2017 Real GDP Forecast

Real GDP Growth	Date Completed	Growth Rate
	Jan-17	-2.71%
CIBC World Markets	Feb-17	-3.00%
Scotiabank Group	Mar-17	-2.70%
TD Economics	Dec-16	-1.20%
BMO Nesbitt-Burns	Mar-17	-2.80%
Conference Board of Canada	Nov-16	-1.40%
RBC	Dec-16	-3.60%
Private Sector Average		-2.45%
NL Deptartment of Finance	Sep-16	-4.50%

Note:

Benchmark Price

The forecast above was computed assuming an average Brent (USD) price of oil of $54.55 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.