Overall domestic demand will weaken as the impact of this decline spreads through the Canadian economy via channels such as wealth, income, and interprovincial trade.
If oil prices were to average  8  The LMI looks much deeper into the labour market than the unemployment rate by combining eight indicators of labour market health: underutilization rate, unemployment rate, long-term unemployment, separation rate, participation rate (prime-age), wage growth, average hours worked, and job-finding rate.