Economic Viewpoint
Figures, observations and interpretations of economic news.
Suggested link
- Is Quebec's Potential Economic Growth Still around 1.5%? (PDF, 1.76 MB) - This link will open in a new window.
- March 9, 2020
- Canada Will Not Escape the Distortion in Global Trade Arising from the Agreement between China and the
United States
The Negative Effects in the Country Will, However, Be Quite Limited (PDF, 315 KB) - This link will open in a new window.
- February 25, 2020 - The Structural Transformation of Quebec and Other Provincial Economies in the Last 60 Years
(PDF, 505 KB) - This link will open in a new window.
- February 6, 2020 - Overview of Quebec’s Regions: What to Expect in 2020? (PDF, 465 KB) - This
link will open in a new window.
- January 31, 2020 - Brexit Is Coming... but the Uncertainty Will Continue (PDF, 353 KB) - This
link will open in a new window.
- January 30, 2020 - China's Financial System: More Vulnerable but Remains Resilient (PDF, 342 KB) - This link will open in a new window.
- January 24, 2020 - The International Financial System Isn't Sheltered from Climate Change
Central Banks Start to Prepare by Developing Stress Tests and Economic Scenarios (PDF, 342 KB) - This link will open in a new window.
- January 15, 2020 - Financial Situation of Quebecers: Improvement in Some Indicators (PDF, 310 KB) - This link will open in a new window.
- January 13, 2020
- A Look Back at 2019
The Trade War Triggers a Synchronized Slowdown (PDF, 337 KB) - This link will open in a new window.
- December 16, 2019 - Montreal's Economy Is the Driving Force Behind Quebec's Economy Once Again (PDF, 339 KB) - This link will open in a new window.
- December 12, 2019 - Quebec's Economy Soars: Several Factors Explain the Current Resilience (PDF, 398 KB) - This link will open in a new window.
- December 9, 2019 - Canada: No Real Signs of a Recession
Still, Growth Should Continue at a Moderate Pace (PDF, 365 KB) - This link will open in a new window.
- December 2, 2019 - Few Indicators Point to a U.S. Recession (PDF, 680 KB) - This link
will open in a new window.
- November 27, 2019 - Quebec from 1960 to Today: In Search of Prosperity (Part 2)
Avenues to Prepare for the Future (PDF, 398 KB) - This link will open in a new window.
- November 27, 2019 - Less Leeway for Central Banks
Is There Anything Else for Them to Do? (PDF, 383 KB) - This link will open in a new window.
- November 26, 2019 - A Global Recession on the Horizon? Signs Are Still Scarce (PDF, 363 KB) - This link will open in a new window.
- November 22, 2019 - Is the Federal Reserve's Balance Sheet Increase Quantitative Easing? (PDF, 343 KB) - This link will open in a new window.
- October 23, 2019 - Is the U.S. Job Market Beginning to Show Signs of Weakness? (PDF, 388 KB) - This link will open in a new window.
- October 2, 2019 - The Drop in Interest Rates Is Beginning to Stimulate the U.S. Housing Market (PDF, 438 KB) - This link will open in a new window.
- September 17, 2019 - Five Years of Negative Rates in Europe and It's Far from Being Over! (PDF, 391 KB) - This link will open in a new window.
- September 10, 2019 - Recent Developments in the Canadian Housing Market Reignite Concerns (PDF, 445 KB) - This link will open in a new window.
- August 29, 2019 - Global Warming: What Are the Economic Implications?
An Overview of the Estimated Costs of Climate Change Found in Scientific Literature (PDF, 373 KB) - This link will open in a new window.
- August 21, 2019 - Business Investment Will Have to Pick Up in Quebec and Ontario (PDF, 375 KB) - This link will open in a new window.
- August 13, 2019 - The Evolution of Global Value Chains and Their Economic Implications (PDF, 1.82 MB) - This link will open in a new window.
- May 14, 2019 - The Diversification of Quebec's Exports Does Not Prevent Them from Slowing Down (PDF, 1.88 MB) - This link will open in a new window.
- May 7, 2019 - Canada's International Trade Facing Numerous Challenges (PDF, 2.17 MB) - This link will open in a new window.
- May 3rd, 2019 - Euro Zone: An Alarming Slowdown (PDF, 1.86 MB) - This link will open in a
new window.
- March 28, 2019 - The Federal Reserve Should Soon Provide More Details on the Cuts to Its Balance Sheet
What Will That Change? (PDF, 1.86 MB) - This link will open in a new window.
- March 19, 2019 - Labour Shortages in Quebec and Ontario: Which Regions and Economic Sectors Are Most Affected?
(PDF, 1.87 MB) - This link will open in a new window.
- March 13, 2019 - Is Higher Consumer Spending Growth in Canada Still within Reach? (PDF, 1.82 MB) - This link will open in a new window.
- March 7, 2019 - Western Canada's Oil Prices Could Hold On to Their Recent Gains (PDF, 1.83 MB) - This link will open in a new window.
- March 6, 2019 - Quebec: Consequences of Demographic Change for the Real Estate Market
In the Long Term, Where Will Prices Head in the Different Regions? (PDF, 1.92 MB) - This link will open in a new window.
- February 28, 2019 - In This Time of Uncertainty, Careful Not to Confuse Economic Slowdown with Recession (PDF, 1.86 MB) - This link will open in a new window.
- January 30, 2019 - United States: Just Steps Away from Energy Independence (PDF, 1.84 MB) - This link will open in a new window.
- January 24, 2019
- A Look Back at 2018: Strong Economic Growth despite Increased Volatility (PDF, 1.86 MB) - This link will open in a new window.
- December 20, 2018 - Business Debt
Is It Really Better to Reduce It? (PDF, 1.94 MB) - This link will open in a new window.
- December 17, 2018 - Quebec from 1960 to Today: In Search of Prosperity (Part 1)
We've Come a Long Way, with More Solid Foundations (PDF, 1.96 MB) - This link will open in a new window.
- December 3rd, 2018 - Upward Pressure on Business Costs in Quebec (PDF, 1.86 MB) - This link will
open in a new window.
- November 29, 2018 - Volatility May Remain High, but the Stock Markets Could Bounce Back (PDF, 1.86 MB) - This link will open in a new window.
- November 29, 2018 - A Natural Gas Market in Transition (PDF, 1.86 MB) - This link will open in
a new window.
- November 27, 2018 - Canada's Population Growth Exceeds Expectations (PDF, 1.81 MB) - This link
will open in a new window.
