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The Canadian economy has been on a path of stable growth for the last four years, with a brief period of reduced growth that began in 2007 and will begin to bounce back in 2009.
A recent drop in merchandise exports resulting from the slowdown in U.S. demand for Canadian goods, primarily
autos, took a bite out of GDP growth in 2008.
The annual projection for 2008 now calls for GDP growth of 1.7 percent, a downward move of 0.5 percent from the spring forecast by Conference Board of Canada.
Contact Ian MacCulloch at 416.643.3708 for more information.
  Industrial Forecast_Canada.pdf
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