Economies in western Europe and Japan will weaken in 2007
GDP would see very little impact of lower energy prices
Growth is now expected to average about 2.5% in the first half of 2007
Emerging markets offer challenges and but will opportunities for Western nations
Municipal and corporate issuance to drop modestly
Optimism toward Canadian economy has weakened
Manufacturing growth to fuel hiring
Growth led by China and India
Strong resource prices creating wealth throughout Canada
Outlook for TSX remains strong despite sharp drop