Potential output and the neutral rate in Canada: 2021 update

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We expect potential output growth to be higher than in the October 2020 reassessment. By 2024, growth will be slightly above its average growth from 2010 to 2019. We assess that the Canadian nominal neutral rate continues to lie in the range of 1.75 to 2.75 percent.

DOI: https://doi.org/10.34989/san-2021-6