Update of Economic and Fiscal Projections 2015

November 20, 2015

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Table of Contents

Highlights

Chapter 1 - Introduction

Chapter 2 - Economic Developments and Prospects

Introduction

Global Economic Developments and Outlook

Financial Market Developments

Commodity Prices

Recent Economic Developments in Canada

Canadian Economic Outlook—Private Sector Forecasts

Chapter 3 - Changes in the Fiscal Outlook  Since the April 2015 Budget

Impact of Economic and Fiscal Developments

Summary Statement of Transactions

Outlook for Budgetary Revenues

Outlook for Program Expenses

Risks to the Fiscal Projections

Sensitivity of the Budgetary Balance to Economic Shocks

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