Canada Country Snapshot


EIU

Canada - Economist Intelligence Unit - The Economist

DOMESTIC POLITICS: Recent strains among the opposition parties and signs of a bottoming out of the domestic recession could bode well for the ruling Conservative Party. The left-leaning New Democratic Party (NDP) has changed its political strategy and decided to support the minority Conservative government in two parliamentary votes in late September and early October respectively. The NDP's shift has enabled the Conservatives to stave off attempts by the Liberals, the biggest opposition party, to push through a vote of no confidence against the government. Approval of the vote would have precipitated a general election.

Country Forecast Overview (3 Year)
Key Indicators 2008 2009 2010
Real GDP Growth (%) -.80 -3.50 1.00
Consumer Price Inflation (av;%) 2.37 .20 1.40
Budget Balance (% of GDP) 1.50 -2.50 -4.10
Current-Account Balance (% of GDP) .51 -2.70 -1.80
Exchange Rate US$:Euro (av) 1.07 1.15 1.07
Exchange Rate US$:Euro(year-end) 1.22 1.09 1.06

Canada GDP PPP & GDP Growth Rates
2004 - 2008
Canada GDP Growth Rate Chart

Year GDP in Billions of USD PPP % GDP Growth
2004 1,049.90 2.05
2005 1,132.00 1.97
2006 1,203.38 1.80
2007 1,260.82 1.40
2008 1,293.09 -0.80
Source: EIU Country Data

Canada: risk assessment
Risk July 2009
Sovereign risk AA
Currency risk AA
Banking sector risk AA
Political risk AAA
Economic structure risk AA
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