Economic Outlook

Canada Economic Outlook

Canadian economic performance in 2017 is projected to be the strongest in six years, with GDP advancing 2.9%. Although growth in 2H17 has slowed compared to the stellar performance of the prior four quarters, it remains above the potential rate. Employment in particular has increased solidly this year, and wage growth is finally showing signs of rebounding. With the economy at or near full capacity, inflation is expected to accelerate next year.