Share

Canada Economic Snapshot

Economic Forecast Summary (May 2021)

The Canadian economy will rebound strongly and grow by 6.1% in 2021 and 3.8% in 2022, thanks to reduced COVID-19 restrictions in the second half of this year and buoyant external demand. These developments will be echoed in a recovery in the labour market. Nevertheless, output levels will remain below trend and underlying inflationary pressures will be contained. After increasing again in 2021, the public debt burden will stabilise in 2022.

Reform Priorities (April 2021)

Going for Growth 2021 - Canada

Building a more resilient and inclusive economy requires strengthening welfare policy. The pandemic highlighted a general problem of weak backing for those unemployed or experiencing poverty, the gender-wage gap remains large and Indigenous peoples remain under-privileged in most socio-economic dimensions.

©Shutterstock/Anton Petrus

Read full country note

2021 Structural Reform Priorities

  • Social protection: Strengthen support for vulnerable households
  • Labour market: Increase the labour-market inclusion of women
  • Competition and regulation: Reduce barriers to internal trade
  • Competition and regulation: Reduce barriers to entry for both domestic and foreign suppliers and enhance competition in network and service sectors
  • Tax system: Eliminate inefficient tax expenditures and increasing carbon prices

 

>> Going for Growth homepage

Economic Survey of Canada - 11 March 2021

Executive Summary

Presentation

Summary video