Content type

Canada’s External Position To Improve Marginally In 2024

Country Risk / Canada / Tue 05 Mar, 2024

Key View

  • We forecast that Canada’s current account deficit will narrow to a 16-year low of 0.2% of GDP in 2024, from 0.6% in 2023.
  • This improvement will largely reflect a combination of softer import demand linked to a challenging domestic economic environment and a rebound in oil production.
  • Canada’s external sector continues to pose
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Canadian Economy Regains Some Momentum In H123

Country Risk / Canada / Wed 19 Jul, 2023

Key View

  • We have revised modestly higher our forecast for Canadian real GDP growth in 2023 from 1.2% to 1.6% (consensus: 1.0%), as we had signalled was likely in our June update.
  • The upward revision largely comes in response to an unanticipated rebound in housing, as well as incoming data suggesting that Canadian households are weathering
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Canada’s Medical Device Market To Benefit From Government Commitment To Long-Term Healthcare Funding

Medical Devices / Canada / Fri 30 Jun, 2023

Key View

  • We have maintained Canada’s medical device market forecast, but weak economic growth will pose downside risks to market growth.
  • Canada’s dental market will benefit from the government’s continued focus on improving affordability and access to dental services.
  • Long-term government commitment to improving the country’s healthcare
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Risks To Policy Continuity Rise At The Margin In Canada

Country Risk / Canada / Thu 20 Apr, 2023

Key View

  • We have revised slightly lower Canada’s score in our Short-Term Risk Index from 88.1 to 85.0, reflecting rising risks to policy continuity and a more challenging backdrop for policymaking.
  • Disagreements over the trajectory of fiscal policy may represent one point of contention between the Liberal minority government and the
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Low Base Drives Improved Canadian Vehicle Sales Outlook For 2023

Autos / Canada / Fri 17 Mar, 2023

Key View:

  • A lower base than expected in 2022 means that we now forecast the light vehicle market to grow 7.8% in 2023.
  • Growth will be led by pent-up demand in the light truck segment specifically.
  • We also expect policy and budget provisions to support the ongoing outperformance of the EV market in 2023.

We hold a more positive outlook

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