- November 26, 2018 - Global Economy in the Decades to Come
India and China Could Be the Two Biggest Economic Powers by the Next 20 Years (PDF, 1.85 MB) - This link will open in a new window.
- November 1st, 2018 - China and U.S. Protectionism
Should We Expect a Sharp Slowdown in China's Economy? (PDF, 1.87 MB) - This link will open in a new window.
- October 31st, 2018 - United States: Midterm Elections and U.S. Economy
Will the November 6 Congressional Elections Influence the Economy? (PDF, 1.86 MB) - This link will open in a new window.
- October 24, 2018 - Quebec's Net Migration With Other Provinces Is Improving (PDF, 1.83 MB) - This link will open in a new window.
- October 11, 2018 - Is the Threat of Inflation Already Scaring the United States?
Part 2: Inflation Expectations in the United States – Households and Forecasters (PDF, 1.83 MB) - This link will open in a new window.
- October 3rd, 2018 - Is the Threat of Inflation Already Scaring the United States?
Part 1: Inflation Expectations in the United States – Businesses and Markets (PDF, 1.84 MB) - This link will open in a new window.
- October 1st, 2018 - Rate Hikes Are Starting to Have a Slight Impact on Canadian Households (PDF, 1.80 MB) - This link will open in a new window.
- September 27, 2018 - Is GDP the Only Way to Measure Economic Performance? (PDF, 2.00 MB) - This
link will open in a new window.
- September 27, 2018 - The Sharp Increase in Wages May Contribute to Greater Inflation in Canada (PDF, 1.83 MB) - This link will open in a new window.
- August 8, 2018 - Bond Yields Should Continue Their Uptrend (PDF, 1.87 MB) - This link will
open in a new window.
- July 31st, 2018 - Despite the Downsides of a Number of Cryptocurrencies, the Underlying Technology Continues to Show Its Potential
(PDF, 1.86 MB) - This link will open in a new window.
- July 19, 2018 - Industrial Real Estate Is Booming in Montreal and Quebec CMA's (PDF, 1.81 MB) - This link will open in a new window.
- July 18, 2018 - The Rise in Protectionism and the Prospect of a Global Trade War (PDF, 1.92 MB) - This link will open in a new window.
- July 10, 2018 - Is Higher Volatility in Emerging Country Currencies Something to Worry About? (PDF, 1.85 MB) - This link will open in a new window.
- July 4, 2018 - India: On the Cusp of Rapid Growth and Several Challenges
A Trading Partner That Could Turn into a Major World Player (PDF, 1.84 MB) - This link will open in a new window.
- June 28, 2018 - The European Debt: No Cause for Alarm Yet
But an Economic Shock Could Lead to Volatility (PDF, 1.86 MB) - This link will open in a new window.
- June 19, 2018 - Quebec's Trade with the European Union
For exports, geographic diversification should intensify (PDF, 1.82 MB) - This link will open in a new window.
- May 30, 2018 - No True Price Drops for Existing Homes in Canada (PDF, 1.73 MB) - This
link will open in a new window.
- April 27, 2018 - The U.S. Budget Situation: Much Worse despite Economic Growth
Decisions by the Trump Administration and Congress Come with a Big Price Tag (PDF, 1.82 MB) - This link will open in a new window.
- April 25, 2018 - Will the Drop in the Unemployment Rate Drive Inflation Up in Canada? (PDF, 1.76 MB) - This link will open in a new window.
- April 17, 2018 - Mexico's Economy: Calm Within the Storm
The Future Remains Highly Uncertain (PDF, 1.82 MB) - This link will open in a new window.
- April 12, 2018 - Questioning Inflation Targets
Japan's Recent Experience Provides New Insight (PDF, 1890 KB) - This link will open in a new window.
- March 20, 2018 - The New Trans-Pacific Partnership: Smaller, but Just as Ambitious (PDF, 1885 KB) - This link will open in a new window.
- March 16, 2018 - A 10-Year Yield Slightly Over 3% Would Not Be Disastrous for the U.S. Stock Market (PDF, 1.82 MB) - This link will open in a new window.
- March 1st, 2018 - Wage Growth in Quebec is Taking Off (PDF, 1.84 MB) - This link will open in
a new window.
- January 24, 2018
- A Look Back at 2017: The True Beginning of the Post-Financial Crisis Era
A Few Economic and Financial Highlights (PDF, 1878 KB) - This link will open in a new window.
- December 20, 2017 - Snapshot of External Debt in Emerging and Developing Countries (PDF, 1935 KB) - This link will open in a new window.
- December 5, 2017 - A Look at Household Assets in Quebec: Their Room for Manoeuvre is There Sufficient? (PDF, 1879 KB) - This link will open in a new window.
- November 29, 2017 - Are the Provinces Catching Up? (PDF, 1852 KB) - This link will open in a
new window.
- November 16, 2017 - The Causes and Consequences of Low Wage Growth in Canada (PDF, 2008 KB) - This link will open in a new window.
- October 27, 2017 - Where Do We Stand With Major Macroeconomic Imbalances? (PDF, 1878 KB) - This link will open in a new window.
- October 26, 2017 - Lack of Clear Indication on Future Key Interest Rate Changes Is Hurting Bank of Canada Communications
(PDF, 1902 KB) - This link will open in a new window.
- October 23rd, 2017 - Who Will be the Next Chair of the Federal Reserve? (PDF, 1868 KB) - This
link will open in a new window.
- October 18, 2017 - Is the Period of Lacklustre U.S. Inflation Winding Down? (PDF, 1949 KB) - This link will open in a new window.
- September 26, 2017 - Impact of Falling Residential Market Prices on Quebec's Household Financial Situation (PDF, 1900 KB) - This link will open in a new window.
- September 18, 2017 - How High Will Bond Yields Go?
Part 1: Real Yields and the Neutral Rate (PDF, 1898 KB) - This link will open in a new window.
- September 13, 2017 - Is Low Global Inflation Coming to an End? (PDF, 1907 KB) - This link will
open in a new window.
- September 11, 2017 - Several Indebted Households in Quebec Are Vulnerable to an Interest Rate Hike (PDF, 1908 KB) - This link will open in a new window.
- September 5, 2017 - The Financial Position of Quebec Households (PDF, 1920 KB) - This link will
open in a new window.
- August 28, 2017 - Will Quebec's Weak Inflation Persist? (PDF, 1870 KB) - This link will open
in a new window.
- August 14, 2017 - Will Inflation Eventually Pick Up in Canada? (PDF, 1904 KB) - This link
will open in a new window.
