
Bio
Calista Cheung is Director of the Survey and Economic Intelligence Division in the Canadian Economic Analysis (CEA) Department. In this capacity, she oversees the economic analysis, research, and outreach activities of the Bank’s five regional offices. She leads the division in executing and publishing the Bank’s Business Outlook Survey, Business Leaders’ Pulse, and the Canadian Survey of Consumer Expectations, and supports the Bank’s communication strategy.
Prior to this role, Ms. Cheung managed the economic research team at the Reserve Bank of New Zealand from 2024 to 2025. She first joined the Bank of Canada in 2003 as an economist in CEA before moving to the International Economic Analysis Department as a senior economist. She worked at the Organisation for Economic Co-operation and Development (OECD) as an economist and then senior economist from 2009 to 2014, and then returned to the Bank to serve as Regional Director (Economics) for British Columbia and the Yukon until 2024. Ms. Cheung has also worked at the European Central Bank in a secondment, and at the Federal Reserve Bank of Boston as a research intern.
Ms. Cheung has a Master’s degree in Economics from Boston University and a Bachelor of Commerce with Joint Honours in Economics and Finance from McGill University.
Staff analytical notes
The Impacts of Minimum Wage Increases on the Canadian Economy
Staff discussion papers
Survey of Indigenous Firms: A Snapshot of Wages, Prices and Financing in the Indigenous Business Sector in Canada
An Overview of the Indigenous Economy in Canada
Can the Business Outlook Survey Help Improve Estimates of the Canadian Output Gap?
A Three‐Frequency Dynamic Factor Model for Nowcasting Canadian Provincial GDP Growth
New Housing Registrations as a Leading Indicator of the BC Economy
Changing Labour Market Participation Since the Great Recession: A Regional Perspective
Are Commodity Prices Useful Leading Indicators of Inflation?
Staff working papers
The Impact of Emerging Asia on Commodity Prices
Evaluating Forecasts from Factor Models for Canadian GDP Growth and Core Inflation
Bank publications
Bank of Canada Review articles
Offshoring and Its Effects on the Labour Market and Productivity: A Survey of Recent Literature
Journal publications
Refereed journal
- “Structural and Cyclical Factors behind Current-Account Balances”,
(with D. Furceri and E. Rusticelli), Review of International Economics, Wiley Blackwell, vol. 21(5), pages 923-944, November 2010.
Other
Research
- "Deconstructing Canada's Housing Markets: Finance, Affordability and Urban Sprawl",
OECD Economics Department Working Papers, No. 1145, OECD Publishing, 2014. - “Policies to support sustainable long-term growth in New Zealand”,
OECD Economics Department Working Papers, No. 1076, OECD Publishing, 2013. - “Tertiary Education: Developing Skills for Innovation and Long-Term Growth in Canada”,
(with Y. Guillemette and S. Mobasher-Fard), OECD Economics Department Working Papers, No. 991, OECD Publishing, 2012. - “Policies to Rebalance Housing Markets in New Zealand”,
OECD Economics Department Working Papers, No. 878, OECD Publishing, 2011. - “Structural and Cyclical Factors behind Current-Account Balances”,
(with Davide Furceri and Elena Rusticelli), OECD Economics Department Working Papers, No. 775, OECD Publishing, 2010. - "Understanding the World Trade Collapse,"
(with Stéphanie Guichard), OECD Economics Department Working Papers 729, OECD Publishing, 2009.