This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Canadian Outlook Economic Forecast: Spring 2007
Canadian Outlook Economic Forecast: Spring 2007
Canadian Economic Analysis
$480.00
- A halt to business inventory accumulation held growth back in the fourth quarter of 2006, but the economy is poised to do well. Real GDP in Canada is forecast to advance by 2.8 per cent this year and a stellar 3.4 per cent in 2008.
- This forecast incorporates the March 2007 federal budget. The budget’s most important spending measure allocated $39 billion in new money to the provinces and territories.
- The U.S. economy charged ahead in the fourth quarter of 2006 despite the trepidation over housing prices and steep declines in residential construction. While risks remain high, economic growth south of the border seems unwavering—but slower.
- Aside from forestry products, prices for Canada’s raw materials continued to escalate in recent months. High commodity prices will continue to shore up income and investment in Canada in the foreseeable future.
- Although core inflation inched up early in the year, the Bank of Canada is not expected to raise short-term interest rates.
- The Federal Reserve Board is also expected to keep rates flat in the United States. This, coupled with stable commodity prices, will keep the loonie from gaining or losing ground relative to the greenback in 2008.
Customers Who Downloaded This Also Liked
12 min read
4 min read
Require an accessible version of this research?
Upon request, Signal49 Research offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
