Outlook for the economy
Article Abstract:
The Economic Council of Canada predicts in its 1987 report on the economic outlook for Canada that the most important factors affecting the Canadian economy are: interest rates, the condition of the US economy, the Canada-US trade deal, and recent Canadian tax-reform proposals. Central Canada is doing well, but other areas are not. Three problems require special attention: unemployment, debt burdens, and productivity growth. Real growth is expected to average 2.8% between 1987-1991. Inflation should remain between 5.0-5.9% until 1989. Employment growth should be strong in 1987-1988, then weaken to below 2% between 1988-91. Investment activity will be strong. Canada's current-account balance of payments will remain in deficit between 1987 and 1991. No change in the ratio of federal deficit to gross domestic product is expected until 1991.
Publication Name: Au Courant
Subject: Business, international
ISSN: 0226-224X
Year: 1987
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The economy and a balanced budget
Article Abstract:
Canada must cut spending and reduce its public debt in order to put its economy on a competitive footing and provide a positive legacy for future generations. Canada, a traditional exporter of primary resources, is dependent on trade for its economic vitality, particularly with the US. The future economic health of the country is dependent on Canada's ability to adapt to new science and technology, for manufacturers to meet the challenges of the global market, and for a reduction of the public debt. Canada's policy options should be predicated on considerations of the strength of demand, the relaxation of monetary policy, and the fiscal position of the US, the latter being most crucial to Canada's prospects of restraining the public debt.
Publication Name: Au Courant
Subject: Business, international
ISSN: 0226-224X
Year: 1989
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Outlook for the economy
Article Abstract:
As part of its twenty-third annual review of the Canadian economy, the Economic Council of Canada projected a 'base case': a forecast of key economic indicators for 1986 to 1996. Unemployment in Canada will gradually slide down from 9 percent to 7 percent by 1996. The inflation rate should stay below 4 percent through 1991 because of the dip in oil prices, but will rise later. The outlook for real investment calls for modest improvement until 1989, but the investment-GNP ratio will not recover significantly, and the GNP growth will average 3 percent annually. The federal deficit should decline to 20 billion dollars by 1990, and rising labor productivity will permit gains in real income.
Publication Name: Au Courant
Subject: Business, international
ISSN: 0226-224X
Year: 1986
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