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New Data: Canada - Macroeconomic outlook
Monday, 05 Jun 2017 10:46 ET
By Eric Pagan
Summary
May 2017 -- Data Buffet now carries the macroeconomic projections used by the Bank of Canada when setting monetary policy (two new quarterly and 21 new annual series from 2016).
Detail

This dataset is part of our cross-country central bank macroeconomic outlook project (see related article).

  • Source document: Monetary Policy Report
  • Source tables:
    • Table 1: Projection for global economic growth (note 1)
    • Table 2: Contributions to average annual real GDP growth
    • Table 3: Summary of the projection for Canada
  • Available in English: yes
  • Indicator types: Components of GDP, potential output, CPI
  • Units:
    • % = percent share
    • % pt. = percentage points
    • % Y/Y = percent change year-over-year
  • Scenarios: none
  • Ranges: for potential output only
  • Frequencies: quarterly, annual
  • Start date: 2015
  • Forecast horizon: 2019 / three years (note 2)
  • Revision frequency: four times per year
  • Catalog: (Canada » Cyclical Indicators » Outlook » BOC - Monetary Policy Report)

Series include, for example:

  • JCP%CAINFUQ.ICAN     = CPI Inflation, for Canada
  • JNA%CAPC%%GDPUA.ICAN = Consumption contribution to GDP growth - for Canada
  • JNA%CAGDPUA.IEMOI    = GDP outlook - for oil-importing EMEs

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Note 1. Table 1 projects GDP ("economic growth") for these geos:

  • IUSA  = U.S.
  • IEUZN = euro zone ("euro area")
  • IJPN  = Japan
  • ICHN  = China
  • IEMOI = Oil-importing Emerging-Market Economies (EMEs) - Large emerging markets from Asia, Latin America, the Middle East, and Africa (such as India, Brazil, and South Africa), newly industrialized economies (such as South Korea), but excludes China.
  • IROTW = Rest of the World - All other economies not included in the first five regions. Composed of oil-exporting emerging markets (such as Russia, Nigeria, and Saudi Arabia) and other advanced economies (such as Canada, the U.K., and Australia).
  • IWRLD = World

Note 2. Table 3 currently runs from 2016Q3 to 2019Q4. The source explains that, over the projection horizon, 2017Q1 and 2017Q2 are the only periods with Q/Q changes, because only they have the necessary information about real GDP growth at the time of writing, hence, for longer horizons, Q4-over-Q4 percentage changes are presented.

References:

Keywords: Bank of Canada, Banque du Canada

Other
Related ReleaseEconomic growth projections
SourceBank of Canada
FrequencyQuarterly
GeographyCanada