Printer icon Print Page

Canadian Outlook Economic Forecast: Summer 2010

The Conference Board of Canada, 76 pages, July 29, 2010
4.0/5 based on 3 reviews
(You must be signed in and entitled to rate this report)
This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.

Document Highlights

  • Momentum in Canada’s economic recovery continued into the first quarter—propped up by strong consumer and government spending, and by businesses restocking inventories.
  • Fiscal stimulus—especially infrastructure spending—will continue to contribute to economic growth this year. But next year and beyond, federal and provincial governments will pull back hard on the reins of spending.
  • The U.S. economy is also forging ahead, but stronger job growth and a recovery in consumer confidence will be key to sustaining growth into 2011.
  • The European debt crisis and mixed signs among recent economic indicators have added to market jitters and volatility. The Bank of Canada will keep to its path of monetary tightening.