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April 26, 2023

High school academic performance and earnings by postsecondary field of study

by Marc Frenette

Selecting a field of study is an important decision made by thousands of incoming postsecondary students each year. Numerous studies have shown that graduates from engineering, business and mathematics programs earn considerably more than their counterparts from arts and humanities. This article estimates the earnings differences across various fields of study after adjusting for differences in high school academic performance (course marks), neighbourhood factors (income and educational attainment) and postsecondary institution effects.

Recent developments in the Canadian economy, Spring 2023

by Guy Gellatly

This article provides an integrated summary of recent changes in output, consumer prices, employment and household finances. It highlights changes in the economic data during the second half of 2022 and into the winter months. The article also examines how economic conditions have changed as borrowing costs have risen.

Real production and real income growth over the COVID-19 pandemic

by Sean Clarke and Ryan Macdonald

The COVID-19 pandemic affected the Canadian economy in numerous ways, one of which was changing the relationship between growth in production, and changes in real consumption and real gross fixed capital formation (GFCF). Typically, real consumption and real GFCF are expected to progress similarly to real gross domestic product (GDP), however during the period covered by the COVID-19 pandemic, real consumption and real GFCF grew at a stronger pace than real GDP. This article illustrates how examining real income rather than real production can address this paradox. Specifically, the roles of changes in production (the use of capital, labour and multifactor productivity used to produce real GDP) and changes in non-production sources of real income growth (the trading gain and net income from abroad) are examined.

This schedule is subject to change.