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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.
- 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 ...
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?
Oct 31, 2023 · Canada's economy is showing clear signs of a slowdown, as the total value of all goods and services sold was essentially unchanged in July and August — and likely September, too.
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.
Jun 24, 2022 · With inflation at a nearly 40-year high and the Bank of Canada expected to raise its key interest rate next month, these factors could kick start another recession.
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The C.D. Howe Institute Business Cycle Council is an arbiter of business cycle dates in Canada. The Council meets annually, or when economic conditions indicate the possibility of entry to, or exit from, a recession.
