After recovering rapidly from the Great Recession, the Canadian economy has slowed down in 2012. Growth weakened in the first three quarters of 2012, and recent indicators have suggested that the pace of economic expansion remained subpar in the fourth quarter. The fiscal policy has continued to...

KEY ISSUES Economic Outlook: Strong private consumption and residential investment helped Canada recover quickly from the last recession but left a legacy of elevated household debt and high house valuations. The transition to more balanced economic growth, with stronger contribution from...