Price Check: Canada’s Five-Year Outlook—March 2024

Price Check: Canada’s Five-Year Outlook—March 2024

24 min read

Author: Cory Renner, Doris Chu, Jake Lenarduzzi, 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 assess when the Bank of Canada will start cutting interest rates—and at what pace.

Could U.S. economic strength derail expectations for interest rates to start coming down this summer here in Canada? With high interest rates exacerbating housing affordability, how much will government attempts to fix the housing supply crunch help? 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, housing markets, and international trade.

Read the impact paper to get our full analysis.

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