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

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

Short-Term Expectations Largely Positive: Metropolitan Housing Starts, December 2020

There are 10 CMAs with positive short- and long-term expectations this month, the same number as last month. There are only three CMAs in the down-down quadrant, signalling negative expectations for the short and long terms.

Online experience  |  2-min read
January 11, 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 11, 2021

Labour market recovery goes into reverse in December

Rising COVID-19 cases through the late fall and into winter led to shutdowns across the country, which weighed on employment growth. In all, employment fell in December, the first decline in employment since April. With restrictions remaining in place or even being tightened into 2021, employment growth is likely to decline further in January and remain weak in the first half of the year.

Quick take  |  3-min read
January 8, 2021

Growth, Jobs, and Inflation Interrupted: U.S. Outlook to 2040

The U.S. economy will slowly recover from the devastating effects of COVID-19. By 2023, the gap between potential and actual growth should close. However, there will be lingering effects.

Online experience  |  3-min read
January 7, 2021

Consumers Show Some Optimism at Year’s End: Index of Consumer Confidence

Canada’s economic recovery depends on an improvement in consumer confidence. While some industries have recovered, many remain well below pre-pandemic levels. Those furthest from recovery are mainly industries that require social gathering and are, from a consumer’s spending perspective, discretionary.

Online experience  |  8-min read
January 4, 2021

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Pedro Antunes

Chief Economist

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