Provincial Forecasts

Uneven recovery: Provincial Outlook, Summer 2020

As COVID-19 spread throughout the world, countries mandated lockdowns to slow the transmission of the disease—economic activity ground to a halt. The pandemic-led shutdown in Canada produced a deep and synchronized impact on economic activity across all provinces in March and April.

August 24, 2020—Impact paper  |  25min read

Bank of Canada holds rate steady, gives vote of confidence in financial sector

Today the Bank of Canada unsurprisingly held the interest rate steady at its lower bound. The health of the financial system allowed it to begin rolling back some of its extraordinary market operations aimed at financial institutions.

Quick take—June 3, 2020

For most provinces, economic activity will not return to pre-COVID-19 levels until the second half of 2021.