Hidden Shoals: Canada’s Three-Year Outlook

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Hidden Shoals: Canada’s Three-Year Outlook

Pages:18 pages42 min read

Author: The Conference Board of Canada


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 examine the causes of financial sector turmoil in the United States and Europe—and what it means for Canada.

Where are efforts to tame price pressures through monetary tightening landing the hardest in Canada? As the screws of higher interest rates and still-elevated inflation turn, how much strain can consumers bear, and for how long? We share our forecast for Canada’s economic and fiscal outlook over the next three years, including gross domestic product, interest rates, jobs, business investment, and housing markets.

Read the impact paper to get our full analysis.

Key findings
Interest rates everywhere all at once
Still standing still
Global and U.S. outlooks
Canada’s business sector
Household sector
Housing markets seek their cyclical bottom
Bank of Canada holds but remains wary

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