Philip’s economic commentary

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Assessing Canada's potential output growth
The recent surge in population growth and prolonged weakness in labour productivity make it difficult to discern Canada's potential economic growth at…
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Philip Smith
2
What can be done to reverse the decline of Canada's real GDP per capita?
There has been much concern among economists and policymakers in Canada recently about the decline in real GDP per capita since mid 2022. Real GDP per…
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Philip Smith
5
What drives changes in real GDP per capita?
Economists often use the trend in real GDP per capita as a rough proxy for the trend in overall welfare. If this ratio is rising Canadians, in general…
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Philip Smith
4
Interpreting recent productivity performance in Canada
Exploring why productivity has been decreasing recently
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Philip Smith
2
The state of the Canadian household sector
Coping with higher interest rates and real wage losses due to unanticipated inflation, are households approaching a crisis or are they still in…
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Philip Smith
1
Productivity performance in Canada compared to other developed countries
How has Canada fared when juxtaposed with similar economies?
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Philip Smith
Canada's recent strong population growth in perspective
An exploration of the relative roles of births, deaths, immigration, emigration and non-permanent residents in ten charts
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Philip Smith
1
Canada's economic outcome in 2022
Canadian GDP growth was quite strong in 2022. Here is a quick review of what happened to production across provinces and territories and industries
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Philip Smith
The terms of our trade
How ever-changing relative prices affect us all
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Philip Smith
1
Philip’s economic commentary
Philip’s economic commentary
Providing insights about latest developments in the Canadian economy, well illustrated with colourful charts and tables
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