Complete Bid Book – United Bid

6
Economic Information
Canada
Canada is poised to be the G7’s growth leader in the coming years. Buoyed by consumer
spending and housing activity delivering strong gains, analysts expect real Gross Domestic
Product (GDP) to grow 1.9% in the next year and stay on track in the years to follow.
Government spending on infrastructure and a moderate increase in business investment will
spur economic growth in years to come, and Canadian exports are expected to strengthen over
the next few years.
Historicals
Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Real GDP growth – – 3.1% 3.1% 1.7% 2.5% 2.6% 0.9% 1.5% 2.8%
Average annual – – – – 41.8k 42.3k 42.9k 43.1k 43.1k –
per capita income
(Canadian dollar)
Average rate 1.8% 2.9% 1.8% 2.9% 1.5% 0.9% 1.9% 1.1% 1.4% 1.6%
of inflation
Interest base rate 2.6% 3.0% 2.6% 3.0% 3.0% 3.0% 3.0% 2.8% 2.7% 2.9%
Canadian dollar 1.03 0.99 1.03 0.99 1.00 1.03 1.10 1.28 1.33 1.31
to US dollar
Canadian dollar
to Swiss franc
0.99 1.11 0.99 1.11 1.07 1.11 1.21 1.33 1.35 1.35
Forecasts
Year 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Real GDP growth 2.0% 1.8% 1.2% 1.8% 1.3% 1.8% 1.9% 2.0% 2.1% 2.1%
Real GDP growth 2.0% 1.8% 1.8% 1.8% 1.8% – – – – –
Inflation 1.7% 1.9% 1.2% 1.6% 1.4% 1.4% 1.4% 1.4% 1.4% 1.3%
Interest base rate 3.3% 3.7% 2.9% 2.4% – – – – – –
Canadian dollar 1.29 1.29 1.26 1.22 1.22 1.22 1.22 1.22 1.22 1.21
to US dollar
Canadian dollar
to Swiss franc
1.34 1.30 1.33 1.25 1.25 1.25 1.24 1.25 1.25 1.25
Sources available upon request.
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