This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Cette publication comprend un résumé en français.
Canadian Outlook Economic Forecast: Winter 2014
Canadian Outlook Economic Forecast: Winter 2014
Canadian Economic Analysis
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- The outlook for Canadian exports is solidifying, as most indicators point to robust U.S. growth.
- Nonetheless, and despite a weaker loonie (which should help exports), real GDP growth of only 2.3 per cent is forecast for Canada in 2014, held back by modest household spending and ongoing fiscal restraint.
- Resource sector investment is holding up despite softer prices and uncertainty about energy transportation infrastructure.
- The Bank of Canada’s surprise change to its policy stance (it now says rates may have to drop if that’s what’s required to beat back deflation) nudged down the value of the Canadian dollar.
- As they struggle to beat down their deficits, the federal and most provincial governments will have to cinch their belts even tighter.
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