"Canada Country Risk Report Q2 2016" is now available at Fast Market Research

Canada's proposed tax changes and previous emphasis on public infrastructure investment during the Liberal Party's election campaign will derail efforts to balance the federal budget by 2019 and see the ruling party's self-imposed CAD10bn deficit cap breached.

The impact of low oil prices on Canada's merchandise trade balance will increasingly be offset by manufactured goods exports, paving the way for the current account deficit to narrow over the coming years.

Canada's central bank will maintain the overnight rate at 0.50% until 2017 when stronger economic growth will prompt the beginning of a gradual interest rate hiking cycle.

Key Forecast Changes

Having previously forecasted a balanced budget by 2016, we now see the federal government's revised 2019 for a balanced budget missed, forecasting a 0.5% of GDP deficit in 2016, rising to 0.8% of GDP by 2019.

Full Report Details at
- http://www.fastmr.com/prod/1118913_canada_country_risk_report_q2.aspx?afid=302

We have revised our current account projections for Canada after a bigger-than-expected decline in oil prices, now forecasting a deficit of 3.1% of GDP and 2.7% of GDP in 2015 and 2016 respectively. We previously projected the deficit at 2.8% and 2.4% of GDP.

Key Risks To Outlook

High household leverage and continued housing price growth could lead to a crash in the real estate sector and trigger a recession.

Continued downside in global oil prices will take a toll on Canada's economy and could depress business confidence.

The Canada Country Risk Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Canada. It is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market.

An influential new analysis of Canada's economic, political and financial prospects through end-2019, just published by award-winning forecasters, BMI Research.

Key Uses
Forecast the pace and stability of Canada's economic and industry growth through end-2019.
Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
Assess the critical shortcomings of the operating environment that pose hidden barriers and costs to corporate profitability.
Contextualise Canada's country risks against regional peers using BMI's country comparative Risk Index system.
Evaluate external threats to doing business in Canada, including currency volatility, the commodity price boom and protectionist policies.

The Canada Country Risk Report by BMI Research includes three major sections: Economic Outlook, Political Outlook and Key Sector Outlook.

Economic Outlook:

How will the Canada' economic policy-making and performance impact on corporate profitability over 2015-2019?

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