Recent forecasts for the Canadian economy show stronger performance than recent headline data on GDP growth and employment levels suggest. Canada is poised for an economic rebound in the second half of this year that gains further strength in 2027.

“The foundation is more solid than it looks and the Canadian engine of growth is revving up,” said Frances Donald, chief economist at the Royal Bank of Canada, in summarizing the latest quarterly Canadian outlook by RBC Economics, released June 15.