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Canada Economy - September 2015

Source: OPEC 10/3/2015, Location: North America

Canada is still experiencing a considerable slow-down, given significant weakness in its exports and the significant challenges for the energy sector due to low oil prices. GDP growth has now been confirmed to be negative for both the 1Q15 and the 2Q15 at -0.8% q-o-q SAAR and -0.5% q-o-q SAAR, respectively. Industrial production was clearly negative in the 2Q15 at -2.4% y-o-y, clearly less than the 1.1% growth from the 1Q15. The latest PMI for manufacturing from August indicates that this trend may continue. It stood at 49.4, clearly below the growth indicating level of 50. Given this current weakening trend, 2015 GDP growth has been revised sharply down to 0.7% from 1.5%. The 2016 growth forecast has also been lowered to 1.9% from 2.0%.

Economics/Financial Analysis News in Canada >>

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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