2011 Outlook is for Slower but Continued Growth 

 

The Canadian economy, led by exports and a strong commodity cycle, performed well through 2010.  Anchored by a stable banking sector, the Canadian economy out-performed most other economies in the developed world. GDP growth is expected to be 3% for 2010.  But the overall economy faces headwinds going forward.  In particular, a weak U.S. dollar has driven the Canadian dollar towards parity, slowing our trade with our largest trading partner. And an already slow recovery in the U.S. will keep a lid on Canadian growth prospects for 2011. The result is a slower growth of GDP, now forecast at 2.3% for 2011. More >