Global growth is likely to return by the second half of 2009
Rebound in oil prices and major equity markets expected
Rate cuts by Bank of Canada lending significant support to economy
Unemployment rate will surpass 8% by year’s end
Canadian GDP to drop 1.3%
Economists expect Canada to outperform the U.S.
Near-term risks from contracting North American economy argue against overweighting stocks for now, economists say
Bank cuts GDP growth forecast to zero for 2009
Ontario and Newfoundland are the only two provinces expected to report negative GDP growth in 2009
Updated survey of private sector economic forecasts released