Canada Economic Forecast
January 30, 2018Monthly GDP growth stalled in October on a decline in oil and gas output, a surprise flatlining of the economy on the heels of a significant tapering in the third quarter. Despite cooling substantially from last year’s roaring first half, the economy has continued performing robustly, notching notable gains in recent months. Unemployment hit a more than 11-year low in December as the labor market tightened further on record-setting job gains in the September–December period. As a result, real wages were up markedly from a year earlier. On the trade front, TPP-11 is expected to be signed in March; the multilateral deal has become an important hedge for the government as it navigates NAFTA renegotiations with the U.S. and Mexico.
Canada Economic GrowthGDP growth is expected to continue moderating towards potential this year as higher interest rates and the property market cool-off weigh on household spending. Downside risks from the possible scrapping of NAFTA will loom heavily on the economy over the short term. Business investment, infrastructure spending and extractive exports should increasingly drive growth over the medium term. Met the why particular panelists expect GDP to grow 2.2% in 2018, which is unchanged from last month’s estimate, and 1.8% in 2019.
Canada Economy Data
5 years of Canada economic forecasts for more than 30 economic indicators.
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|Bond Yield||2.34||1.00 %||Feb 21|
|Exchange Rate||1.27||0.15 %||Feb 22|
|Stock Market||15,508||0.23 %||Feb 22|
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Canada Economic News
February 23, 2018
Seasonally-adjusted consumer prices rose 0.5% from a month earlier in January, jumping from December’s downwardly revised 0.1% increase (previously reported: +0.2% month-on-month).
February 14, 2018
House prices continued their ascent at the outset of the year.
February 8, 2018
Seasonally-adjusted annualized housing starts in January numbered 216,200 units, according to the Canada Mortgage and Housing Corporation (CMHC).
February 6, 2018
The Ivey Purchasing Managers Index (PMI), prepared by the Richard Ivey School of Business, declined for the third consecutive month in January.
Canada: GDP growth hits six-month high in November as nearly all industries expand, plant shutdowns end
January 31, 2018
GDP bounced back in November on strong manufacturing gains, a turnaround from October when temporary factory shutdowns across industries stalled economic growth.