Canada Economics

Canada Economic Outlook

22 November, 2016

Housing and Trump add to list of economy’s woes

The economy has recovered from the temporary disruption caused by the wildfires earlier this year and the slump in mining-related investment, triggered by the collapse in oil prices last year, is finally fading. Unfortunately, the housing downturn, which is already in full swing in British Columbia, is likely to spread and could become an even bigger drag on economic growth. We expect GDP growth to be broadly unchanged at 1.2% in 2017, up only trivially from 1.1% in 2016. The election of Donald Trump

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