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  • 1. Experimental Economic Activity Indexes for Canadian Provinces and Territories: Experimental Measures Based on Combinations of Monthly Time Series
    Articles and reports: 11-633-X2020003
    Description:

    Timely measures of economic activity are critical for understanding how economies perform, and for informing policy responses to macroeconomic fluctuations. The onset of the pandemic due to the emergence of the SARS-Cov-2 virus emphasized this, as well as the need for geography-specific measures. Presently, Canada has a robust system for producing up-to-date measures of activity, such as real gross domestic product (GDP), at the national level. For provincial and territorial economies, monthly information on labour markets or particular activities such as manufacturing or international trade are available, but a monthly measure of aggregate economic activity is not available. This paper explores methods for creating a monthly indicator of economic activity for the provinces and territories.

    Release date: 2020-08-19
  • 2. Experimental Economic Activity Indexes for Canadian Provinces and Territories
    Articles and reports: 11-626-X2020008
    Description:

    This article in the Economic Insights series reports on a set of experimental monthly economic activity indexes that have been estimated for the provinces and territories up to March 2020. The COVID-19 pandemic has accentuated the need for timely information on aggregate economic activity with more geographical detail. This article describes how more timely economic data can be summarized in indexes that generally reflect the broad movements of the provincial and territorial economies.

    Release date: 2020-07-14
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  • 1. Experimental Economic Activity Indexes for Canadian Provinces and Territories: Experimental Measures Based on Combinations of Monthly Time Series
    Articles and reports: 11-633-X2020003
    Description:

    Timely measures of economic activity are critical for understanding how economies perform, and for informing policy responses to macroeconomic fluctuations. The onset of the pandemic due to the emergence of the SARS-Cov-2 virus emphasized this, as well as the need for geography-specific measures. Presently, Canada has a robust system for producing up-to-date measures of activity, such as real gross domestic product (GDP), at the national level. For provincial and territorial economies, monthly information on labour markets or particular activities such as manufacturing or international trade are available, but a monthly measure of aggregate economic activity is not available. This paper explores methods for creating a monthly indicator of economic activity for the provinces and territories.

    Release date: 2020-08-19
  • 2. Experimental Economic Activity Indexes for Canadian Provinces and Territories
    Articles and reports: 11-626-X2020008
    Description:

    This article in the Economic Insights series reports on a set of experimental monthly economic activity indexes that have been estimated for the provinces and territories up to March 2020. The COVID-19 pandemic has accentuated the need for timely information on aggregate economic activity with more geographical detail. This article describes how more timely economic data can be summarized in indexes that generally reflect the broad movements of the provincial and territorial economies.

    Release date: 2020-07-14
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