Chart 21: Policy uncertainty remains volatile and above historical levels https://www.bankofcanada.ca/?p=246636 Economic Policy Uncertainty Index Trade Policy Uncertainty Index 196.863.0 199.268.3 206.768.0 211.263.1 219.560.7 213.167.7 214.055.0 177.947.5 172.749.0 215.259.7 254.656.5 256.754.1 254.045.4 255.349.1 264.246.4 266.453.5 217.052.3 208.661.0 195.461.0 191.964.1 178.256.9 177.768.6 203.069.9 210.867.7 179.759.2 174.456.0 173.052.9 176.956.5 171.645.0 150.233.7 155.731.8 159.537.4 166.549.0 167.354.6 165.050.9 143.856.7 148.263.8 153.361.0 153.758.1 155.651.7 153.154.8 156.061.8 150.358.9 126.847.9 113.441.4 123.035.6 137.930.4 137.618.9 143.011.9 150.417.0 153.417.0 147.623.5 138.123.5 132.620.5 130.123.2 115.134.0 111.438.1 118.045.4 121.145.2 111.454.0 106.860.0 108.060.4 116.253.0 122.840.7 116.244.3 117.654.7 116.462.4 107.062.3 119.259.2 119.562.6 110.562.7 132.361.8 155.857.0 170.760.8 185.379.9 196.295.1 191.394.8 215.192.0 204.395.6 181.690.1 189.572.9 189.247.9 177.744.2 186.156.3 176.564.9 173.858.7 176.258.9 162.261.8 145.374.4 142.371.9 140.059.6 180.260.2 181.663.7 187.467.3 184.564.4 177.855.1 165.255.8 166.249.3 135.040.1 129.629.2 129.819.1 130.015.9 164.422.0 160.118.2 148.421.7 159.324.6 148.924.6 153.924.6 156.930.6 131.721.2 144.424.4 154.427.4 130.530.0 146.030.0 134.142.9 135.136.8 144.245.3 140.442.2 137.335.6 150.232.9 195.340.3 217.140.5 217.952.6 209.760.0 210.857.1 209.764.3 200.776.5 181.295.3 167.595.8 156.495.4 164.382.4 178.481.6 204.285.2 210.170.3 176.550.8 161.443.4 168.359.4 177.168.0 164.672.9 157.869.0 179.774.6 227.167.8 241.365.0 271.040.1 275.337.5 292.530.2 284.326.7 270.629.3 220.241.6 213.045.0 207.242.1 186.836.0 167.241.4 152.748.8 138.446.4 146.741.3 139.040.8 116.040.8 114.140.8 108.040.4 108.247.0 98.758.4 110.057.9 117.654.7 122.157.6 118.057.7 117.854.9 117.356.0 123.060.7 134.569.8 150.673.1 137.670.2 137.973.1 140.779.5 156.468.1 190.251.7 170.339.7 156.842.6 170.751.0 177.853.8 181.445.3 169.741.6 135.536.2 122.043.2 111.449.0 108.949.9 96.754.1 96.262.6 104.577.2 96.380.0 92.286.4 88.577.8 80.980.4 86.573.6 104.473.5 90.766.3 91.974.0 110.367.2 120.873.4 112.672.5 141.778.0 121.872.4 126.361.6 136.354.0 128.467.8 117.958.5 146.953.1 120.852.7 121.152.4 125.256.1 127.559.1 123.651.9 141.658.6 126.061.6 120.753.3 117.353.8 108.553.8 97.354.5 93.844.2 77.740.7 70.740.5 68.243.5 85.640.3 88.844.2 85.540.2 113.544.3 114.041.0 122.132.7 130.836.0 109.844.3 107.636.8 119.936.7 103.139.5 103.045.6 105.065.8 101.068.8 116.863.7 134.675.0 129.595.6 120.0104.0 122.6108.4 110.999.8 125.2100.0 112.6100.1 107.892.6 119.196.9 114.591.5 114.187.7 110.085.3 98.791.8 95.493.5 83.593.2 66.070.6 72.461.0 77.762.1 92.274.7 94.873.1 99.070.9 93.270.9 103.075.6 100.175.9 107.664.9 99.643.2 98.828.5 95.534.6 99.346.4 88.243.9 80.443.5 79.946.8 90.564.8 91.468.2 106.162.4 115.750.7 128.558.1 138.454.7 131.654.5 136.636.5 126.533.4 120.130.5 116.234.4 129.822.3 159.422.4 166.125.9 167.837.5 190.240.8 184.448.9 181.445.1 226.345.2 206.145.2 198.941.8 182.745.6 196.945.3 233.137.1 234.941.3 179.145.8 181.449.3 178.555.4 183.945.1 145.747.6 114.558.6 110.565.8 96.163.6 98.260.0 92.353.9 93.548.7 96.746.4 93.835.3 90.324.1 93.021.9 121.328.9 134.032.0 132.032.0 145.325.9 