- August 8, 2017 - Three Years of Negative Interest Rates in Europe
Are Hard Times in the Offing? (PDF, 1902 KB) - This link will open in a new window.
- June 29, 2017 - 2017 Has Been a Good Year for Investors Thus Far (PDF, 1886 KB) - This
link will open in a new window.
- June 21st, 2017 - The Bottom Line on Canadian Wage Growth (PDF, 1889 KB) - This link will
open in a new window.
- June 1st, 2017 - Do Economic Cycles Have an Expiry Date?
When Will the Next Global Recession Arrive? (PDF, 429 KB) - This link will open in a new window.
- May 16, 2017 - Canada: Many Detours Ahead for the Auto Industry (PDF, 394 KB) - This link will open in a new window.
- May 11, 2017 - Canadian Mortgage Interest Rates Could Rise a Few Percentage Points in the Coming Years (PDF, 429 KB) - This link will open in a new window.
- May 4, 2017 - Is the U.S. Auto Market at Risk? (PDF, 419 KB) - This link will open in a
new window.
- April 20, 2017 - Canada: Consumers Remain the Cornerstone of Growth (PDF, 383 KB) - This
link will open in a new window.
- April 10, 2017 - Will the British Economy's Stunning Resilience Last?
The Start Signal for Brexit Negotiations Is Given (PDF, 423 KB) - This link will open in a new window.
- March 29, 2017 - Is the Reflation Trend Strong and Widespread?
An Issue for Future Monetary Policy Evolution and Movement by the Major Currencies (PDF, 435 KB) - This link will open in a new window.
- March 21, 2017 - Is the Bank of Canada Running Out of Arguments? (PDF, 365 KB) - This link
will open in a new window.
- March 16, 2017 - What should bond market investors expect from the Federal government's Debt Management Strategy?
(PDF, 411 KB) - This link will open in a new window.
- March 13, 2017 - Can the U.S. economy accelerate sustainably?
Donald Trump's pledge to get U.S. real GDP to 4% growth faces several constraints (PDF, 381 KB) - This link will open in a new window.
- March 9, 2017 - Canadian goods exports to the United States
Problems in some sectors and regions muddy the picture (PDF, 473 KB) - This link will open in a new window.
- March 3, 2017 - Canada: Business investment in 2017 poised to disappoint once again (PDF, 313 KB) - This link will open in a new window.
- February 28, 2017 - Gas prices may have seen their trough, but 2017 should not be too painful (PDF, 393 KB) - This link will open in a new window.
- February 22, 2017 - Protectionism: A brake on economic growth (PDF, 394 KB) - This link will
open in a new window.
- February 17, 2017 - Another surge for the bitcoin
Why? (PDF, 410 KB) - This link will open in a new window.
- February 14, 2017 - Despite the increase in public investment, monetary policy can still be solicited in Canada
(PDF, 375 KB) - This link will open in a new window.
- February 6, 2017 - Strong Canadian job creation: fact or fiction? (PDF, 401 KB) - This link
will open in a new window.
- February 1, 2017
- 2016: What to take away from a year full of surprises? (PDF, 402 KB) - This link will open in a new window.
- December 21, 2016 - Will the next global crisis once again be tied to excessive debt? (PDF, 354 KB) - This link will open in a new window.
- December 15, 2016 - Monetary policies after the crisis
Part 2: Limiting distortion (PDF, 419 KB) - This link will open in a new window.
- December 8, 2016 - Is low business productivity really an issue?
Estimation problems may be muddying the picture (PDF, 275 KB) - This link will open in a new window.
- December 5, 2016 - Monetary policies after the crisis
Part 1: Refocusing on the medium term (PDF, 410 KB) - This link will open in a new window.
- November 7, 2016 - The November 8 elections and the U.S. economy
Part 3: Economic and financial consequences (PDF, 512 KB) - This link will open in a new window.
- November 4, 2016 - Economic growth: in search of a new momentum
First component: determining the causes of the current quasi-stagnation
Second component: identify new levers of growth, here and elsewhere, in order to act more sustainably (PDF, 614 KB) - This link will open in a new window.
- November 3, 2016 - The November 8 election and the U.S. economy
Part 2: Economic issues and the candidates' proposals (PDF, 520 KB) - This link will open in a new window.
- November 2, 2016 - Bank of Canada's mandate renewed
Why the option to raise the inflation target was not retained (PDF, 397 KB) - This link will open in a new window.
- October 26, 2016 - The November 8 election and the U.S. economy
Part 1: The Obama administration's record on the economy (PDF, 633 KB) - This link will open in a new window.
- October 20, 2016 - Are bond markets about to pay the price for their complacency? (PDF, 704 KB) - This link will open in a new window.
- October 12, 2016 - The helicopter money
How does it work and how much would it take? (PDF, 636 KB) - This link will open in a new window.
- October 6, 2016 - Some optimism still seems appropriate regarding North America's stock markets (PDF, 346 KB) - This link will open in a new window.
- September 26, 2016 - South America: Soon to see some light at the end of the tunnel?
Opportunities for bold investors (PDF, 413 KB) - This link will open in a new window.
- September 8, 2016 - The financial situation of Quebec households
The picture differs widely with borrower age (PDF, 419 KB) - This link will open in a new window.
- August 25, 2016 - The many barriers to interprovincial trade could lessen with the new Canadian Free Trade Agreement
(PDF, 334 KB) - This link will open in a new window.
- August 23, 2016 - Brexit: Is the trade agreement between Canada and the European Union under threat?
There could be a new agreement between Canada and the United Kingdom (PDF, 309 KB) - This link will open in a new window.
- July 28, 2016 - Monetary policies post-Brexit (PDF, 388 KB) - This link will open in a new
window.
- July 8, 2016 - Brexit: The economic, political and financial fallout
One more uncertainty in an already shaky global situation (PDF, 447 KB) - This link will open in a new window.
- June 27, 2016 - What means are available to slow the housing market in some parts of Canada?
Solutions exist elsewhere in the world (PDF, 384 KB) - This link will open in a new window.
- June 22, 2016 - Simulation results: How vulnerable are Quebecers to an interest rate increase? (PDF, 747 KB) - This link will open in a new window.
- June 2, 2016 - When weak economic growth rhymes with high inflation
Some exceptions to consider (PDF, 380 KB) - This link will open in a new window.
- May 26, 2016 - Business transition: the issue at home and elsewhere
Quebec's prosperity also relies on a strong, high-quality next generation (PDF, 442 KB) - This link will open in a new window.
