January 8, 2018 Business Outlook Survey - Winter 2017–18 Business sentiment in the winter Business Outlook Survey remains positive: the sales outlook is still healthy, despite some moderation. At the same time, capacity and labour pressures are becoming more apparent and are stimulating firms’ employment and investment plans. Content Type(s): Publications, Business Outlook Survey
May 4, 2017 Canada and Mexico: Common Issues in Uncommon Times Remarks Stephen S. Poloz CanCham México and Club de Industriales Mexico City, Mexico Governor Stephen S. Poloz discusses how shared economic traits leave Canada and Mexico well placed to face global challenges. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
March 31, 2021 Toward 2021: Consultations with Canadians (March 2021) In 2021, the Bank of Canada and the federal government renewed the agreement on Canada’s monetary policy framework. To inform our discussions, the Bank conducted a broad range of public outreach activities between 2019 and 2021. This report summarizes our findings.
May 1, 2001 Monetary Policy Report – May 2001 At the time of the November 2000 Monetary Policy Report, although signs of the anticipated slowing of the U.S. economy were becoming apparent, the momentum of the global economy was considered strong. Content Type(s): Publications, Monetary Policy Report
November 19, 2015 Is Slower Growth the New Normal in Advanced Economies? Bank of Canada Review - Autumn 2015 Abeer Reza, Subrata Sarker This article reviews and examines some of the main explanations for the slow growth that many advanced economies continue to experience seven years after the 2007–09 global financial crisis. Does this muted recovery reflect just a prolonged cycle in the aftermath of a financial crisis? Is it due to a structural inadequacy of demand leading to a long-lasting liquidity trap? Or is it largely supply side in nature, reflecting demographic and technological factors? Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): F, F0, F01, F4, F43, O, O4, O40
Nowcasting Canadian Economic Activity in an Uncertain Environment Staff discussion paper 2018-9 Tony Chernis, Rodrigo Sekkel This paper studies short-term forecasting of Canadian real GDP and its expenditure components using combinations of nowcasts from different models. Starting with a medium-sized data set, we use a suite of common nowcasting tools for quarterly real GDP and its expenditure components. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C5, C53, E, E3, E37, E5, E52 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting
January 22, 2004 Monetary Policy Report Update – January 2004 Since the October Monetary Policy Report, three developments have led the Bank of Canada to modify its outlook for economic growth and inflation in Canada. Content Type(s): Publications, Monetary Policy Report
April 16, 2025 Monetary Policy Report—April 2025—Appendix Canada’s potential output growth is anticipated to slow due to declining population growth and the ongoing trade conflict. The range for Canada’s neutral interest rate lies between 2.25% and 3.25%.
March 22, 2023 Summary of Governing Council deliberations: Fixed announcement date of March 8, 2023 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 8, 2023. Content Type(s): Publications, Summary of deliberations
Weakness in Non-Commodity Exports: Demand versus Supply Factors Staff analytical note 2018-28 José Dorich, Vadym Lepetyuk, Jonathan Swarbrick We use the Terms-of-Trade Economic Model (ToTEM) to conduct demand- and supply-driven simulations, both of which deliver weakness in Canadian non-commodity exports relative to foreign activity in line with recent data. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E5, E52, F, F1, F10, F14, F17 Research Theme(s): Models and tools, Economic models, Monetary policy, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness