Ottawa: Finance Minister Joe Oliver met with Canada’s leading private sector economists to gather their views on Canada’s economic prospects during the week.
The economists confirmed that Canada’s economy remains resilient, despite an uncertain global economic climate. Noting that risks remain, Minister Oliver reiterated the Government’s relentless focus on creating jobs, growth and long-term prosperity through the low-tax Economic Action Plan.
The average of private sector economic forecasts forms the basis for the Department of Finance’s economic and fiscal planning assumptions. This ensures objectivity in the fiscal forecast—a practice supported by organizations like the International Monetary Fund.