- May 16, 2016 - Should we be worried about major Canadian government budget deficits? (PDF, 346 KB) - This link will open in a new window.
- May 12, 2016 - Update: Quebec households' financial situation
Debt and asset value have both increased over the last 15 years (PDF, 443 KB) - This link will open in a new window.
- May 9, 2016 - Mexican economy: Its stability contrasts with the rest of Latin America
A NAFTA partner that could become more important (PDF, 363 KB) - This link will open in a new window.
- May 5, 2016 - Is cash going the way of the dodo? (PDF, 396 KB) - This link will open in
a new window.
- May 2, 2016 - Servicing Canada's economic transition (PDF, 356 KB) - This link will open
in a new window.
- April 15, 2016 - Water: abundant, and scarce
Water quality and availability present both challenges and economic opportunities (PDF, 428 KB) - This link will open in a new window.
- April 14, 2016 - Could inflation accelerate sharply due to the weak Canadian dollar? (PDF, 464 KB) - This link will open in a new window.
- March 7, 2016 - A primer on parliamentary budget offices
Public agencies established around the world to provide independent and impartial budget analysis (PDF, 402 KB) - This link will open in a new window.
- March 3, 2016 - The negative rates experiment doesn't look successful
Central banks would be better served by other policy tools (PDF, 332 KB) - This link will open in a new window.
- March 1, 2016 - Choppy waters in the global economy are holding Quebec’s exports in check (PDF, 432 KB) - This link will open in a new window.
- February 24, 2016 - Would an entry in bear market territory be justified for the U.S. equity market? (PDF, 385 KB) - This link will open in a new window.
- February 23, 2016 - The federal government has some leeway in terms of budget deficits (PDF, 405 KB) - This link will open in a new window.
- January 21, 2016 - The growing weight of China and the emerging economies (PDF, 385 KB) - This link will open in a new window.
- January 19, 2016 - Investment by Quebec businesses: An overview of determinants and outlooks (PDF, 495 KB) - This link will open in a new window.
- January 13, 2016 - Medium-term issues and forecasts (PDF, 395 KB) - This link will open in a
new window.
- January 12, 2016
- U.S. monetary policy: back to normal... in experimental mode (PDF, 322 KB) - This
link will open in a new window.
- December 15, 2015 - Quebec’s condo market is still in surplus
New construction and prices will keep adjusting (PDF, 583 KB) - This link will open in a new window.
- December 10, 2015 - The energy sector continues to struggle
Should monetary and fiscal policy be even more stimulating in Canada? (PDF, 456 KB) - This link will open in a new window.
- December 7, 2015 - Good news: growth in the number of businesses is accelerating in Canada (PDF, 285 KB) - This link will open in a new window.
- November 25, 2015 - Asia: Issues for the medium term, challenges and opportunities (PDF, 419 KB) - This
link will open in a new window.
- November 12, 2015 - Will the slowdown in the housing market also affect Toronto and Vancouver? (PDF, 427 KB) - This link will open in a new window.
- November 9, 2015 - The Chinese economy's uncertain future
A development model that has reached its limits (PDF, 423 KB) - This link will open in a new window.
- November 2, 2015 - The first three quarters of 2015 have been difficult, but investors may come out all right in the end (PDF, 410
KB) - This link will open in a new window.
- October 29, 2015 - Business investment: Forging alliances abroad to create wealth here at home (PDF, 582 KB) - This link will open in a new window.
- October 26, 2015 - Comparative study of magnitude
and length of economic cycles
Quebec not always in synch with Canada (PDF, 562 KB) - This link will open in a new window.
- September 22, 2015 - The manufacturing sector in the 21st century: beyond the factory
A veritable revolution is under way (PDF, 667 KB) - This link will open in a new window.
- September 16, 2015 - Ten years after the peak of the U.S. housing bubble
A 10-graph analysis (PDF, 429 KB) - This link will open in a new window.
- September 15, 2015 - Where is Europe heading?
Medium-term issues (PDF, 467 KB) - This link will open in a new window.
- September 2, 2015 - A recession in Canada?
What are the implications for markets? (PDF, 460 KB) - This link will open in a new window.
- July 29, 2015 - Negative interest rates: Will Canada be spared? (PDF, 456 KB) - This link will open
in a new window.
- July 9, 2015 - Medium-term issues and forecasts
Central banks will remain cautious when raising their key rates (PDF, 389 KB) - This link will open in a new window.
- June 25, 2015 - What should we make of the negative interest rates that we now see in many countries? (PDF, 439 KB) - This link will open in a new window.
- May 27, 2015 - The central banks still have some ammo left
But doing more would likely involve breaking some taboos and require government collaboration (PDF, 414 KB) - This link will open in a new window.
- May 21, 2015 - The internationalization of Quebec SMEs: exchange rate issues (PDF, 581 KB) - This
link will open in a new window.
- May 14, 2015 - Business investment in Quebec and Ontario: Improvement in sight? (PDF, 417 KB) - This link will open in a new window.
- April 28, 2015 - Why has growth flagged in international trade?
A lot of hope rests on liberalizing trade (PDF, 466 KB) - This link will open in a new window.
- April 27, 2015 - Canada–European Union Comprehensive Economic and Trade Agreement
An overview of the agreement, trade and advantages (PDF, 539 KB) - This link will open in a new window.
- April 22, 2015 - Financial position of households in Quebec and Ontario (PDF, 590 KB) - This link will
open in a new window.
- April 7, 2015 - Five factors that could persuade the Bank of Canada to cut rates (PDF, 446 KB) - This link will open in a new window.
- March 25, 2015 - Is the oil price plunge damaging the U.S. economy? (PDF, 411 KB) - This link will
open in a new window.
- February 27, 2015 - Where will oil prices go now?
Three major trends are possible in a complex environment (PDF, 493 KB) - This link will open in a new window.
- February 16, 2015 - Medium-term issues and forecasts
Getting used to a more moderate pace of economic growth (PDF, 386 KB) - This link will open in a new window.
- January 14, 2015
- Can we expect wages to accelerate in the United States?
A key factor for the Federal Reserve in 2015 (PDF, 442 KB) - This link will open in a new window.
- December 17, 2014 - Quebec's more optimistic demographic outlook does not reverse the forecast downtrend for economic growth
Fortunately, other levers could partially make up for this
- December 16, 2014 (PDF, 471 KB) - Can the United States prevent the global economy from slowing down?
