FCC Chief Agricultural Economist, J.P. Gervais, explains the predicted ups and downs of the 2016 Canadian economy and their effect on the agriculture industry.
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- Canadian interest rates are predicted to remain low in 2016 due to moderate gross domestic product (GDP) growth and low oil prices
- The Canadian dollar is also expected to remain low compared to the U.S. dollar throughout 2016
- While some emerging markets are slowing down (China), others (India) are growing stronger
- Regardless of lower commodity prices, the 2016 outlook remains positive because of expected growth in food demand