This was based on real GDP growth of 2.0 % and nominal gross domestic product growth of 1.6 % in 2015. (3dpolicy.ca)
This would mean an additional reduction in nominal gross domestic product (GDP) by $ 20 billion per year and a corresponding reduction of $ 3 billion in budgetary revenues. (3dpolicy.ca)
This does appear overly optimistic, as nominal gross domestic product (GDP)-- adjusted for the risk adjustment factor - is only expected to increase by only 3.3 %. (3dpolicy.ca)