Conference Board of Canada raises forecast for Canadian economic growth in 2018Staff Writer | September 21, 2018
The Conference Board of Canada expects the Canadian economy to grow by 2.0 per cent in 2018, up 0.2 percentage points from its previous forecast.
Canada The Canadian economy performed well in the second quarter of 2018
Risks to this forecast are substantial due to trade uncertainty. A collapse of NAFTA would likely subtract 0.5 per cent from growth. Meanwhile, there is a broader risk if the U.S. and Canada increase tariffs. This could subtract as much as 1.3 per cent from Canada's economic growth over a two-year period, according to the Conference Board's Canadian Outlook: Autumn 2018. ■