This quarterly economic forecast provides highlights of the Canadian Outlook report, which presents the short-term national outlook.
Canadian Outlook Economic Forecast: Winter 2016
Canadian Outlook Economic Forecast: Winter 2016
Canadian Economic Analysis
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- The economy will remain sluggish through 2016, with expected growth of 1.7 per cent.
- With oil supply expected to outpace demand this year and next, we expect oil prices to remain below US$50 a barrel until the end of 2017.
- Business investment will see a third consecutive year of decline, led by large cuts in the energy sector.
- The weak dollar and a strong U.S. economy will allow the trade sector to make a sizable contribution to growth.
- The Bank of Canada is expected to keep its overnight rate at its current level until at least early 2017.
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