154.228.6 157.224.7 166.726.9 130.923.9 142.824.7 134.933.2 135.955.9 142.359.5 143.766.5 140.461.7 128.864.9 144.261.3 143.758.8 122.647.2 110.938.3 108.348.3 108.848.3 116.141.5 85.544.8 88.350.7 109.248.8 100.351.7 101.942.7 100.649.9 94.652.8 130.455.7 131.154.3 119.459.1 123.570.8 128.885.6 138.280.8 148.687.9 102.694.3 103.892.2 106.493.7 105.985.4 99.970.4 86.673.9 109.963.1 204.063.6 199.964.2 200.848.7 199.445.4 218.745.7 216.951.6 186.854.1 104.450.9 116.555.7 128.063.1 136.763.5 129.963.8 151.769.1 157.482.9 161.887.9 164.493.1 156.685.6 156.4100.6 158.6100.0 125.482.8 132.275.1 272.563.3 258.450.3 248.759.9 244.049.8 235.757.3 254.073.3 242.469.9 119.573.8 118.976.9 129.185.8 140.292.1 134.688.2 137.074.8 152.173.7 124.263.5 127.760.2 126.651.0 116.847.6 120.447.2 115.249.9 121.164.8 132.674.1 131.073.9 128.370.8 123.676.1 125.973.0 142.473.1 141.966.2 136.466.5 151.763.4 160.566.0 162.555.3 156.151.1 156.648.3 157.549.4 169.253.0 154.762.5 143.564.8 142.067.1 156.679.4 171.384.9 151.373.2 146.070.2 149.976.3 147.974.1 157.271.7 164.263.5 126.155.3 138.661.8 133.562.0 138.555.6 144.155.5 134.868.7 116.068.2 118.773.5 121.569.5 118.562.5 112.959.2 105.156.5 101.748.7 126.652.3 148.057.1 143.961.2 144.967.6 153.073.9 155.173.7 178.068.7 158.968.8 152.571.4 149.594.0 147.590.9 154.381.8 155.578.8 138.481.8 144.378.0 130.577.9 120.959.1 119.962.4 103.476.4 100.699.4 103.2117.1 87.7128.7 87.2129.9 92.6130.7 89.2141.1 87.5124.3 90.7104.1 86.983.3 124.479.0 131.878.3 129.170.6 139.160.1 146.666.1 152.474.7 167.977.6 135.878.1 169.783.4 177.893.1 190.189.3 183.0102.8 176.2104.1 161.2123.0 164.6119.0 129.6110.9 116.3114.4 91.9108.3 94.094.4 118.696.1 118.996.4 110.893.0 107.089.6 109.789.8 119.399.2 111.399.4 87.990.7 85.465.8 83.761.9 93.260.3 92.651.2 81.157.0 78.557.0 73.957.2 81.463.1 116.170.5 128.770.3 122.485.9 137.690.2 147.2119.0 147.8126.5 140.0128.8 109.8139.6 107.2146.5 116.0146.7 104.4144.7 97.9127.1 101.4122.5 117.0120.0 115.0105.6 85.396.2 79.081.7 78.291.3 88.989.3 91.486.8 78.696.0 83.1107.2 85.9112.7 108.0114.2 109.7108.5 95.899.6 93.893.2 91.285.9 93.678.2 97.579.6 81.878.7 80.467.0 90.775.5 92.989.5 98.294.8 91.8106.9 86.4108.4 82.098.5 84.099.2 76.595.4 75.888.3 73.872.3 81.266.5 104.768.1 110.275.9 106.693.5 108.999.1 108.7111.3 105.6116.8 109.5107.9 99.0106.5 121.998.5 120.573.7 119.376.4 110.665.1 224.879.9 252.280.3 248.071.9 226.775.3 233.782.4 253.378.8 252.697.8 146.890.9 141.893.7 154.2108.1 152.6112.2 154.4125.6 145.9133.5 200.8129.7 197.5147.2 167.8140.0 169.1137.9 165.7141.7 172.8131.7 164.9117.7 111.6110.6 108.488.4 106.9108.4 104.3103.8 102.396.3 91.589.7 87.480.3 90.771.0 95.470.7 92.858.0 79.458.0 92.764.8 113.982.2 114.091.2 107.394.7 111.295.4 114.495.7 135.6120.1 124.0120.8 105.1107.8 115.799.1 147.796.5 159.1108.0 168.7116.5 180.9100.7 182.889.6 177.598.5 176.998.3 155.797.7 135.997.7 118.199.9 86.494.1 82.598.3 79.5102.4 71.2115.6 72.0115.3 70.6106.4 76.491.4 82.398.5 167.3111.7 172.8103.8 177.493.7 171.498.4 178.1118.0 176.7121.0 176.5105.8 90.2109.5 97.7127.4 89.0158.5 89.6173.7 88.0151.0 88.7165.0 79.3176.0 79.9177.3 78.7160.4 96.7142.0 107.4125.2 103.2116.6 105.6118.2 102.4112.0 104.7119.5 98.7131.7 91.1127.9 84.1127.4 87.9133.2 84.1133.5 80.1141.9 