The Conference Board of Canada’s economist Anna Feng issued a statement on the May Consumer Price Index: “Inflation accelerated again in May to 3.6 per cent, due mainly to ‘base effects’ on gasoline prices which recovered from the plunge last spring. Higher prices for consumer goods, including cars, new homes and food also contributed to the strong inflation … Read more
The Conference Board of Canada’s economist Sasan Fouladirad issued a statement: “The Bank of Canada held its policy interest rate steady while continuing its weekly net purchases of Government of Canada bonds with a target of $3 billion per week. CPI inflation is around the top of the 1-3 per cent target range but the Bank expects … Read more
The Conference Board of Canada forecasts that real GDP will expand by 6.1 per cent in 2021, followed by a gain of 3.5 per cent in 2022, as Covid-19 vaccinations enable the economy to fully reopen. “Strong activity in the resource sector, manufacturing, and construction has allowed for an upward revision to our growth forecast … Read more
The Conference Board of Canada forecasts that it will take until the second half of 2022 before the country’s real exports return to pre-pandemic levels. “Canadian exports of goods and services will be boosted by the economic rebound in 2021 and 2022 but will slow over the medium term,” said Kip Beckman, principal economist at The … Read more
The Conference Board of Canada’s Economist Liam Daly issued a statement: “The results from March’s Survey of Manufacturing brings signs of progress across a sector that has suffered in the wake of economic restrictions, delays in global shipping and shortages of key production inputs over the preceding months,” he said. “After a decline in the … Read more
The Conference Board of Canada forecasts that the global economy will grow by 5.3 per cent this year and 4.0 per cent in 2022 as the rollout of COVID-19 vaccines accelerates and fiscal stimulus continues to support consumer spending. “World economic activity slowed sharply towards the end of last year in many regions due to a resurgence of … Read more
Canada’s immigration levels are beginning to recover after the number of foreign entrants into the country was severely cut back during the pandemic, according to new research from the Conference Board of Canada. “The improvement we’re seeing in permanent resident admissions is encouraging and good news for the economy,” said Iain Reeve, associate director of Immigration Research at … Read more
The global pandemic has fundamentally changed the nature of work in Canada, with a shift to remote operations posing new technological challenges to businesses large and small. The Conference Board of Canada surveyed 97 risk and emergency management leaders and practitioners across the Canada to find out what challenges they’re grappling with and how they are responding. … Read more
The Conference Board of Canada’s economist Liam Daly issued a statement: “April’s Labour Force Survey shows the impact that tightening COVID-19 measures are having on employment in Canada,” he said. “However, with the rollout of vaccines underway, we expect employment to bounce back as we have seen in the past once restrictions are eased. Learn more online.
The Conference Board of Canada’s economists Kiefer Van Mulligen and Liam Daly issued a statement: “As national vaccinations started to pick-up in February, real GDP grew by 0.4 per cent month-over-month. With Statistics Canada’s preliminary estimate for growth in March sitting at 0.9 per cent, first quarter output will likely be higher than expected in … Read more
