January 20, 2021 While a second wave of COVID-19 is hurting Canadians now, the economy should rebound strongly later in the year. The Bank is forecasting growth of around 4 percent this year and close to 5 percent in 2022.
A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.
October 28, 2020 The Bank expects Canada’s economy to grow by almost 4 percent on average in 2021 and 2022, following a decline of about 5 ½ percent in 2020.
July 15, 2020 The Bank expects a sharp rebound in economic activity in the reopening phase of the recovery, followed by a more prolonged recuperation phase.
April 15, 2020 Canada’s economy faces two significant shocks—the plunge in global oil prices and the impact of the COVID-19 pandemic.
January 22, 2020 The Bank projects that growth in the Canadian economy will accelerate from 1.6 percent this year to 2 percent in 2021.
October 30, 2019 The Bank projects that Canadian economy will grow by 1.5 percent this year, 1.7 percent in 2020 and 1.8 percent in 2021.
July 10, 2019 The Bank updated its forecast for real economic growth to 1.3 percent this year, 1.9 percent next year and 2.0 percent in 2021.
April 24, 2019 The Bank’s new forecast calls for real economic growth of 1.2 per cent this year, 2.1 per cent next year and 2.0 per cent in 2021.
January 9, 2019 The Bank projects that Canadian economic growth will slow to 1.7 per cent this year before rebounding to 2.1 per cent in 2020.
October 24, 2018 The Bank projects that the Canadian economy will continue to grow in line with its potential through 2020.