Prima: The Bank of Canada’s New Projection and Policy-Analysis Model—An Overview

Staff analytical paper 2026-47 (English)
Donald Coletti, Martin Kuncl, Martin Harding, Dmitry Matveev, Tolga Özden, Yang Zhang
October 2026
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Available as: PDF

Prima is the Bank of Canada’s new model for projection and policy analysis. It builds on the economic foundations of earlier Bank models, adding detail on how sectoral pressures affect production costs and their pass-through to consumer prices.

Content Type(s): Staff research, Staff analytical paper
JEL Code(s): C, C4, C43, C8, C82, E, E3, E30, E31, E37
Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Real economy and forecasting

DOI: https://doi.org/10.34989/sap-2026-47