Growth Forecast: Cent and March Budget

growth forecast: That's down from an original projection of 2.5 per cent in the March budget, according to The Toronto Star. The growth forecast for this year was cut to 2.5 per cent from 2.7 per cent. Gross domestic product will increase 2 per cent in 2019, the province said Friday in its second-quarter fiscal update. The plunging price of local crude is threatening to eat into corporate profits and reduce investments in Alberta. The situation, costing the nation's economy 80 million Canadian a day, has spurred the province to seek to buy rail cars to help move more crude to market and appeal to the federal government for help. Larry Mac Dougal / THE CANADIAN PRESS file photo The dimmer outlook reflects the fallout from a crisis in Alberta's oilpatch, sparked by a lack of pipeline space that has sent Canadian heavy-crude prices to record lows and prompted companies to shut in production. (news.financializer.com). As reported in the news.