(Canada Economic Outlook) Canada Economic Outlook While the economy accelerated in the third quarter of 2014, the latest economic data indicate a deceleration in the last three months of the year and at the beginning of 2015.
Sourced through Scoop.it from: globserver.cn
The recent drop in oil prices is imposing a significant drag on the economy. While the energy sector accounts for only 10% of Canadian GDP, the economy is sensitive to changes in the prices of oil (and other natural resources such as minerals and timber). The chart shows the high correlation between the price of West Texas Intermediate (WTI)