December 2016 Forecast of Employment Growth

2016 Employment Forecast

Employment Growth Date Completed Growth Rate
 Dec-16  -1.51%
     
CIBC World Markets  Feb-17  -1.50%
Scotiabank Group  Jan-17  -1.50%
TD Economics Dec-16   -1.20%
BMO Nesbitt Burns Feb-17   -1.40%
Conference Board of Canada  Aug-16  -0.70%
RBC  Dec-16  -1.20%
Private Sector Average    -1.25%
NL Deptartment of Finance  Sep-16  -.130%

Note:

Benchmark Price The Benchmark Price of $43.55 is the average monthly Brent spot price provided by the United States Energy Information Administration (EIA) for the year 2016.

CARE forecasts assume monthly Oil Production to be approximately 6,397,585 bbls. Forecast uses complete data as of December 31st, 2016.