During economic downturns an economy’s output of goods and services declines. When times are good, by contrast, that output—usually measured as GDP—increases (see “Gross Domestic Product: An Economy’s ...

In this note, we present the annual update of the Bank of Canada staff estimates for growth of global potential output. These estimates served as key inputs to the April 2025 Monetary Policy Report ...

Thank you for inviting me here today. An important, if sometimes underappreciated, purpose of central bank speeches is to help the public understand what we are trying to achieve, and why. A greater ...