March 2016 Forecast of Real GDP Growth

2016 Forecast - March Edition

Real GDP Growth Date Completed Benchmark Price
Mar-16 -2.19%
     
CIBC World Markets May-16 -0.80%
Scotiabank Group Mar-16 -0.90%
TD Economics Apr-16 -1.00%
BMO Nesbitt Burns May-16 -2.00%
Conference Board of Canada Apr-16 0.10%
RBC Mar-16 -0.10%
Private Sector Average   -0.78%
NL Department of Finance Mar-16 1.00%

 

Note:

Benchmark Price The Benchmark Price of $39.84 is the average monthly Brent spot price provided by the United States Energy Information Administration (EIA) for the year 2016. The forecasted monthly Brent spot price is also provided by the EIA.

 

CARE forecasts assume monthly Oil Production to be approximately 5,415,363 bbls. Forecast uses complete data as of March 31st, 2016.