December 2016 Forecast of Real GDP Growth

2016 Forecast

Real GDP Growth Date Completed Benchmark Price
Dec-16 -0.30%
     
CIBC World Markets Feb-17 0.20%
Scotiabank Group Jan-17 0.30%
TD Economics Dec-16 -0.60%
BMO Nesbitt Burns Feb-17 -1.90%
Conference Board of Canada Aug-16 -0.40%
RBC Dec-16 0.00%
Private Sector Average   -0.40%
NL Department of Finance Sep-16 0.60%

 

Note:

Benchmark Price The Benchmark Price of $43.55 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 6,397,585 bbls. Forecast uses complete data as of December 31st, 2016.