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9121 Results

The Complex Adjustment of the Canadian Economy to Lower Commodity Prices

In this analytical note, we provide a comprehensive assessment of the complex structural adjustment facing the Canadian economy following the commodity price decline since mid-2014. We quantify separately the impacts coming from the commodity sector restructuring and the broader effect of significantly lower terms of trade.

Mohammad Davoodalhosseini

Mohammad Davoodalhosseini is a Research Advisor in the Banking and Payments Department (BAP). 

Josef Schroth

Josef Schroth is a Research Advisor in the Financial Stability Department at the Bank of Canada.
January 11, 2016

Business Outlook Survey - Winter 2015-16

Overall, responses to the winter Business Outlook Survey indicate that business sentiment has deteriorated as the negative effects of the commodity price shock continue to unfold and spread beyond the resource sector. However, exporters not directly affected by lower commodity prices continue to benefit from strong U.S. demand and the weak Canadian dollar.
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