According to the latest forecastsby the Desjardins Group Economic Studies' team, Canada's economy is expected to grow 1.7% in 2013. A 2.3% gain is expected for 2014 and 2015 should end with real GDP growth of 2.6%.
Quebec's real GDP growth should rise by 1.8% in 2014. Quebec's economy will only return to a cruising speed of over 2.0% in 2015, at 2.1 %, the best performance since 2010. Ontario should see its real GDP rise 2.1% in 2014 and 2.7% in 2015, as the improving U.S. economy should stimulate international exports.
Economic growth has slowed since 2010 in both industrialized and emerging countries. This trend should change in 2014, leading to slightly accelerating growth. Given that inflation is weak, monetary policies could remain expansionary, even if economic growth accelerates. It is thus difficult to envision key rate hikes in the United States and Canada before September 2015.
You can read the full study on the Desjardins Website.