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Canadian Outlook with the Chief Economist: Keeping the Momentum Going The Conference Board of Canada, September 20, 2017 Recorded Webinar by Craig Alexander

Canadian Outlook with the Chief Economist: Keeping the Momentum Going

The Conference Board of Canada, September 20, 2017
Recorded Webinar by Craig Alexander

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The Canadian economy got off to a great start in the first half of 2017, and real gross domestic product is expected to grow by more than 2.5 per cent this year. But economic growth will slow in the second half of the year and into 2018. Strong household consumption is the main driver of this year’s growth, and the July 2017 interest rate hike is welcome news because the Canadian economy no longer requires rock-bottom rates to reduce the negative fallout from lower commodity prices. While improved global growth should allow for a modest improvement in Canadian exports next year, the outlook for trade is clouded by the risks of increased protectionism, including the NAFTA renegotiations. Get The Conference Board of Canada’s latest global, national and provincial economic outlooks from Craig Alexander, in this insightful and engaging presentation that is a must-attend for both economic analysts and organizational decision-makers. Webinar Highlights This webinar will zero in on the key factors shaping Canada’s economic performance, including: Interest rates: The tightening of monetary policy reflected confidence that the Canadian economy will continue to grow at above its potential pace in the coming quarters. Household finances: Rising interest rates may cause some consternation but the level of rates remains very low and regulatory actions by governments are likely to have limited sustained effects in tempering household borrowing. NAFTA renegotiation: The launch of NAFTA negotiations this summer will add some uncertainty to the trade sector over the second half of the year. Employment: Job growth has overperformed expectations, but wage gains are marginal and weak productivity growth means that pay packets will not be growing quickly in the near-future. About Craig Craig Alexander brings over 19 years of experience in the private sector as an economic and financial forecaster to the position of Senior Vice-President and Chief Economist. Craig oversees the Board’s macroeconomic outlook products and its custom economic and tourism research. He joined The Conference Board of Canada in September 2016. Most recently, Craig was the Vice-President of Economic Analysis at the CD Howe Institute. Previously, he was Senior Vice-President and Chief Economist for TD Bank Group—the second largest bank in Canada and the eighth largest in the United States. During his tenure, he led a large team of economists providing in-depth analysis to TD’s divisions and clients. Prior to joining the private sector, he spent four years as an economist at Statistics Canada.

The Canadian economy got off to a great start in the first half of 2017, and real gross domestic product is expected to grow by more than 2.5 per cent this year. But economic growth will slow in the second half of the year and into 2018.

Strong household consumption is the main driver of this year’s growth, and the July 2017 interest rate hike is welcome news because the Canadian economy no longer requires rock-bottom rates to reduce the negative fallout from lower commodity prices.

While improved global growth should allow for a modest improvement in Canadian exports next year, the outlook for trade is clouded by the risks of increased protectionism, including the NAFTA renegotiations.

Get The Conference Board of Canada’s latest global, national and provincial economic outlooks from Craig Alexander, in this insightful and engaging presentation that is a must-attend for both economic analysts and organizational decision-makers.

Webinar Highlights

This webinar will zero in on the key factors shaping Canada’s economic performance, including:

Interest rates: The tightening of monetary policy reflected confidence that the Canadian economy will continue to grow at above its potential pace in the coming quarters.
Household finances: Rising interest rates may cause some consternation but the level of rates remains very low and regulatory actions by governments are likely to have limited sustained effects in tempering household borrowing.
NAFTA renegotiation: The launch of NAFTA negotiations this summer will add some uncertainty to the trade sector over the second half of the year.
Employment: Job growth has overperformed expectations, but wage gains are marginal and weak productivity growth means that pay packets will not be growing quickly in the near-future.

About Craig

Photo of Craig Alexander Craig Alexander brings over 19 years of experience in the private sector as an economic and financial forecaster to the position of Senior Vice-President and Chief Economist. Craig oversees the Board’s macroeconomic outlook products and its custom economic and tourism research. He joined The Conference Board of Canada in September 2016.

Most recently, Craig was the Vice-President of Economic Analysis at the CD Howe Institute. Previously, he was Senior Vice-President and Chief Economist for TD Bank Group—the second largest bank in Canada and the eighth largest in the United States. During his tenure, he led a large team of economists providing in-depth analysis to TD’s divisions and clients. Prior to joining the private sector, he spent four years as an economist at Statistics Canada.

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