We use cookies on the public areas of our website. They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. By continuing to browse the site you are agreeing to our use of cookies. If you would like to learn more about how we use cookies and how you can manage them, see our Privacy & Cookie Policy.
The Canadian economy has been one of the better performing economies within the developed world over the past 5 years. A stable banking system allowed it to escape the worst of the financial crisis, while buoyant commodity prices have supported investment and exports. We expect the economy to continue to expand at a healthy pace, supported by stronger growth in the US, but elevated property prices and household debt are a key risk to stability.
What's included?
This report includes 1 file(s)
Canada economic outlook Q3 2014 PDF - 307.23 KB 7 Pages, 1 Tables, 10 Figures
Description
This Economic Outlook presents our macroeconomic outlook to 2035 at the country level.
Specifically we assess the structure of the economy and present the GDP and industrial production outlook.
The long-term outlook is underpinned by a set of GDP models which take account of long-term structural drivers of GDP including demographics, investment and productivity growth.
Finally, we highlight the key risks facing our outlook, both upside and downside.
Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.
Whilst Canada's domestic recovery from the financial crisis has been relatively good, the challenging global market has contributed to the Bank of Canada maintaining historically low interest rates of 1% for a prolonged period. This accommodative monetary policy has supported exports and private sector borrowing, but it may have also created some problems. Cheap mortgage rates have led to record levels of household debt and rising property prices. Having doubled over the past ten years, average house prices continue to rise faster than incomes. We are concerned about what will happen when interest rates increase, likely from next year, and mortgage payments follow.
Long-term outlook
Real GDP (Annual Growth)
Population by Age Cohort
Exchange rate outlook
CAD to US$ exchange rate
Risks and uncertainties
Upside
Downside
In this report there are 11 tables or charts, including:
Executive summary
Executive summary: Table 1
Market structure
GDP by sector (% of GDP)
Real GDP by expenditure (millions of Canadian dollars)
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Contact Us
Commodity market report | Sep 2014
Canada economic outlook Q3 2014
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.
