Canadian Economics

The Conference Board of Canada is the country’s largest private economic analysis and forecasting unit. Key services include medium- and long-term outlooks on the national, provincial/territorial, metropolitan, and industrial economies, as well as custom economic analysis and forecasting. We are here to help leaders cut through the noise and make informed decisions to build the Canada of tomorrow.

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Recent releases

Government Support and Vaccine Rollout Provide Hope: US Outlook

Encouraging news about vaccines suggests that the pandemic should start to fade by the autumn of 2021. However, given that it will take a while before a majority of Americans can be vaccinated, the U.S. economy is in for a tough few months, as surging COVID-19 cases have forced many states to further tighten restrictions while they fight to control the spread of the virus.

Online experience  |  2-min read
January 20, 2021

COVID-19 restrictions weigh on December inflation

Inflation decelerated to 0.7 per cent in December. In all, price inflation was only 0.7 per cent in 2020, the smallest increase since 2009. Tightened restrictions across regions in December significantly weighed on consumer demand for transportation, thus pulling down consumer prices.

Quick take  |  2-min read
January 20, 2021

New year, same policy interest rate

The Bank of Canada held its policy interest rate steady and announced that it will continue with its quantitative easing program. With core inflation well below its target of two per cent, and a slowdown in the economic recovery over the past few months, today’s announcement was expected.

Quick take  |  2-min read
January 20, 2021

November’s manufacturing sales show signs of weakness

Increasing COVID-19 case counts in the fall have begun to affect the broader economy. Manufacturing sales slowed by 0.6 per cent in November, the second consecutive decline. While only a minor decline, more restrictions through December and January should further restrict economic activity, and thus manufacturing output.

Quick take  |  3-min read
January 19, 2021

Tough Times Ahead: Provincial Outlook

The COVID-19 pandemic has caused a sharp contraction in economic activity throughout the world. We expect global real GDP to decline this year, crushed by the lockdowns that brought a halt to non-essential activities in most countries in the second quarter of 2020.

Online experience  |  3-min read
January 18, 2021

Recovery Rests on Vaccine Rollout: Canadian Outlook

The news that safe and effective vaccines against COVID-19 have begun to be distributed has provided optimism that the pandemic could soon be beaten, lifting battered economies all around the world out of the deepest recession in modern times. This aligns with the assumption in our prior forecast, along with the expectation that still rising COVID-19 cases would lead to additional health-related restrictions and flatten the economic recovery over the first half of 2021.

Online experience  |  2-min read
January 12, 2021

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Pedro Antunes

Chief Economist

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