Economic Analysis

COVID-19 

This monitor provides daily updates on the evolution of COVID-19 in selected countries using data available as of 8:00am EDT. We also compare the transmission of COVID-19 with that of other pandemics and offer an update of our financial conditions index for Canada.

• Daily Monitor

The policy update, for its part, offers an overview of the monetary and fiscal measures implemented by central banks and governments around the world to mitigate the economic effects of the virus.

• Policy Update

Benchmark Reform Update

This monitor provides a comprehensive picture of the past, present and future issues surrounding the LIBOR transition and broader benchmark reform underway across international financial markets.

• Update

Canadian Economic News

Weekly Economic Watch

The Weekly Economic Watch offers a commentary on developments in the economic environment as depicted by economic indicators released during the week and on indicators to be published in the upcoming week. Trends in a wide range of international, national and provincial economic and financial indicators are also presented.

• Current issue

• Economic Tables

Monthly Monitors

Each month, the World economic outlook, in particular the North-American context, is reassessed. It also includes forecasts for the major economic and financial variables.

Monetary Policy Monitors

Hot Charts

• Canada: Creating jobs in the right places
• U.S.: Full-time job creation is at stall speed
• Canada: Is growth at risk when the COVID-19 programs end?
• World: Best earnings revisions since 1992
• Canada: The BoC is running out of options for weak core inflation
• Canada: “Mind the gap” no more
• Canada: Best pricing environment since 1980 = earnings revisions!
• U.S.: Weak jobs report caused by SUPPLY problems, not weak demand
• U.S.: Not a good combo for USD appreciation
• Canada: More inflation than meets the eye
• Canada: An attempt by OSFI to cool the housing market

Special Reports

An analysis on a current economic or financial topic.

• (2021/04/30) Has the BoC disavowed its own core inflation measures?
• (2020/07/24) Canadian Labour Market: Devils in the details
• (2020/06/29)  Is a second lockdown inevitable?
• (2020/06/01) Canada’s official reserves: Time for a review
• (2020/05/27) Is Canadian residential real estate teetering on the brink?
• How brain gain sustains the Canadian housing market
• Quebec should resist the temptation of procyclical budgeting
• Fixed Income: The ECB contemplates further monetary policy easing
• New NBF Financial Stress Index does not suggest BoC rate cut
• Presentation to the Canadian Economic Club – January 9, 2019
• Fixed Income: Stock-bond correlations: Are we at an inflection point?

Budgets and Financial Updates

Geopolitical Briefing

• Will the leftward tilt of Chile and Peru hurt copper production?
• The monumental challenge of trying to hit climate targets
• Biden will be forced to scale-back plans for additional spending in 2021
• Could China’s digital currency challenge the greenback?
• China and the United States continue their pursuit of greater technological self-sufficiency
• Is a carbon border tax inevitable?
• Taiwan’s semiconductor sector on the front line of great power rivalry
• What a unified Democrat government could accomplish
• Superpowers competing for control of minerals and supply chains to fuel the next industrial revolution
• The road ahead for the Biden administration

Market View

• At long last, a new long bond
• And now, please welcome to the stage… the B-52s
• Watching Canada’s jobs clock
• BoC PBPP/PMMP look-back
• Adjusting the focal range on Canada’s vibrant PSE sector
• After year to remember, Canadian PSEs increasingly active issuers
• Steady as she goes for GoC bond supply
• Quebec confirms impressive fiscal momentum
• Canada’s bond flow tide seeing rare reversal
• That’s some serious couch money