Post-Election Canadian Outlook with the Chief Economist — Autumn 2015

The newly-elected federal government faces an environment of economic uncertainty. The Canadian economy has had a rough year, with persistently-low oil prices, a collapse in business investment, a decline in the exchange rate, and limited short-term fiscal action to boost growth. We even slipped into recession in the first half of 2015—albeit with signs of recovery in June. And while growth appears to be picking up in the second half of 2015, Canadian businesses should not expect a marked rebound any time soon. 

So what does this mean for the economy moving forward? And how will the policies and potential decisions of the federal government affect your organization in 2016 and beyond?