Canada's economy has shown strength in 2017. However, caution should be consider when reviewing the GDP growth numbers due to fact that oil production has rebound both due to higher prices as well as production returning to Fort McMurray

1. CANADA GDP – APRIL 2017
BY: PAUL YOUNG, CPA, CGA
DATE: JULY 3, 2017

2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. GDP / CANADA – APRIL 2017
• Source – Stats Canada

4. GDP / CANADA – GDP COMPARISON

5. MONTHLY GDP CHANGE / CANADA
• Stats Canada – June 30, 2017

6. BMO/GDP
Source – BMO Economics

7. SCOTIABANK GDP ANALYSIS
Source – Scotiabank Economics
• May 2016 GDP reflected the oil production drop
due to Fort McMurray Fire
• The GDP is average the same rate it has for 15+
years which is about 2.2%
• April GDP pull back to annualized level of 2.3%
• Real Estate is under pressure due unsustainable
housing prices
• Bank of Canada has warn that a hike in
interest rate could put stress on the
household budget