- December 10, 2014 (PDF, 424 KB) - The possible consequences of weaker economic growth potential in Canada
- December 9, 2014 (PDF, 400 KB) - Weaker currency and lower oil prices: the winning provinces
- November 26, 2014 (PDF, 431 KB) - Special study: Economic history of Quebec over the past six decades
- November 25, 2014 (PDF, 748 KB) - The internationalization of Quebec SMEs
A necessity for making Quebec more productive, more entrepreneurial and more prosperous
- October 16, 2014 (PDF, 527 KB) - Employment in Canada: The establishment survey has been much less volatile since 2012
- September 26, 2014 (PDF, 366 KB) - The rental market is doing fine in Quebec and Ontario
- August 27, 2014 (PDF, 476 KB) - The Canadian economy's growth potential enters a new era
- August 20, 2014 (PDF, 410 KB) - Medium-term issues and forecasts
Several factors will limit how far up interest rates can go
- June 27, 2014 (PDF, 385 KB) - The U.S. job market's long trek back
- June 12, 2014 (PDF, 413 KB) - Interest rate sensitivity and the real estate market
- May 26, 2014 (PDF, 449 KB) - Several factors behind Quebec's high gas prices
- May 7, 2014 (PDF, 451 KB) - Simulation results: If residential property prices were to decline, what impact would this have on the financial
position of Quebec's households?
- May 6, 2014 (PDF, 622 KB) - Risk of financial crisis in emerging countries
Despite the recent lull, concerns persist
- April 9, 2014 (PDF, 508 KB) - Will the bull market continue?
- April 2, 2014 (PDF, 421 KB) - Despite the recent increase in inflation, Canada is still dealing with disinflationary pressures
- March 3, 2014 (PDF, 484 KB) - Personal bankruptcies climb back up in Quebec: Is this the beginning of an upward trend?
- February 28, 2014 (PDF, 520 KB) - Where are the participation and unemployment rates heading in the United States?
- February 24, 2014 (PDF, 482 KB) - Medium-term issues and forecasts
The effects of demographic changes will be increasingly felt
- January 8, 2014 (PDF, 378 KB)
- The state of mind of U.S. consumers
- November 28, 2013 (PDF, 435 KB) - Will Canadian export growth meet expectations?
- November 25, 2013 (PDF, 407 KB) - The limits of currencies like Bitcoin
- November 21, 2013 (PDF, 412 KB) - The Quebec office building market: a slowdown has begun
- November 19, 2013 (PDF, 506 KB) - How will the Federal Reserve manage to reduce the blur?
- October 29, 2013 (PDF, 424 KB) - Quebec's non-residential real estate
market is solid
Investments set to continue rising
- October 17, 2013 (PDF, 603 KB) - Will Canada benefit from the housing recovery in the United
States?
- September 27, 2013 (PDF, 437 KB) - Long-term major asset class returns
After a lost decade, the stock market seems to offer better opportunities
- September 25, 2013- Summary (PDF, 313 KB)
- Complete document (PDF, 698 KB)
- Is the economy threatened by rising interest rates?
- September 20, 2013 (PDF, 461 KB) - Tying monetary policy to unemployment: Is the game worth
the candle?
- August 14, 2013 (PDF, 436 KB) - Do higher bond and mortgage rates
pose a threat to the recovery of the U.S. housing market?
- July 16, 2013 (PDF, 487 KB) - Trend for the Canadian dollar
Gains at first, followed by more difficult times
- July 10, 2013 (PDF, 114 KB) - Issues and forecasts for the medium
term
Increases in key interest rates are nearing
- June 20, 2013 (PDF, 62,8 KB) - U.S. energy revolution: We can't ignore the consequences
- June 11, 2013 (PDF, 128 KB) - The trade deficit weighs down Quebec's economy
- May 22, 2013 (PDF, 126 KB) - Is the cost of living rising faster than the official
inflation rate?
- April 2, 2013 (PDF, 157 KB) - Canada loses steam: How will the Bank of Canada react?
- March 5, 2013 (PDF, 125 KB) - Weak inflation could persist several more months
- February 19, 2013 (PDF, 128 KB) - Is Canada's labour market too robust?
- February 7, 2013 (PDF, 113 KB) - New features for the Desjardins Leading Index
- January 16, 2013 (PDF, 202 KB)
- Is the Federal Reserve playing with fire by buying more long-term securities?
Could higher interest rates cause it to lose money?
- December 11, 2012 (PDF, 209 KB) - Update on Quebec households' financial position
- December 3, 2012 (PDF, 176 KB) - The fiscal cliff
- November 22, 2012 (PDF, 135 KB) - Is Canadian employment data reliable?
- November 1, 2012 (PDF, 114 KB) - The November 6
election and the U.S. economy
Part 2: The economic issues and the candidates' proposals
- October 30, 2012 (PDF, 188 KB) - The November 6 election and
the U.S. economy
Part 1: A review of Barack Obama's first term
- October 18, 2012 (PDF, 240 KB) - Québec condo
market
Will strong construction lead to a surplus?
Are price poised to drop?
- July 10, 2012 (PDF, 209 KB) - After staying flat for several weeks, the loonie jumps to US$1.01
Is the Canadian dollar still as sensitive to oil prices and investor risk aversion?
- March 5, 2012 (PDF, 161 KB) - Is there a risk of a correction in
Québec residential real estate prices?
- March 1, 2012 (PDF, 132 KB) - Canadian real estate market: Some regions could slow
or even contract
- January 26, 2012 (PDF, 205 KB)
- Québec businesses seem solid
- November 29, 2011 (PDF, 168 KB) - Time for Canada to renew its 5-year
inflation target
Should we expect any changes?
- November 7, 2011 (PDF, 156 KB) - Financial situation
in Québec households
Vulnerability depends heavily on borrowers' profiles
- October 27, 2011 (PDF, 159 KB) - The downgraded U.S. rating is fuelling market losses
- August 8, 2011 (PDF, 96.7 KB) - Economic
and trade agreement with the European Union: A chance to heighten the diversification of Canadian trade
- July 26, 2011 (PDF, 192 KB) - Global risks are a headache for
the Bank of Canada
How will it manage monetary policy?
- July 18, 2011 (PDF, 186 KB) - The debate on the ceiling of the U.S. debt and its
consequences
- July 11, 2011 (PDF, 123 KB) - Canadian dollar's
sensitivity to interest rates
Is more caution required in raising interest rates?
- July 5, 2011 (PDF, 208 KB) - Taking stock: Québec
households' financial position
Debt vs. household assets
- June 17, 2011 (PDF, 129 KB)
- How vulnerable are Québec households to
interest rate increases?
