May 2016 Forecast of Real GDP Growth

2016 Forecast 

Real GDP Growth Date Completed Benchmark Price
May-16 -0.77%
     
CIBC World Markets Jun-16 -0.80%
Scotiabank Group Mar-16 -0.90%
TD Economics Jul-16 -0.60%
BMO Nesbitt Burns Jul-16 -2.00%
Conference Board of Canada Jul-16 0.20%
RBC Jun-15 -0.30%
Private Sector Average   -0.73%
NL Department of Finance Mar-16 1.00%

 

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 5,708,293 bbls. Forecast uses complete data as of May 31st, 2016.