The Canadian economy ended 2005 on a mixed note. Some of November�s strength appeared to moderate December saw job losses and a decline in the trade surplus. Yet, fundamentally, the Canadian economy remains sound. The BoC is likely to raise its target rate to 4.0% by year-end, but the economy should continue to post around 3% real growth.
GDP grew mainly on manufacturing strength. The job market remains healthy, despite losses. Retail sales are strong. Housing is strong, but moderating. The trade surplus fell. Inflation remains benign. The end-2006 10-year bond yield is forecast to be 5.0%.
( Full Report, 1 pages, pdf, 0.10 MB).
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