There are a number of factors that play to Canada's advantage: our natural resources base; our strong, vibrant and educated population; our business environment; and our business culture. There are many underpinnings for continued strength in the Canadian economy, despite the headwinds we face, which are real and undeniable.
I will say that on balance, we generally agree with the forward track that was put out by the Department of Finance in the spring economic update in terms of the Canadian economy. This, in turn, was based on private sector forecasts of how the Canadian economy will develop over the short and medium terms.
I think that track, for both ourselves and the spring economic update, was a bit more constrained than the figures you're citing from the IMF. It essentially reflects the fact that these headwinds—trade, the circumstances in the Middle East and the continuing uncertainty about the global environment generally—have been dampers on the overall business environment, for sure.
