Low Oil Prices, Global Economic Uncertainty and Domestic Consumer Debt Worries Weighing on Canadian Economy

Ottawa, May 9, 2016—The decline in commodity prices, subpar global economic growth and overstretched Canadian consumers will limit Canada’s real GDP growth to 1.6 per cent in 2016, according to The Conference Board of Canada’s Canadian Outlook: Spring 2016. While modest, this is an improvement over last year’s growth of 1.2 per cent.

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