This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on international trade. For an overview of all major components of the economy, go to the Canadian Outlook main page.
Document Highlights
Global supply chain disruptions will prevent Canadian merchandise exporters from benefiting fully from stronger U.S. demand.
Stronger domestic demand, underpinned by increased consumer and business investment spending, will fuel greater merchandise import activity over the short term.
As more international borders are reopened to non-essential travel and restrictions are further relaxed, the recovery in non-merchandise trade will pick up steam.
Canada’s current account balance will remain in surplus throughout the forecast.
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