- November 2, 2010 (PDF, 200 KB) - Employment rate of workers aged
55 and older in Québec: Are improvements in store?
- September 13, 2010 (PDF, 134 KB) - Increase in cyclical
productivity in Québec
Business competitiveness still fails to improve
- July 15, 2010 (PDF, 126 KB) - The return to a policy of revaluing the yuan
is welcome, but is not a panacea
- June 30, 2010 (PDF, 152 KB) - Foreign purchase of Québec farmland
A takeover or a misunderstanding?
- May 11, 2010 (PDF, 181 KB) - Are the U.S. states impairing the recovery?
- May 4, 2010 (PDF, 161 KB) - The theme for the next 10 years: Rebalancing!
- April 21, 2010 (PDF, 155 KB) - The sheer size of Québec's debt is cause for
concern
- March 23, 2010 (PDF, 126 KB) - The sudden rally in Canada's
residential real estate market is surprising and troubling
- March 10, 2010 (PDF, 183 KB) - Is a real estate bubble on the horizon for Québec?
Unlike in other provinces, recent price increases are not a concern
- March 10, 2010 (PDF, 185 KB) - Canadian companies must improve their competitiveness
- February 15, 2010 (PDF, 134 KB) - Sovereign debts: do the risks extend around the globe?
- February 11, 2010 (PDF, 166 KB) - United States: a sovereign debt that is huge, but
manageable... for now
- February 9, 2010 (PDF, 172 KB) - Rumours continue about the diversification of
central banks' reserves
- February 8, 2010 (PDF, 128 KB) - Will Greece's difficulties trigger another financial
crisis?
- February 2, 2010 (PDF, 131 KB)
- Canada's mortgage market benefits from easing financial stains
Should we review our conclusions on available mortgage options?
- December 2, 2009 (PDF, 139 KB) - Exit strategies for central banks
How can monetary inflation be avoided?
- November 20, 2009 (PDF, 202 KB) - The key
to Québec's economic prosperity
Boost productivity to soften the impact of the demographic shock
- September 22, 2009 (PDF, 260 KB) - Change in
employment at the end of a recession and the beginning of a recovery: what the past can teach us
- September 3, 2009 (PDF, 172 KB) - The worst economic
crisis since 1929 is rekindling the age-old ideological debate among economists
- August 26, 2009 (PDF, 180 KB) - Demographic shock: An update
It remains a problem for the next fifteen years!
- July 22, 2009 (PDF, 105 KB) - Outlook for the stock markets: Can the bull trend
continue?
- June 19, 2009 (PDF, 240 KB) - Is the return to economic growth imminent?
- June 9, 2009 (PDF, 283 KB) - Impact of the demographic shock on Québec's economy
Slowdown in GDP growth will have far-reaching consequences
- May 28, 2009 (PDF, 224 KB) - Will U.S. consumers be part of the economic rebound?
The jump in savings could offset the government's efforts to kick-start the economy
- May 29, 2009 (PDF, 263 KB) - Canada's national balance sheet: Falling
assets leading to increased savings
- April 29, 2009 (PDF, 176 KB) - The Bank of Canada is one step away from adopting
a quantitative policy
- April 15, 2009 (PDF, 270 KB) - Already fragile, the public finances explode
under pressure from revenues
- March 4, 2009 (PDF, 113 KB) - The financial crisis has led to changes in the
Canadian mortgage market
- March 4, 2009 (PDF, 149 KB) - Consequences of a high public debt in the United States
- February 25, 2009 (PDF, 174 KB) - Deflationary forces intensify
- February 18, 2009 (PDF, 212 KB) - Last chance
budget!
To kick start the economy, governments will have to inject at least $20B over two years
- January 22, 2009 (PDF, 98.5 KB) - Is the Fed's rapidly expanding balance sheet an
inflation threat?
- January 15, 2009 (PDF, 183 KB)
- Québec could avoid a
steep economic decline
However, a mild recession seems likely
- December 10, 2008 (PDF, 157 KB) - The commodity price correction
is justified, but concerns about shortages could resurface
- November 27, 2008 (PDF, 188 KB) - Our future prosperity hinges on our universities
- November 19, 2008 (PDF, 110 KB) - Desjardins: a clear force for Québec
- November 12, 2008 (PDF, 114 KB) - Impacts of Barack Obama being elected President of
the United States
- November 5, 2008 (PDF, 168 KB) - The November 4th elections and the U.S. economy
- October 21, 2008 (PDF, 344 KB) - The impact of the financial crisis in Canada
- October 14, 2008 (PDF, 141 KB) - Subprime Mortgage Crisis: the
Paulson rescue plan is necessary, but hardly a cure-all
- October 9, 2008 (PDF, 171 KB) - Financial crisis: neither the first nor the last
- October 3, 2008 (PDF, 215 KB) - Far from
widespread, prices for residential housing
will continue to fall in some regions across the country
- September 25, 2008 (PDF, 143 KB) - From gross domestic product (GDP) to gross domestic income (GDI)
Canada's economy is in better shape than expected: possibility of new rate cuts reduced
- August 26, 2008 (PDF, 142 KB) - Québec economy: The adverse effects of demographic shock are looming
It is important to act now to soften the impact on the labour market
- August 13, 2008 (PDF, 118 KB) - Worldwide food crisis: Fears of a famine are overstated
- June 4, 2008 (PDF, 174 KB) - The Canadian auto industry's difficulties are far from
over
- June 3, 2008 (PDF, 191 KB) - Should the surge in oil
and food prices prompt the U.S. Federal Reserve to target total inflation?
- May 27, 2008 (PDF, 168 KB) - Where are we with the U.S. recession?
- May 14, 2008 (PDF, 156 KB) - The price of gas: How much will Quebecers have to
tighten their belts?
- May 13, 2008 (PDF, 133 KB) - Is the European Central Bank's hawkish tone inflationary?
- May 12, 2008 (PDF, 144 KB) - Job growth in the context of economic slowdown:
Impacts on productivity
- May 1, 2008 (PDF, 120 KB) - Are current oil prices justified?
- April 30, 2008 (PDF, 252 KB) - The subprime mortgage credit crisis: should
the government intervene (again)?
- April 24, 2008 (PDF, 201 KB) - Québec's economy: private
investment lies at the heart of the productivity battle
- April 21, 2008 (PDF, 616 KB) - The strength of the labour market in Canada could still
surprise
- April 15, 2008 (PDF, 129 KB) - The Fed's policy of injecting
liquidities - is it really expansionist and inflationist?
