https://www.bankofcanada.ca/?p=39818 Current MPR output gap (%) Historical MPR output gap (%) Output gap (Integrated framework) (%) Output gap (Extended multivariate filter) (%) Foreign demand for Canadian non-commodity exports (GRACE) (2007=100) Foreign demand for Canadian non-commodity exports (FAM-IO) (2007=100) 2.83.73.2 3.33.93.5 1.82.01.9 0.70.70.7 -1.0-1.3-1.2 -2.8-3.2-3.0 -4.2-4.8-4.6 -5.7-6.4-6.2 -4.8-5.5-5.3 -3.5-4.3-4.0 -3.1-3.9-3.6 -2.6-3.3-3.0 -1.7-2.2-2.0 -0.6-0.9-0.7 -0.9-1.1-1.0 -0.2-0.2-0.2 0.50.70.6 0.00.40.2 0.51.00.7 1.21.91.5 0.31.20.8 0.11.20.6 -0.50.70.1 -1.9-0.7-1.3 -0.41.00.3 0.21.70.9 1.02.61.8 1.63.32.4 2.54.13.2 2.84.33.5 2.23.72.9 2.43.63.0 3.14.13.6 3.13.83.4 3.03.63.2 2.42.82.6 3.13.32.1 2.32.31.3 1.21.20.4 0.0-0.1-0.8 -1.7-2.0-2.3 -1.6-1.9-2.3 -1.7-2.1-2.5 -1.8-2.4-2.7 -2.0-2.744.553.6-2.9 -2.3-3.045.454.1-3.1 -2.1-2.846.354.6-3.0 -2.0-2.746.955.3-2.8 -1.8-2.547.655.5-2.6 -1.4-2.048.255.9-2.2 -1.0-1.648.956.3-1.8 -1.1-1.750.257.2-1.7 -0.2-0.851.157.8-1.0 0.60.152.858.4-0.3 1.20.853.559.00.3 1.30.954.859.90.5 1.51.155.260.50.7 0.80.553.561.00.1 0.1-0.154.361.5-0.4 -0.2-0.555.662.0-0.7 -0.9-1.157.362.8-1.1 -1.0-1.259.063.8-1.1 -1.1-1.260.364.5-1.1 -1.2-1.261.865.4-1.1 -0.7-0.863.066.2-0.7 -0.5-0.665.066.9-0.5 -0.3-0.467.068.3-0.1 -0.2-0.368.668.90.0 0.20.170.869.70.4 -0.7-0.872.270.7-0.2 -0.7-0.873.271.4-0.2 -0.3-0.475.072.50.2 0.60.576.273.40.8 0.40.477.774.60.9 1.01.179.375.71.4 1.41.580.376.61.8 2.12.283.078.12.2 2.32.484.679.32.4 2.42.685.880.02.5 1.72.085.080.62.0 1.41.884.580.71.7 0.91.383.080.51.3 -0.10.581.880.40.6 -0.20.480.280.50.3 0.41.279.980.50.9 0.21.280.980.80.9 0.31.581.481.21.1 0.21.481.581.41.0 0.21.581.382.01.0 -0.70.882.383.10.4 -1.00.683.684.30.2 -0.90.785.285.30.4 -0.80.986.385.80.5 -0.31.588.387.01.0 0.22.189.788.21.4 0.42.290.989.31.5 0.21.992.390.11.3 0.32.093.291.41.4 0.92.694.192.51.8 1.33.096.393.12.1 1.63.198.094.72.2 1.22.698.695.61.8 0.92.298.896.51.6 0.92.199.097.51.4 1.22.299.598.61.5 1.82.6100.599.51.9 1.82.4100.5100.51.8 1.62.199.5101.41.4 1.41.699.0101.71.2 1.41.698.2102.11.1 1.92.095.7101.41.3 0.40.590.299.00.0 -2.1-2.181.896.3-2.2 -3.5-3.579.095.7-3.4 -3.4-3.380.896.4-3.3 -2.7-2.483.397.1-2.5 -1.8-1.584.397.7-1.7 -1.7-1.387.199.3-1.4 -1.5-0.988.3100.4-1.1 -0.9-0.289.0101.7-0.4 -0.50.189.7102.0-0.1 -0.8-0.190.8103.0-0.3 0.10.792.9104.40.4-0.8 0.41.095.2105.40.6-0.7 0.00.597.4106.70.3-0.6 -0.30.298.5107.50.2-0.4 -0.7-0.398.7107.8-0.2-0.8 -1.0-0.699.1108.4-0.5-1.2 -0.6-0.499.9109.4-0.2-1.2 -0.5-0.4100.7110.1-0.2-1.4 -0.3-0.2101.9111.1-0.1-1.4 0.30.2102.8112.30.2-0.9 0.0-0.3104.1113.20.0-1.1 0.40.0106.9114.70.2-1.1 0.80.4107.9116.00.5-0.9 1.10.6109.4117.10.6-0.6 0.2-0.5110.0117.9-0.1-1.1 -0.4-1.2111.0118.8-0.6-1.6 -0.5-1.3112.3119.6-0.7-0.9 -0.9-1.7112.3119.9-1.0-1.3 -0.7-1.5112.3120.7-0.9-1.1 -1.6-2.4112.5121.4-1.6-1.8 -1.1-1.8113.3122.5-1.2-1.3 -1.0-1.6114.5123.3-1.0-1.4 -0.2-0.7115.9124.4-0.4-0.8 0.4-0.1116.7125.40.2-0.1 -0.1-0.5117.1126.40.0-0.1 0.0-0.4119.3128.10.0-0.2 0.70.3120.6129.60.6-0.3 1.00.6121.6130.60.8-0.1 1.10.6122.8131.20.8-0.3 1.00.3122.8131.80.6-0.4 0.90.1123.0132.50.4-0.7 1.60.7124.4134.00.9-0.3 1.50.5124.8135.20.7-0.2 1.30.3123.1135.50.5-0.3 -1.0-2.0120.2132.8-1.7-2.2 -12.2-13.1101.2122.4-6.1-6.4 -4.5-5.6117.1131.4-4.0-3.9 -3.0-4.1123.0134.2-3.1-3.7 -1.5-2.7124.1136.5-1.8-2.6 -1.8-3.1125.7139.5-2.0-2.7 -0.2-1.5126.4140.5-0.5-1.8 1.1-0.1129.0142.21.2-0.3 1.70.5132.0143.31.50.3 2.31.2133.1144.42.00.9 2.61.4133.2145.81.91.1 2.10.8133.6146.51.40.7 2.41.2134.5148.31.70.8 1.70.6136.0149.71.30.2 0.8-0.1137.1150.70.7-0.1 0.0-0.9137.8152.00.0-0.9 -0.2-1.0138.3152.9-0.2-1.2 -0.4-1.0138.9154.0-0.2-1.1 -0.6-0.7139.9155.5-0.2-0.9 -0.7-0.5139.8156.3-0.2-0.5 -0.8-0.3142.6157.5-0.2-0.4 -1.8-1.1141.7158.8-1.1-1.1 -1.6-0.8140.7160.1-0.8-0.8