May 2017 Forecast of Real GDP

2017 Real GDP Forecast

Real GDP Growth Date Completed Growth Rate
May-17 0.51%
     
CIBC World Markets Jul-17 -1.80%
Scotiabank Group Jul-17 -1.80%
TD Economics Jun-17 -1.90%
BMO Nesbitt Burns Jul-17 -2.00%
Conference Board of Canada Feb-17 -1.90%
RBC Jun-17 -2.20%
Private Sector Avg   -1.93%
NL Department of Finance Apr-17 -3.80%

Note:

Benchmark Price  The forecast above was computed assuming an average Brent (USD) price of oil of $52.72 for the 2017 calendar year. The oil price forecasts are provided by the United States Energy Information Agency (EIA).

This forecast was produced using a Vector Autoregressive (VAR) method. Data sources are available upon request.