This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Canadian Outlook Executive Summary: Spring 2017
Canadian Outlook Executive Summary: Spring 2017
Canadian Economic Analysis
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- The Canadian economy is expected to grow by 2.3 per cent this year—a substantial improvement over the previous two years. Growth is expected to drop below 2 per cent again in 2018.
- Households continue to be the main driver of Canadian economic growth. However, the current pace of household spending is unlikely to continue.
- Supported by stronger oil prices, energy companies will make small increases in their capital investment starting this year. However, outside of energy, capital investment is expected to decline for the fourth consecutive year.
- Export growth is expected to manage only a small improvement this year. There is also a risk that increased protectionism could lead to much weaker growth in exports than projected in our outlook.
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