Mega-project investments unlikely to kick-in soon enough

The many large-scale energy-related investment projects that are in the works are certainly an encouraging sign for the longer-term economic outlook. With many of these projects still awaiting final government approval, however, the economic benefits are unlikely to kick-in soon enough to offset the weakness developing elsewhere in the economy. Overall, after growing close to 1.7% this year, we expect Canada's economy to grow by only 1.5% in 2014.