86.8125.1 84.7111.3 89.4115.4 88.5119.3 86.0134.8 92.5130.1 99.8125.2 89.0126.8 99.8123.8 90.0126.6 93.2122.8 120.4110.2 139.0107.9 151.299.6 154.395.3 156.4109.1 157.7111.1 160.6116.6 132.6126.2 113.2136.6 116.7150.0 150.8165.0 146.9160.4 149.9168.2 142.4163.7 144.5177.1 169.3179.6 171.2176.7 138.3181.5 134.0195.8 129.5196.9 135.9216.0 141.1201.3 162.9190.6 180.5199.7 205.2196.1 240.5208.1 251.9225.2 286.0319.2 316.4398.2 275.4471.7 304.8495.7 329.2525.1 315.5550.6 319.9569.6 290.2488.2 283.9451.3 288.5405.2 283.2386.1 295.3375.0 293.5362.5 295.3337.2 308.6323.4 287.6315.9 279.8325.5 257.8325.8 198.4324.7 188.3335.3 180.5385.0 171.4400.7 177.7394.4 180.5387.5 153.5399.9 152.1375.1 142.9328.6 150.1264.4 139.8261.5 173.9246.8 214.0222.0 210.0199.1 234.5214.4 254.4233.0 261.0226.5 265.5216.6 226.1243.6 193.0256.1 213.6264.8 222.3277.0 201.5311.9 206.6325.8 213.9349.3 220.1324.1 222.1320.5 243.7309.1 220.0278.8 246.2232.3 236.5219.7 228.0187.4 215.9177.5 211.2186.6 177.4192.9 177.3232.5 154.8253.6 156.7296.5 167.9315.5 177.8325.1 187.9328.8 251.6331.9 264.9313.8 288.8330.9 290.3306.6 296.9321.2 293.8323.8 323.8329.7 340.7326.7 333.9337.9 322.0293.5 306.0283.5 290.8284.5 294.9283.7 268.1273.7 241.3298.8 243.5310.5 249.8374.7 251.6404.9 258.2396.6 260.6436.4 248.8450.9 196.7436.3 191.2481.6 197.1463.2 232.0457.0 250.5451.6 298.9450.2 314.3467.5 335.7486.2 362.3514.0 382.9593.8 364.6671.4 377.0713.6 351.3714.6 402.3715.6 449.6705.0 443.8640.6 418.2525.5 427.5451.1 406.0422.8 400.5423.3 345.3394.6 294.9386.4 307.9375.8 315.7412.5 324.6396.2 345.3399.5 357.6420.2 353.4440.2 382.2425.0 379.5417.0 371.9391.5 361.4410.4 348.9409.6 344.1359.8 394.5363.1 394.5374.7 406.2381.1 440.2450.8 458.6511.9 527.8586.2 561.2668.1 586.7715.2 624.3743.2 620.2806.2 660.7789.6 667.4800.4 625.9780.3 607.8734.3 577.8732.0 580.6721.7 619.5715.6 605.3681.2 626.1611.9 625.4579.1 617.2570.5 616.1519.6 585.5515.1 561.7469.7 539.4495.6 500.1481.9 477.0507.7 472.6528.0 440.5523.1 452.1534.5 440.6571.0 467.4610.6 487.8696.9 507.7753.5 537.4898.5 646.71021.9 672.21083.9 695.71144.2 683.61276.6 706.51406.8 735.61518.2 780.41523.1 719.41569.3 741.01596.6 728.41607.0 697.81463.9 684.41365.3 666.21273.1 600.41202.5 575.51067.8 514.81030.5 501.01010.9 511.61053.1 485.01009.7 471.1974.0 486.7966.5 493.2991.9 515.0979.2 575.0984.4 596.5952.4 611.6972.4 686.0940.8 698.1893.9 735.0925.7 730.6918.7 660.8872.2 657.4906.5 656.7917.4 605.6932.7 596.7968.2 592.0916.2 614.2898.4 664.8890.9 658.4839.4 713.5810.4 697.9790.4 694.8718.6 679.8702.0 664.7694.1 621.0654.0 604.5650.9 532.2610.8 502.9586.5 473.3591.1 420.4595.7 368.6603.1 353.3561.5 353.4548.2 347.6524.3 356.5511.7 385.8550.7 408.2631.1 495.0606.1 518.9686.0 529.4686.3 551.2735.0 551.3747.8 525.7705.9 522.2649.6 477.6677.0 459.2670.8 427.3643.2 405.4617.9 428.1603.8 415.2563.7 412.0487.3 398.4451.6 400.3431.2 427.5407.6 458.3396.0 431.6365.1 440.5401.0 425.6440.0 414.3439.1 396.8405.8 377.9423.6 356.6403.0 344.6416.8 341.2380.4 362.3389.4 381.3404.4 425.8404.2 444.7379.7 448.3391.9 528.8391.5 580.4400.1 575.5380.0 560.2368.7 542.0399.0 507.5444.6 492.7464.3 460.2471.3 410.2520.0 410.5542.9 388.8575.7 386.3572.2 441.0576.8 472.8624.4 457.3643.0 477.0624.1 484.7621.8 510.0609.9 495.7643.2 439.8 403.3 379.8