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Welcome to your daily dose of news on the future of the Canadian economy, including several articles on the economy that include:

The Economic Outlook.

The Job Market and Long term job plans for 2017.

Tax policy updates and the Tax System.

What’s good news?

There are two important themes in our economic outlook that we will address as we go through the past two weeks:

Canada’s current account deficit is expected to return to balance

Canada is expected to see strong growth and productivity gains as it recovers from the financial crisis and global and provincial slowdowns. The economy continues to have room for growth by the end of the decade, as evidenced by strong growth this year and in 2015.

Canada has been making steady progress toward a balance-of-payments surplus and, as a result, has returned to a fiscal position that was in deficit, meaning that the government no longer needs to make expenditures on the interest rate. In 2010, the government returned to surplus on the current accounts and this helped to provide confidence that the economy had made sufficient progress toward a balanced budget. Canada will not return to surplus until 2017-18.

Canada’s current account deficit is expected to return to balance in the medium term. Over the next few years, we expect the deficit to return to a small deficit. However, we expect net worth to grow more quickly than the economic growth rate – our economic indicators are showing that growth will not be at the same pace as in 2013-14. The recent sharp economic slowdown in China is clearly a factor in this slowing down in economic growth, while the European economic crisis and the US financial crisis are also contributing to weaker growth and a drop in inflation. The fiscal situation is still in flux. There still remains room for fiscal stimulus

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