November 8, 2021
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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.
Monetary Policy Report – October 2021
Content Type(s):
Publications,
Monetary Policy Report
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.
Business Outlook Survey―Third Quarter of 2021
Content Type(s):
Publications,
Business Outlook Survey
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.
Canadian Survey of Consumer Expectations—Third Quarter of 2021
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
September 24, 2021
Monitoring payment deferrals during the COVID-19 pandemic—update, July 2021
In the initial stages of the COVID-19 pandemic, Canada’s financial institutions allowed households to defer payments on a range of loans. With nearly all of these deferrals having expired, we provide a final update of how these loans have performed through to July 2021.
Content Type(s):
Publications,
Financial System Hub articles
Topic(s):
Coronavirus disease (COVID-19),
Credit and credit aggregates
August 19, 2021
Quarterly Financial Report - Second Quarter 2021 - For the period ended June 30, 2021
Quarterly Financial Report - Second Quarter 2021
Content Type(s):
Publications,
Quarterly Financial Report
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.
Monetary Policy Report – July 2021
Content Type(s):
Publications,
Monetary Policy Report
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.
Business Outlook Survey—Summer 2021
Content Type(s):
Publications,
Business Outlook Survey
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.
Canadian Survey of Consumer Expectations—Second Quarter of 2021
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
May 21, 2021
Monitoring payment deferrals during the COVID-19 pandemic—update, March 2021
In the initial stages of the COVID-19 pandemic, Canada’s financial institutions allowed households to defer payments on a range of loans. With most of these deferrals having expired, we present updated details of how these loans have performed through to March 2021.
Content Type(s):
Publications,
Financial System Hub articles
Topic(s):
Coronavirus disease (COVID-19),
Credit and credit aggregates