The BMO Blue Book ( BMO Investment Banking Group, Bank of Montreal, 26 page blue book), uses the expertise of BMO economists and information given to commercial bankers from local businesspeople. It projected B.C.’s real gross domestic product (GDP) would expand 2.6% this year before falling to 2.5% in 2016.
Alberta’s GDP, which grew at a rate of 4.4% last year, is projected to fall to 0.4% this year as oil prices have declined worldwide. Canada’s national growth rate is estimated to fall from 2.5% last year to 1.8% in 2015.
SOURCES – BMO Investment Group
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