November 22, 2021 This article presents the key results from the autumn 2021 Bank of Canada Financial System Survey, conducted between September 7 and September 24, 2021. The survey included a special section on the implications of low interest rates on strategies and risks.
November 8, 2021 Quarterly Financial Report - Third Quarter 2021 - For the period ended September 30, 2021
October 27, 2021 The Canadian economy is once again growing robustly, and the recovery from COVID-19 continues. The Bank is forecasting growth of around 5 percent in 2021, 4 ¼ percent in 2022 and 3 ¾ percent in 2023.
October 18, 2021 Firms anticipate stronger demand as pandemic conditions improve, according to results from the Business Outlook Survey in the third quarter of 2021. However, many businesses face supply constraints that will limit their sales and put upward pressure on their costs. Together, these demand pressures and supply challenges are driving widespread plans to invest, hire staff and increase prices.
October 18, 2021 This survey took place in the third quarter of 2021, after most Canadians had been fully vaccinated against COVID-19 and as the Delta variant was beginning to spread more broadly in Canada. Results suggest that consumers plan to increase their spending significantly but remain cautious because of the Delta variant. Canadians think inflation will be higher in the near term due to supply disruptions, but they do not expect this situation to last. Although expectations for labour market conditions improved again, visible minorities, Indigenous people and people with disabilities are showing signs of vulnerabilities. Canadians are not expecting significant wage gains despite recent improvements in the labour market and perceptions of higher inflation.
August 19, 2021 Quarterly Financial Report - Second Quarter 2021 - For the period ended June 30, 2021
July 14, 2021 As the economy reopens after the third wave of COVID-19, growth should rebound strongly. The Bank is forecasting growth of about 6 percent this year, slowing to about 4 ½ percent in 2022 and 3 ¼ percent in 2023.
July 5, 2021 Results from the summer Business Outlook Survey point to continued improvement in business sentiment. Firms tied to high-contact services still face challenges but are becoming more confident that sales will pick up as vaccination rates rise. This suggests an important broadening in the recovery ahead.
July 5, 2021 This survey took place during the third wave of the COVID‑19 pandemic and coincided with the acceleration of vaccination efforts. Like the previous four surveys, this survey included questions on the impact of COVID‑19 and the measures to contain its spread. This survey also asked respondents how they are planning to use the extra savings they may have accumulated during the pandemic.
May 21, 2021 Quarterly Financial Report - First Quarter 2021 - For the period ended March 31, 2021