This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Canadian Outlook Economic Forecast: Spring 2014
Canadian Outlook Economic Forecast: Spring 2014
Canadian Economic Analysis
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- The global economy is set to improve this year and next, led by a better performance in the United States and the emergence of growth in Europe.
- In Canada, households and exporters will contribute the most to modest economic growth in 2014.
- The Bank of Canada, confident of its ability to steer inflation, is expected to remain on the sidelines with respect to rate hikes for at least another year.
- Recent surveys suggest that private capital investment—a key driver of future output and employment growth—will be soft this year.
- Uncertainty about transportation infrastructure needs to be mitigated if we are to avoid future setbacks in investment or production.
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