The Conference Board of Canada is downgrading its 2016 growth forecast for Canada as the economy continues to suffer from the further deterioration in oil prices. The Conference Board's Canadian Outlook: Winter 2016 estimates that the economy grew by 1.2 per cent in 2015 and is forecast to grow by just 1.7 per cent in 2016.
The Conference Board of Canada
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The Conference Board of Canada is an independent, not-for-profit applied research organization with a specialization in economic trends, which is funded exclusively through fees charged for services to the private and public sectors.