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Oct 27, 2021 · Overview. 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.
Oct 31, 2023 · Canada's economy is showing clear signs of a slowdown, as after shrinking in June, the total value of all goods and services sold was essentially unchanged in July and August — and likely...
- Introduction
- Economic Update Since July
- The Reinvestment Phase
- Conclusion
Thank you for the kind introduction. I am very pleased to be with you virtually in Montréal. My only regret is that I cannot be with you in person. For many of us, it has been a summer of reunions after many difficult months apart through this pandemic. I have family in Montréal, and I’m grateful I’ve been able to visit recently, but so far speakin...
Let’s review economic developments since the July Monetary Policy Report(MPR) because it is progress toward recovery that guides adjustments to our QE purchases. Globally, the economic recovery continued through the second quarter, led by strong US growth. While global economic activity is showing solid momentum heading into the third quarter, supp...
This brings me to the second part of my remarks today—our QE program and monetary policy for the recovery. The economic recovery we have experienced to date has allowed us to gradually reduce the pace of QE purchases from at least $5 billion a week to a target of $2 billion a week. At that pace, we are still adding stimulus—but at a slower rate. Wh...
Let me conclude. The economic recuperation from the pandemic continues to be bumpy and uneven. Progress with vaccinations has allowed many of us to enjoy a return to more normal activities. This is supporting job gains and economic growth, particularly in the sectors that have been hit hardest by the pandemic. And we continue to expect strong growt...
Jul 19, 2021 · The Covid-19 recession ended in April 2020, the National Bureau of Economic Research said Monday. That makes the two-month downturn the shortest in U.S. history. The NBER is recognized as the ...
Jan 19, 2023 · There's a lot of talk about a possible recession coming in Canada. What do economists mean when they talk about a downturn, and how does it impact Canadians?
Dec 9, 2021 · While consumption of services started to recover around the same time, it remained roughly 12 percent below its pre-pandemic level through to the beginning of 2021. Only recently have we seen a meaningful increase in services consumption, but it is still 4 percent below where it was before the pandemic.
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Jun 22, 2022 · With inflation reaching astronomical levels, some Canadians may be concerned that rising costs will lead to a decline in economic activity and eventually trigger a recession.
