Canada Economic Snapshot

Economic Forecast Summary (November 2022)

Economic Outlook Note - Canada

Growth in real GDP is projected to slow from 3.2% this year to 1% in 2023 before strengthening to 1.3% in 2024. Higher borrowing costs will weigh on consumer spending while export growth moderates in the near term amid deteriorating conditions abroad. Softer aggregate demand will relieve pressure on capacity, aided by continued recovery in non-housing investment.


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Reform Priorities (April 2021)

Going for Growth 2021 - Canada

Building a more resilient and inclusive economy requires strengthening welfare policy. The pandemic highlighted a general problem of weak backing for those unemployed or experiencing poverty, the gender-wage gap remains large and Indigenous peoples remain under-privileged in most socio-economic dimensions.

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2021 Structural Reform Priorities

  • Social protection: Strengthen support for vulnerable households
  • Labour market: Increase the labour-market inclusion of women
  • Competition and regulation: Reduce barriers to internal trade
  • Competition and regulation: Reduce barriers to entry for both domestic and foreign suppliers and enhance competition in network and service sectors
  • Tax system: Eliminate inefficient tax expenditures and increasing carbon prices


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Economic Survey of Canada - 11 March 2021

Executive Summary


Summary video