Economic Expectations 2010: 29th Annual Canadian Survey
- Document type
- Corporate author(s)
- Towers Watson
- Towers Watson
- Date of publication
- 24 March 2010
- Trends: economic, social and technology trends affecting business
- Business and management
- Material type
This report presents the findings of Towers Watson's 29th Annual Canadian Survey of Economic Expectations (SEE). The findings are based on the projections of the country's leading business economists, strategists and portfolio managers from more than 50 organizations, such as chartered banks, investment management firms and other corporations. In November 2009, participants were asked to provide forecasts for 24 economic and financial indicators as well as views on pension investment strategies. The results have been compiled to give a consensus opinion on Canada's economic prospects over the short (2010), medium (2011–2014) and long terms (2015–2024). Key findings:
- No Double dip in Canada, but gradual recovery in 2010.
- Canadian Dollar above US95¢ in 2010, but split opinions over the long run.
- Mid- and long-term Inflation to stay below 3%.
- Interest rates and Government Bond yields to rise as the economy recovers
- High level of uncertainty to persist regarding stock market returns in 2010
- Funded position of Defined Benefit (DB) pension plans continues to Improve.
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