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Conference Board of Canada 2016 Growth Forecast
A new Conference Board of Canada report has downgraded its projections for Canada’s economic growth in 2016 from 1.6 per cent to 1.4 per cent, despite a strong start to the year. The wildfires that damaged much of Fort McMurray, AB, and the surrounding areas, a weakening global economy, and the ongoing and significant deterioration…
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Canada and US Manufacturing Survey: April and June 2016
Manufacturing sales in Canada rose 1 per cent to $50.4 billion in April, following two consecutive monthly declines, according to Statistics Canada Wednesday. As well, regional Fed surveys and the ISM manufacturing index were released in the US this week. Canada, US Manufacturing: April and June 2016 Canada’s manufacturing sales increased in 10 of 21 industries,…
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Chicago Fed National Activity Index: April 2016
Led by improvements in production-related indicators, the Chicago Fed National Activity Index, released Thursday, rose to +0.10 in April from –0.55 in March. This index is a weighted average of 85 indicators of national economic activity drawn from four broad categories of data. Led improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI)…
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Export Development Canada Reduces Forecast
Export Development Canada has slashed its forecast of goods exports this year to 2 per cent, down from a previous estimate of 7 per cent. While natural resources continue to struggle under lower prices and sluggish demand, double-digit growth in consumer goods, automotive, and aerospace sec– tors will drive Canada’s overall exports to grow by…
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Canada Trade Outlook: Conference Board
Canada’s exporters are entering a new era of lower commodity prices and strong demand from a rebounding US economy, but many are not prepared to take ad- vantage of this major shift in trade patterns, says a new report by the Conference Board of Canada study, published Thursday. Among Canadian industries best positioned to capitalize…
