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Eugene Trostin

Eugene Trostin is a Quantitative Analyst in the Financial Markets Department at the Bank of Canada. His research combines financial economics and monetary policy, with a focus on using quantitative frameworks to interpret market dynamics. Eugene holds a B.A. in Economics from the University of Ottawa.

Do Firms’ Sales Expectations Hit the Mark? Evidence from the Business Leaders’ Pulse

Staff discussion paper 2025-15 Owen Gaboury, Farrukh Suvankulov, Mathieu Utting
We analyze Canadian data from the Bank of Canada’s Business Leaders’ Pulse, examining firms’ sales growth expectations. We find that expected growth predicts outcomes, uncertainty influences forecast errors and revisions, and firms with weak past performance anticipate and experience weaker future growth. These results highlight the survey’s value for understanding business expectations.

Jamie Armour

Jamie is a Manager in Payment and Settlement Operations in the Banking and Payments Department (BAP).

David Longworth

David Longworth served as a Deputy Governor of the Bank of Canada from April 2003 until his retirement from the Bank in March 2010. As a member of the Bank’s Governing Council, he shared responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank. […]
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