Commodity market report
Canada economic outlook Q3 2014
Loading current market price
Report summary
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 contains
Table of contents
-
Executive summary
- Economic Indicators
- Market structure
-
Economic outlook
- Short-term outlook
- Trade
- Investment
- 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
Tables and charts
This report includes 11 images and tables including:
Images
- GDP by sector (% of GDP)
- Real GDP by expenditure (millions of Canadian dollars)
- Resource extraction (% of value added)
- Market structure: Image 4
- Economic outlook: Image 1
- Economic outlook: Image 2
- Economic outlook: Image 3
- Economic outlook: Image 4
- Economic outlook: Image 5
- Economic outlook: Image 6
Tables
- Executive summary: Table 1
You may be interested in
Asset report
Straumsvik aluminium smelter
Asset report
Dunkerque aluminium smelter
Asset report
Aughinish alumina refinery
Questions about this report?
-
Europe:+44 131 243 4699
-
Americas:+1 713 470 1900
-
Asia Pacific:+61 2 8224 8898