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- Economic growth strengthened as final domestic demand edged lower Exports advanced at the fastest pace in five years Growth in household spending moderated to a seven-year low Lower business investment weighed on economic growth Outlays on housing rose for the first time since late 2017
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Oct 27, 2021 · The pace of the economic recovery slowed during the first half of 2021 as supply chain disruptions and third wave restrictions weighed on activity. Consumer prices rose steadily during the first half, as gasoline, shelter, and durables put upward pressure on headline inflation.
Mar 24, 2021 · This article highlights changes in the pace of the economic recovery as tighter COVID-19 containment measures came into effect in late 2020 and early 2021. It provides an integrated analysis of recent changes in output, household spending, business investment, and international trade.
Feb 29, 2024 · OTTAWA - The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses.
- Introduction
- Supply Constraints
- Risks to Our Outlook and Adjusting to Incoming Data
- Our Decision Yesterday
- Conclusion
Good afternoon. It is a pleasure to be with you virtually today. Thank you, Anita, for that kind introduction, and thank you to all members of the Surrey Board of Trade for welcoming me. My heart goes out to those affected by the recent floods that have been devastating for so many British Columbians. Canada’s economy has come a long way since the ...
I don’t think I’m exaggerating when I say most of us have had a recent experience with supply chain disruptions. Whether you have been looking to buy a car or a dishwasher, or are shopping for family ahead of the holidays, the reality is that some goods are not available and wait times are longer. These supply shortages aren’t just affecting Canada...
Given the unprecedented nature of the pandemic and the uniqueness of the recovery, evaluating the risks to our outlook has taken on more importance. Central banks must assess where the economy and inflation are heading, since monetary policy actions take time to flow through the economy and achieve their desired result. Nonetheless, even in normal ...
So where do things stand now? Let me first turn to some good news. Last week’s Labour Force Survey provided a very strong indication that Canada’s job market has largely recovered in most sectors. Workers have rejoined the workforce, notably in the service sector, and companies have hired to meet demand. On top of this, job vacancies across the cou...
There is much to be hopeful for as we move closer to a full recovery. Many public health restrictions have been lifted, although new variants remain a cause for concern. People are getting back to work, and companies are investing to meet growing demand. Nevertheless, the unique circumstances of this recovery present important challenges. With CPI ...
Sep 9, 2021 · When the pandemic hit in spring 2020, we provided unprecedented monetary stimulus to support Canadians. We lowered our policy rate to just one quarter of a percent and committed to keeping it there until economic slack is absorbed so that we sustainably achieve our 2 percent inflation target.
Jun 23, 2020 · Analysis. Here's how Canada's economy will look coming out of COVID-19. COVID-19 has prompted lenders to cut mortgage rates to record lows, a welcome development for buyers. And those lower...
This section presents a snapshot of the current state of the Canadian economy. It covers the following topics: The structure of the economy and trends. The pandemic and the economic recovery. An economic snapshot by region. Note: Data compiled based on published sources as of October 22nd 2021.
