Archived - Minister Oliver Meets With Private Sector Economists to Discuss Canada's Economy

April 9, 2015 – Ottawa, Ontario – Department of Finance

Finance Minister Joe Oliver today met with Canada’s leading private sector economists to gather their views on the Canadian and world economies. This meeting comes ahead of the release of Economic Action Plan 2015 on April 21st.

The economists noted that the sharp decline in global crude oil prices and weak global economy were affecting Canada’s economy. However, they also noted that Canada’s underlying economic fundamentals remain strong, and that they expect real gross domestic product (GDP) growth to average about 2 per cent for 2015 as a whole.

The consensus at today’s meeting was that despite the elevated level of uncertainty surrounding the economic outlook, the average forecast in the March survey of private sector economists is a reasonable basis for fiscal planning.

The average of private sector economic forecasts forms the basis for the Department of Finance’s economic and fiscal planning assumptions. This ensures objectivity in the fiscal forecast—a practice supported by the International Monetary Fund—ahead of Economic Action Plan 2015 on April 21st.

Melissa Lantsman
Director of Communications
Office of the Minister of Finance

Stéphanie Rubec
Media Relations
Department of Finance

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