Staff analytical notes
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Finding the balance—measuring risks to inflation and to GDP growth
Using our new quantitative tool, we show how the risks to the inflation and growth outlooks have evolved over the course of 2023. -
Assessing the effects of higher immigration on the Canadian economy and inflation
We assess the complex macroeconomic implications of Canada’s recent population increases. We find that newcomers significantly boost the non-inflationary, potential growth of the economy, but existing imbalances in the housing sector may be exacerbated. Greater housing supply is needed to complement the long-term economic benefits of population growth.