This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Canadian Outlook Economic Forecast: Summer 2015
Canadian Outlook Economic Forecast: Summer 2015
Canadian Economic Analysis
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- Expectations for Canada’s second-quarter GDP numbers have dimmed, fuelling speculation that the Canadian economy has slipped into recession.
- If Canada has slipped into recession, we expect it to be a mild one with growth picking up through the rest of the year.
- Business investment will be the weakest part of the economy this year, held back by large cutbacks in the energy sector.
- The trade sector has disappointed through the first five months of the year. However, growth should pick up in the second half, fuelled by a strengthening U.S. economy and a weaker Canadian dollar.
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