The Territorial Outlook provides the economic and fiscal outlook for each of Canada’s three Northern territories, including output by industry, labour markets, and demographics.
Territorial Outlook: August 2011
Territorial Outlook: August 2011
Business and Household Indicators
Provincial Economic Analysis
$1,795.00
- Greater caution among households and austere government spending will pull real GDP growth in Canada back to 2.5 per cent in 2011, down from 3.2 per cent last year. In 2012, the Canadian economy will advance by a still moderate 2.6 per cent.
- Because of external factors, risks to the outlook remain unusually high.
- These risks have kept the Bank of Canada on the sidelines with respect to rate hikes, despite solid first-quarter economic growth and a recent surge in consumer prices.
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