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Macro - Country Economic Forecasts - Canada

Publisher Oxford Economics
Published Sep 15, 2025
Length 8 Pages
SKU # OFE20418404

Description

Removal of most Canadian counter tariffs, a lower estimate of the US effective tariff rate, and a slightly lower Bank of Canada policy rate have led us to raise our GDP growth forecasts for Canada by 0.3ppts to 1.1% in 2025 and 0.5ppts to 0.9% in 2026.

Table of Contents

8 Pages
Canada: Recession and inflation risks ease as tariffs are rolled back
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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