This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Canadian Outlook Economic Forecast: Summer 2014
Canadian Outlook Economic Forecast: Summer 2014
Canadian Economic Analysis
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- Economic growth got off to a slow start for 2014, due largely to the effects of an unusually cold winter, weak investment intentions, and sluggish job growth.
- Prospects in the United States are solid, with industrial production and hiring leading the way. This should help bolster trade and investment in Canada over the near term.
- A significant uptick in inflation has dismissed any discussion about the potential for lower interest rates in Canada. Still, rate hikes are not expected until the middle of 2015.
- The economic situation in much of the developed world is improving, but geopolitical risks, continued financial market uncertainty, and soft commodity prices could take a toll on global growth.
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