Fast Market Research

New Market Study, "Canada Business Forecast Report Q3 2014", Has Been Published

Recently published research from Business Monitor International, "Canada Business Forecast Report Q3 2014", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 05/23/2014 -- Economic growth in Canada will gradually accelerate over the next few years, helped by a continued expansion in private consumption and a return to positive growth in fixed investment. Our growth outlook, however, remains below consensus expectations, our reflecting concerns about high household leverage, declining commodity prices, and recent weakness in US economic data.

Exchange rate depreciation and stronger US demand will see Canada's trade in goods balance move from deficit into surplus by 2016, which will continue to narrow the current account deficit over the coming years. Despite recent depreciation, we believe that the Canadian dollar remains fundamentally overvalued, and continued weakness in 2014 will help to revive manufactured goods exports to a strengthening US economy.

View Full Report Details and Table of Contents

Monetary policy will remain unchanged in Canada until 2015, when the Bank of Canada will commence a gradual tightening cycle, as exchange rate weakness and rising industrial capacity utilisation see inflation move towards the central bank's 2% target. In the near term, however, an interest rate cut is not out of the question should economic data show renewed weakness.

Major Forecast Changes

We have not made any major forecast changes this quarter.

Key Risks To Outlook

Downside Risks To Growth Forecast: Exogenous factors, such as declining commodity prices and an erratic economic recovery in the US, could have more profound effects on our real GDP growth projections in the near term. However, we feel that our belowconsensus forecasts currently reflect our more cautious outlook in this respect.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Country Reports research reports at Fast Market Research

You may also be interested in these related reports:

- Oman and Yemen Business Forecast Report Q3 2014
- Kuwait Business Forecast Report Q3 2014
- Serbia, Montenegro and Kosovo Business Forecast Report Q3 2014
- Brazil Business Forecast Report Q3 2014
- Chile Business Forecast Report Q3 2014
- Hong Kong Business Forecast Report Q3 2014
- Hungary Business Forecast Report Q3 2014
- Philippines Business Forecast Report Q3 2014
- Botswana Business Forecast Report Q3 2014
- Pakistan Business Forecast Report Q3 2014