Canada Economic Outlook
The Canadian economy continues to operate at or near full capacity, with a trend-like advance of 2.0% expected in 2018, followed by a slightly slower 1.8% pace of growth in the next two years. Although job growth has decelerated compared to the rate of advance in 2017, some moderation is expected at this point in the cycle. Elevated oil prices have continued to push up headline inflation this year, but this is expected to be transitory, and core readings remain right around the midpoint of the Bank of Canada's (BoC) target range. Meanwhile, capacity utilization rates remain at decade highs and inflation expectations in the latest Business Outlook Survey continued to move up moderately. Thus, the BoC is projected to continue on a gradual path of rate hikes, with the next move in October, followed by three hikes in 2019. Risks to the forecast emanate mainly from trade and geopolitical developments.
In our ongoing efforts to improve the quality and relevance of our publications, we would like to know more about you.
Subscribe To RSS
Subscribe to Newsletters
(Swiss Re Institute) Risk Dialogue Magazine
The Risk Dialogue Magazine is a newsletter exploring future risk topics, featuring multimedia articles from the Swiss Re Institute's events and insights from our global network of experts.
Our sigma publication series provides comprehensive information on the international insurance markets and analyses of economic trends and strategic issues in re/insurance and financial services.
Swiss Re Publications
Our publications share our expertise on issues of concern to our clients, the re/insurance industry and society - from food, health, longevity and financial security to managing climate and natural disaster risk.