Daniel de Munnik


Daniel de Munnik was appointed Director of the Canadian Economic Analysis (CEA) Department’s Real Economic Activity Division in February 2016. In this capacity, he is responsible for the evolution of Canadian real GDP in the short run.

Daniel joined the Bank in 2003 as an economist in the Regional Analysis Division’s Atlantic Regional Office (CEA). In 2010, he joined the Canadian Projection and Policy Analysis Division’s monitoring team where he was later appointed Principal Researcher. His research efforts have been related to Canadian international trade, labour market dynamics (migration), and business conditions survey design. In addition to his work at the Bank, Daniel has also worked as an Instructor for the Economics Department at Dalhousie University (Halifax) from 2006 to 2014.

Born in Orillia, Ontario, Daniel has a master’s degree in economics from McMaster University (Hamilton).


Canadian Economic Analysis
Real Economic Activity

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9


Canada’s Experience with Trade Policy

Staff Discussion Paper 2018-1 Karyne B. Charbonneau, Daniel de Munnik, Laura Murphy
This paper compiles the contemporary view on three major Canadian-led trade policies that have marked Canada’s economic history since Confederation: the National Policy (1879), the Canada–US Agreement on Automotive Products (Auto Pact, 1965) and the Canada–US Free Trade Agreement (FTA, 1989, including its extension to the North American Free Trade Agreement, NAFTA, 1994).
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): International topics, Trade Integration JEL Code(s): F, F1, F13, N, N7, N71, N72

Global Real Activity for Canadian Exports: GRACE

Staff Discussion Paper 2017-2 André Binette, Tony Chernis, Daniel de Munnik
Canadian exports have often disappointed since the Great Recession. The apparent disconnect between exports and the Bank of Canada’s current measure of foreign demand has created an impetus to search for an alternative.

An Update - Canadian Non-Energy Exports: Past Performance and Future Prospects

Staff Discussion Paper 2015-10 André Binette, Daniel de Munnik, Julie Melanson
In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance.

Canadian Non-Energy Exports: Past Performance and Future Prospects

Staff Discussion Paper 2014-1 André Binette, Daniel de Munnik, Émilien Gouin-Bonenfant
Canada has continued to lose market share in the United States since the Great Recession, beyond what our bilateral competitiveness measures (relative unit labour costs) would suggest.
May 16, 2013

Explaining Canada’s Regional Migration Patterns

Understanding the factors that determine the migration of labour between regions is crucial for assessing the economy’s response to macroeconomic shocks and identifying policies that will encourage an efficient reallocation of labour. By examining the determinants of migration within Canada from 1991 to 2006, this article provides evidence that regional differences in employment rates and household incomes tend to increase labour migration, and that provincial borders and language differences are barriers to migration.

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Refereed journals

  • “Assessing the Accuracy of Non-random Business Conditions Surveys: A Novel Approach”
    (with Mark Illing and David Dupuis), Journal of the Royal Statistical Society: Series A (Statistics in Society), vol. 176, p. 371-388, 2013.
  • What Drags and Drives Mobility: Explaining Canada’s Aggregate Migration Patterns
    (with David Amirault and Sarah Miller), Canadian Journal of Economics, Volume 49, Issue 3, pages 1035-1056, August 2016.


  • "Micro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms"
    (with Kuan Xu) In Monetary Policy: Roles, Forecasting and Effects, edited by Yasuo Nishiyama, New York: NOVA Science Publishers, p. 1-50, 2012.


  • M.A., McMaster University (2003)
  • B.Sc. (Honours), University of King's College/Dalhousie University (2002)

Research Interests

  • Labour Market Dynamics
  • Empirical Macroeconomics
  • Business Condition Surveys

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