Potential output and the neutral rate in Canada: 2022 reassessment

Staff Analytical Note 2022-3 (English)
Guyllaume Faucher, Christopher Hajzler, Martin Kuncl, Dmitry Matveev, Youngmin Park, Temel Taskin
April 2022
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Available as: PDF

We expect potential output growth to be lower in 2021 than anticipated in the April 2021 assessment. By 2025, growth is expected to reach 2.3%. We assess that the Canadian nominal neutral rate increased slightly to lie in the range of 2.00% to 3.00%.

Content Type(s): Staff research, Staff analytical notes
Topic(s): Economic models, Interest rates, Labour markets, Monetary policy, Potential output, Productivity
JEL Code(s): E, E2, E3, E4, E5

DOI: https://doi.org/10.34989/san-2022-3