- Median GDP for 2023 at -0.4%
- GDP of +2.0% in 2024
- Accumulated savings and commodity prices are main upside risks
- Weaker housing and tightening financial conditions are main downside risks
- Median CPI forecast of 2.9% this year and 2.2% in 2024
- Median response for year-end BOC overnight rate is 4.00% (currently at 4.50%)
- Median response for Q4 2024 is 3.00%
- CAD/USD seen at 0.74 at year end (1.35)
- WTI crude oil seen at $85 at year end
- Full survey
The Bank of Canada does a quarterly survey of market participants and this offers a decent look at where the consensus is.
