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Canada Economy - July 2015

Source: OPEC 8/10/2015, Location: North America

In Canada, the slow-down of the US economy and declining income from the energy sector have been felt considerably. These have caused the 1Q15 GDP to decline by 0.6%. Industrial production has also been significant as it fell in April by 1.7% y-o-y, after a decline of 0.4% y-o-y in March.

This points to a continued weak economy. Given the challenges in the resource sector, mining, oil and gas extraction growth declined by 2.9% y-o-y in March and even stood at -5.8% y-o-y in April. This development has led to a downward revision of the 2015 GDP growth forecast to 1.6% from 2.1%. Growth in the coming year is expected to be only slightly higher at 2%.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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