Canadian Economic Growth (Q1'2016) - May 31, 2016
The Canadian economy has been rebounding from a very slow end to 2015, with minimal growth just short of the 3% expected by most economists. However, growth is expected to slowly increase as a result of the wildfires in Alberta and their impact on oil production in the area. The third and fourth quarter are expected to recover well with rebuilding efforts underway, as well as an increase in government spending that will be realized in those months.