping Canada’s economy the coming year emerge from both domestic policy choices and international factors beyond our control.

Webinar Highlights

In this special video chat, the Chief Economist of The Conference Board of Canada, Pedro Antunes, discusses 5 economic trends that will shape business decision-making in 2019.

  • Trade outlook: The alphabet soup of trade agreements – USMCA, NAFTA, CPTPP, CETA – are opening up new markets for Canada, but progress is slow and there is still trade tension with our largest market, the United States.
  • Carbon taxes: Federal and provincial carbon taxes are beginning to impact business and individuals’ decision making.
  • Tax competitiveness: The sharp decline in U.S. corporate tax rates is weighing on Canadian business decisions on investment.
  • Bleak outlook for energy sector: The gap between world prices and Western Canadian product is leading to drastic steps in oil-producing regions.
  • Interest rates: Even though top-line economic growth is slowing, the Bank of Canada is expected to raise rates three more times in 2019.

Following his video chat Pedro will open up for a 15 minute question and answer period.

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