2015 Forecast - January Edition

Real GDP Growth	Date Completed	Benchmark Price
	Jan. 2015	1.28%
CIBC World Markets	June 2014	0.90%
Scotiabank Group	Dec. 2014	0.70%
TD Economics	Oct. 2014	0.70%
BMO Nesbitt Burns	Dec. 2014	1.00%
Conference Board of Canada	Nov. 2014	-1.30%
Royal Bank of Canada	Dec. 2014	0.50%
Private Sector Average		0.42%
Department of Finance	Mar. 2014	0.50%

 

 

Note:

 

Benchmark Price

The Benchmark Price of $60.70 is the average monthly Brent spot price provided by the United States Energy Information Administration (EIA) for the year 2015. The forecasted monthly Brent spot price is also provided by the EIA.

 

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CARE forecasts assume monthly Oil Production to be approximately 6,640,456 bbls.

*Forecast uses complete data as of January 31, 2015*