August 2016 Forecast of Real GDP Growth

2016 Forecast

Real GDP Growth Date Completed Benchmark Price

Aug-16

 -1.77%
     
CIBC World Markets Sep-16 -1.20%
Scotiabank Group Oct-16 0.20%
TD Economics Sep-16 -0.60%
BMO Nesbitt Burns Jul-16 -2.00%
Conference Board of Canada Aug-16 -0.40%
RBC Sep-16 -0.20%
Private Sector Average   -0.70%
NL Deptartment of Finance Sep-16 -1.3%

 

Note:

Benchmark Price The Benchmark Price of $43.37 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 5,917,128 bbls. Forecast uses complete data as of August 31st, 2016.