May 2015 Forecast of Real GDP Growth
2015 Forecast - May Edition
| Real GDP Growth | Date Completed | Benchmark Price |
| May 2015 | -2.82% | |
| CIBC World Markets | June 2015 | -1.40% |
| Scotiabank Group | June 2015 | -0.60% |
| TD Economics | July 2015 | -0.90% |
| BMO Nesbitt Burns | July 2015 | -1.20% |
| Conference Board of Canada | May 2015 | -0.10% |
| Royal Bank of Canada | June 2015 | -0.20% |
| Private Sector Average | -0.73% | |
| Department of Finance | April 2015 | -0.30% |
Note:
| Benchmark Price | The Benchmark Price of $60.15 is the average monthly Brent spot price provided by the United States Energy Information Administration (EIA) for the year 2015. The forecasted monthly Brent spot price is also provided by the EIA. |
CARE forecasts assume monthly Oil Production to be approximately 6,666,667 bbls.
*Forecast uses complete data as of May 31, 2015*