Canada's economy expected to gain momentum in 2016

December 7, 2015

Canada’s recovery from a mild recession this year is likely to gain momentum in 2016, the Conference Board of Canada said Monday. While a pickup in exports will be the likely driver overall next year, Alberta,  currently the country’s weakest link should benefit from slightly higher oil prices and infrastructure investment, leading to a modest rebound in economic growth in 2016 after a resources-driven decline this year, with a 1.2 per cent growth for the province next year.

"Government spending will continue to weigh on economic growth, as the provincial government continues the fiscal austerity required to eliminate its deficit by 2017-18. Over this period, exports and business investment are expected to pick up the slack, keeping Ontario's economic growth on track," the board said.

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