Easing Off the Brakes: Canada’s Five-Year Outlook

Easing Off the Brakes: Canada’s Five-Year Outlook

25 min read

Author: Cory Renner, Doris Chu, Kiefer Van Mulligen, Liam Daly, Maxime Arseneau, Meghan Eibner, Richard Forbes, Robin Wiebe, Ted Mallett


This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.

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This quarter, we look at how strong population growth is reshaping Canada’s economy.

Behind a cooling economy, when will the Bank of Canada start to cut rates? And at what pace? To what extent is surging population growth masking the structural weakness in the economy? Can homebuilders keep up with rising demand for homes? And do governments have any room to boost the economy? We share our forecast for Canada’s economic and fiscal outlook over the next five years, including gross domestic product, interest rates, jobs, business investment, and housing markets.

Read the online experience to get our full analysis.


Forecasts and research often involve numerous assumptions and data sources and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.

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