- April 14, 2008 (PDF, 170 KB) - 100th anniversary of the Canadian penny
An opportunity to re-examine the usefulness of our coins and bank notes in circulation
- April 9, 2008 (PDF, 286 KB) - Credit problems are creating a major risk
- March 17, 2008 (PDF, 228 KB) - Stagflation fears are exaggerated
- March 14, 2008 (PDF, 154 KB) - United States: Are home prices set to bottom out?
- March 12, 2008 (PDF, 208 KB) - Québec Budget 2008: Above all, keep it in balance
- March 5, 2008 (PDF, 118 KB) - Québec' Economy: The Challenge of Foreign Markets
Geographic diversification needed quickly to reduce export dependency on the United States
- February 29, 2008 (PDF, 605 KB) - Oil prices over US$100 a barrel!
- February 21, 2008 (PDF, 114 KB) - Diminishing inflation in Canada
- February 21, 2008 (PDF, 193 KB) - Fiscal imbalance is still with us!
- February 19, 2008 (PDF, 104 KB) - Is the United States in a recession? What are the signs?
- February 14, 2008 (PDF, 229 KB) - European Central Bank will lower rates when the time
comes
- February 12, 2008 (PDF, 144 KB) - The probability of a recession is high, especially
in the United States
- January 15, 2008 (PDF, 115 KB) - Oil at US$100: worrisome but not
disastrous
10 reasons why there is no need to panic
- January 3, 2008 (PDF, 217 KB)
- Common currency with the United States: It's not worth the
risk
- November 29, 2007 (PDF, 147 KB) - The loonie continues to soar, reaching US$1.10 overnight
- November 7, 2007 (PDF, 147 KB) - Is the stock market coming into the last leg of a long
race?
- September 27, 2007 (PDF, 259 KB) - Canadian dollar: A weak greenback and
high oil prices mean parity is a sure thing
- September 20, 2007 (PDF, 143 KB) - Impacts of the U.S. mortgage crisis
- August 14, 2007 (PDF, 221 KB) - China's real GDP up by 11.9% in the second quarter
- July 19, 2007 (PDF, 97.1 KB) - Will the Canadian dollar keep surprising us?
- May 31, 2007 (PDF, 189 KB) - Comments on the 2007-2008 Québec Budget
First Jérôme-Forget budget: Almost everything on the promised tax cuts
- May 24, 2007 (PDF, 79.3 KB) - Special
Québec-Ontario Forecasts
The economic slowdown's trough will soon make way for recovery
- April 26, 2007 (PDF, 95 KB) - Analysis of Ontario's 2007 Budget
A Balanced and Relatively Modest Budget
- March 22, 2007 (PDF, 137 KB) - Analysis of the Canada's Budget 2007
- March 19, 2007 (PDF, 68.5 KB) - Analysis on the 2007 Québec Budget
- February 20, 2007 (PDF, 87.2 KB)- Should we stop using the penny?
- February 15, 2007 (PDF, 167 KB) - Press release - Should we say goodbye to the penny?
- February 15, 2007 (PDF, 27 KB) - Exploratory study: Canadians' behaviours with
respect to coin usage
- February 15, 2007 (PDF, 67 KB)
- Should we stop using the penny?
- Special
Québec - Ontario forecasts: Economic slowdown will peak in 2007 but dissipate thereafter
- February 9, 2007 (PDF, 86 KB) - The pessimism
toward the greenback is not justified: the currency will stay strong against the euro and yen
- January 24, 2007 (PDF, 193 KB)
- Does the sharp inversion of the U.S.
yield curve point to a recession... or not?
- December 11, 2006 (PDF, 231 KB) - Must the Bank of Canada avoid
reducing key rates due to rising prices for real estate?
- December 7, 2006 (PDF, 105 KB) - The Federal Economic and Fiscal Update
- November 23, 2006 (PDF, 54.4 KB) - Global slowdown ahead: should we
expect a drastic correction in raw material prices?
- November 17, 2006 (PDF, 216 KB) - Petrocurrency: good or bad for Canada's economy?
- October 11, 2006 (PDF, 282 KB) - The evolution of house prices in
Canada reflects the improvement in market fundamentals
- June 22, 2006 (PDF, 270 KB) - Although there is no
real estate bubble in Canada, regional disparities are generating some concerns
- June 22, 2006 (PDF, 75.3 KB) - Comments on the 2006 Federal
Budget
A budget patterned on the Conservative campaign promises
- May 2, 2006 (PDF, 69.1 KB) - What's the frenzy surrounding gold prices?
- April 24, 2006 (PDF, 161 KB) - Comments on the Québec Budget 2006
Everything on health, education and the establishment of a debt repayment fund
- March 23, 2006 (PDF, 228 KB) - Comments on the 2006
Ontario Budget
Investing in infrastructure before eliminating the deficit
- March 23, 2006 (PDF, 129 KB) - The U.S. is not yet grappling with a general real estate bubble
Less pronounced increases in housing prices will slow the pace of economic growth in 2007
- March 14, 2006 (PDF, 350 KB) - Loonie on par with the greenback? Maybe–but not tomorrow!
A look at the determinants of the Canadian exchange rate: a technical and econometric study
- January 25, 2006 (PDF, 451 KB)
- Federal's economic and fiscal update
- November 14, 2005 (PDF, 67.5 KB) - The Bank of Canada will order further key rate hikes
- October 20, 2005 (PDF, 275 KB) - "Will we see a return to higher interest rates?
The process of "normalizing" American and Canadian interest rates: an economic, financial and econometric analysis"
- August 8, 2005 (PDF, 173 KB) - Revaluing the renminbi will not be catastrophic for China
- August 2, 2005 (PDF, 329 KB) - Is
it time for a revaluation of China's currency?
Persistent rumours attest to an imminent revaluation of the renminbi
- May 19, 2005 (PDF, 314 KB) - Analysis of Ontario's 2005 budget
A budget of continuity for the liberals
- May 11, 2005 (PDF, 166 KB) - What is the best choice for a
mortgage term?
An historical overview with simulation...
- April 27, 2005 (PDF, 286 KB) - Comments on the Québec Budget 2005 - A lacklustre budget that meets expectations and is open to compromises
- April 21, 2005 (PDF, 134 KB) - The upcoming Goodale budget
will have something for everyone... but some will have to wait
- February 18, 2005 (PDF, 261 KB) - The phenomenal growth of the Chinese economy:
booming or overheating?
