The Bank of Canada has a number of publications that can help students understand Canada’s monetary policy framework, the current economic outlook, and illustrate how the statistics and concepts could be delivered in their presentations. The Bank’s flagship publications are the Monetary Policy Report, the Financial System Review, and the Bank of Canada Review.
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.
Students should choose the economic indicators they think are most relevant to the current economic situation and organize them to tell their story. Teams should be prepared to defend their choice of unusual data.
Following are some standard data series that could be used:
Gross Domestic Product (GDP)
Gross domestic product (GDP) is a key measure of the health of a country’s economy.
Core Measures of Inflation
The Consumer Price Index (CPI) provides a broad measure of the cost of living in Canada.
The Bank publishes various interest rate data and provides tools to look up historical data.
The Bank publishes various exchange rate data and provides tools to look up historical data.
Statistics Canada publishes monthly reports on employment statistics in the Labour Force Survey (LFS)