The numbers released today were based on the average of private sector forecasts for economic growth in 2016 - 17. (macleans.ca)
This is illustrated in Exhibit 1 which shows how private sector forecasts for 2008 through 2013 have evolved over time. (newyorkfed.org)
The average of the private sector forecasts forms the basis for the economic assumptions used for fiscal planning purposes in the budget and fall update. (3dpolicy.ca)