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Canada Economy - January 16

Source: OPEC 1/27/2016, Location: North America

While the Canadian economy seems to gradually recover from the challenges of the first half of the year, the situation remains weak and has been negatively impacted, not only by low oil prices and the decline in investments in the oil industry, but also by the challenges of the global economy. Industrial production remained negative, contracting by 2.5% y-o-y in October, weaker still than the contraction of 2.2% y-o-y seen in September. This weak trend is also reflected in the latest PMI for manufacturing, which, in December, declined to 47.5, compared to Novemberís number of 48.6, again clearly below the growth-indicating level of 50. The GDP growth forecast remains unchanged at 1.1% for 2015 and at 1.9% for 2016.

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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 

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