Canadian Outlook Economic Forecast: Spring 2018

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Canadian Outlook Economic Forecast: Spring 2018

Canadian Economic Analysis

Author: The Conference Board of Canada

$1,530.00

  • After a year of impressive economic growth, Canada’s economy is set to slow to a more sustainable pace in 2018.
  • We expect real GDP to grow by 1.9 per cent in 2018, down from 3.0 per cent growth last year.
  • High debt levels, rising interest rates, and slower employment gains will result in slower growth in consumer spending.
  • The trade sector will subtract from economic growth, as non-energy exports continue to perform poorly.
  • Businesses remain hesitant to invest. The level of investment in plant and equipment is expected to remain well below the recent high seen in 2014.
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This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.

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