Economic Update – Q1 2023

By mid-2022, the Canadian economy had returned to or exceeded the pre-pandemic levels for most major economic indicators. In Q1 2023, TD Economics (TDE) anticipates that inflationary pressures in Canada have peaked and prices will decrease throughout 2023. ...

Economic Update – Q4 2022

By the end of Q2 2022, the Canadian economy had returned to or exceeded the pre-pandemic levels of most major economic indicators. In Q3 and Q4, the Bank of Canada increased the target overnight rate to dampen rising inflation resulting from post-lockdown consumer...

Economic Update – Q3 2022

By the end of the prior quarter, the Canadian economy had fully returned to or exceeded the pre-pandemic levels of most major economic indicators. In Q3, the Bank of Canada increased the target overnight rate to cool increasing inflation resulting from post-lockdown...

Economic Update – Q2 2022

By the end of Q1, the Canadian economy had returned to or exceeded the pre-pandemic levels of most major economic indicators.  The recovery from the COVID-19 pandemic continued for Q2 of 2022, as a result of the lifting of health restrictions and a return to...

Economic Update – Q1 2022

By the end of 2021, the Canadian economy had returned to pre-pandemic levels for most major economic indicators.  Similarly, the economic indicators discussed in this post for BC had returned to, or even exceeded, levels from before the pandemic.  In Q1 of...

Economic Update – Q4 2021

Overall, the Canadian economy has started to return to the pre-pandemic levels of major economic indicators by the end of 2021.  Similarly, economic indicators for BC have returned to, or exceeded, levels from before the pandemic.  As of the end of Q4, more...