As Canada continues to resurface from a technical recession, what figures should investors pay attention to? Bloomberg Business reveals the top numbers that will tell Canada’s economic story in 2016.
1. GDP: After 1.2% GDP growth in 2015, experts are forecasting 1.8% growth this year–below the standard 2% growth that Canada usually experiences.
2. Trade: The price of exports vs. imports fell 7.9% in Q3 2015, from a year earlier.
3. Interest rates: Experts are predicting a 39% chance the benchmark rate will be cut to 0.25%. And there’s a 19% chance rates could go to zero.