CIBC Capital Markets: Clouds darkening over health of Canadian economy

CIBC Capital Markets analysts are expecting growth of Canadian economy to average just 1% over the final quarter of last year and the first quarter of 2019 as clouds are darkening over the economy.

Key Quotes

“While that’s due in large part to temporary production cuts in Canada’s oil patch, other sectors are also showing signs of fatigue.”

“It’s likely that after a bounce-back in Q2 from rebounding energy activity, that growth cools back down to roughly 1 1⁄2% over the ensuing year.”