- February 10, 2005 (PDF, 387 KB)
- The Fed hikes federal funds rates
once again
Pauses are still highly likely in 2005
- December 14, 2004 (PDF, 309 KB) - The status quo for Canadian
monetary policy
The Bank of Canada nuances its language at last
- December 7, 2004 (PDF, 295 KB) - Canada: Monetary conditions looser than they initially appear
A modified index allows for more accurate historical comparisons
- December 2, 2004 (PDF, 39.1 KB) - No surprise: The Fed
continues to tighten its monetary policy
The break might come only in 2005
- November 10, 2004 (PDF, 314 KB) - The US economy
during election period
The economic and financial impacts of the November 2 vote
- October 22, 2004 (PDF, 178 KB) - The Bank of Canada to tighten monetary policy... over
time
- October 21, 2004 (PDF, 265 KB) - The Bank of Canada raises rates but softens its stance
- October 19, 2004 (PDF, 297 KB) - The Fed Continues to
Tighten Its Monetary Policy
But a Pause Could Be Announced Later in 2004
- September 21, 2004 (PDF, 295 KB) - The Bank of Canada raises its key rates
- September 8, 2004 (PDF, 293 KB) - Oil: Apprehension sends prices skyrocketing
- August 26, 2004 (PDF, 45.2 KB) - The Fed opts for a second consecutive hike in federal
funds rates
- August 10, 2004 (PDF, 280 KB) - Bank of Canada bimonthly meeting: status quo maintained
- July 20, 2004 (PDF, 295 KB) - US Federal Funds rate increases by 25 basis points
- June 30, 2004 (PDF, 296 KB) - No retirement for
the President of the Federal Reserve
ON JUNE 20, ALAN GREENSPAN ACCEPTED A FIFTH TERM
- June 23, 2004 (PDF, 127 KB) - Will the US dollar continue to plunge? The trend,
causes and outlook...
- June 18, 2004 (PDF, 198 KB) - The Bank of Canada's key rates remain unchanged
- June 8, 2004 (PDF, 293 KB) - ARE WE ON THE EVE OF ANOTHER OIL CRISIS?
The 40% increase in the price of crude oil will have few consequences on the growth of the American and Canadian economies
- May 28, 2004 (PDF, 225 KB) - Advantages of the loonie's appreciation
- May 21, 2004 (PDF, 202 KB) - The US overnight
target rate remains unchanged - But a first increase is possible as early as this summer
- May 4, 2004 (PDF, 273 KB) - The European Union goes from 15
to 25 members - Potential economic and financial impacts
- April 22, 2004 (PDF, 439 KB) - The Bank of Canada's outlook remains almost unchanged
- April 15, 2004 (PDF, 270 KB) - The Bank of Canada
lowers its key interest rates... and ends the period of loosening monetary policy
- April 13, 2004 (PDF, 286 KB) - The March 23 Federal Budget
showcases the new image of the Martin Government
- March 19, 2004 (PDF, 123 KB) - The Federal Reserve is holding its course
- March 16, 2004 (PDF, 296 KB) - The Bank of
Canada lowers its key interest rates once again... a further reduction is expected in April!
- March 2, 2004 (PDF, 284 KB) - The US Federal Reserve remains cautious
- January 28, 2004 (PDF, 314 KB) - China in the 21st Century: The birth of a new trade
empire
- January 23, 2004 (PDF, 252 KB) - The Bank of Canada reduces its policy interest rates once
again
- January 20, 2004 (PDF, 299 KB) - The Bank of Canada will likely lower its key rates
on January 20
- January 13, 2004 (PDF, 272 KB)
- The US Federal Reserve qualifies its message somewhat
- December 9, 2003 (PDF, 288 KB) - The Bank of Canada keeps its key rates unchanged...
- December 2, 2003 (PDF, 280 KB) - Announcement of December 2: Key rates will not be
changed
- November 27, 2003 (PDF, 290 KB) - An immutable long-term link between stock return and
economic growth
- November 21, 2003 (PDF, 453 KB) - The Federal government will maintain a
balanced budget despite the economic shocks
- November 3, 2003 (PDF, 253 KB) - The Federal Reserve reiterates the same message
- October 28, 2003 (PDF, 283 KB) - The Bank of Canada is cautiously optimistic
- October 22, 2003 (PDF, 253 KB) - The Bank of Canada keeps key lending rates unchanged
- October 15, 2003 (PDF, 284 KB) - Post mortem of the 2000-2002 stock market debacle
- October 2, 2003 (PDF, 256 KB) - The Federal Reserve holds firm
- September 16, 2003 (PDF, 274 KB) - The Bank of Canada lowers its rate and adopts a neutral
stance
- September 3, 2003 (PDF, 270 KB) - U.S. key interest rates hold steady
- August 12, 2003 (PDF, 128 KB) - The Bank of Canada lowers its key interest rates
- July 15, 2003 (PDF, 124 KB) - The Federal Reserve is still concerned with falling
inflation
- June 25, 2003 (PDF, 117 KB) - Québec Budget 2003
- June 12, 2003 (PDF, 70 KB) - The Bank of Canada leaves its key lending rates unchanged
- June 3, 2003 (PDF, 99 KB) - The Federal Reserve keeps
its key lending rates unchanged, but makes its stance accommodating
- May 6, 2003 (PDF, 123 KB) - Monetary Policy Report: The Bank
of Canada announces further hikes in key interest rates
- April 23, 2003 (PDF, 66 KB) - The Bank of Canada raises its key lending rates again
- April 15, 2003 (PDF, 93 KB) - US: Key lending rates unchanged and no decision as to
stance
- March 18, 2003 (PDF, 115 KB) - Québec Budget 2003
- March 11, 2003 (PDF, 87 KB) - The Bank of Canada rules in favour of
an increase of 0.25% in the key lending rates
- March 4, 2003 (PDF, 102 KB) - Comments on the 2003 Federal Budget
- February 18, 2003 (PDF, 210 KB) - Federal Budget: Will the Martin tradition continue?
- February 17, 2003 (PDF, 122 KB) - Important risks
linked to uncertainty / Economic and financial forecasts for 2003 might not be fulfilled
- February 12, 2003 (PDF, 95 KB) - Neutral stance in the Federal Reserve's key lending rates
- January 29, 2003 (PDF, 28 KB) - The Bank of Canada chooses status quo due to
uncertainties
- January 21, 2003 (PDF, 110 KB) - Must we dread deflation's
dangers? This rare economic occurence must be feared like the scourge
- January 13, 2003 (PDF, 190 KB)