This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Canadian Outlook Executive Summary: Winter 2011
Canadian Outlook Executive Summary: Winter 2011
Canadian
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- Our forecast calls for real GDP growth of just 2 per cent this year, down 0.5 percentage points from what we were projecting in the autumn Canadian Outlook.
- Significant injections of monetary and fiscal stimulus have solidified near-term growth prospects in the United States—but sooner or later Americans will have to pay the piper.
- Canada’s trade sector will do little to prop up growth this year, due in part to the strength of the loonie.
- A strong Canadian dollar and slower economic growth are expected to convince the Bank to hold off on rate hikes until the fall.
- An uneventful resolution to the European debt crisis remains critical to keeping the global economy on a path of recovery.
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