Between early December, 2015 and mid-January the price of oil unexpectedly dropped 24%.[89]:1 RBC economists argued that fear not fundamentals led the shift in financial conditions.:1 Risk adverse investors contributed to a global double-digit decline in the first six weeks of 2016. In Canada, the US, UK and Euro-area yields on long-term government bonds reached an all-time low.[89]:1 As financial market volatility continued in March 2016 the Bank of Canada and Bank of England held their policy rate at 0.5%.
Reference 1: Household consumption, * Durables, * Semi-Durables, * Non-durables, * Services, NPISH consumption, Government expenditures, Government Fixed investment, Residential investment, Non-residential investment, * Non-residential structures, * Machinery and equipment, Intellectual property, Final domestic demand, Exports, Imports, Inventories (change in $ b) and Real gross domestic product.
Reference 2: 2014 YR, 2015 YR, Q1 2015, Q2 2015, Q3 2015 and Q4 2015.
Source: http://en.wikipedia.org/wiki/Economy_of_Canada
Reference 2: 2014 YR, 2015 YR, Q1 2015, Q2 2015, Q3 2015 and Q4 2015.
Source: http://en.wikipedia.org/wiki/Economy_of_Canada
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