Research Briefing | Jun 14, 2021

Canada | Recovery Tracker heats up as summer approaches

Ipad Frame (45)

Our Canada Recovery Tracker (CRT) rose 3.3ppts to 90.9 in the week ended May 21, its fourth straight weekly increase. Six of seven subcomponents went up, led by strong gains in health and sentiment.

What you will learn:

  • The health index climbed 18.5ppts as all subcomponents improved, highlighted by a 26% w/w drop in new cases per million. Declines were also seen in the positive test rate, hospitalizations, and the reproductive rate, which fell 0.09pts to 0.77, its lowest level since June 2020.
  • Mobility rose 3.8ppts w/w with all subcomponents up, led by increases in driving and retail and recreation. 
  • The sentiment index rose 9ppts as health conditions improved and provinces began releasing their multi-stage reopening plans. Strong travel and tourism interest led the way, while housing interest also surged.
Back to Resource Hub

Related Services

Seoul, South Korea

Post

BoK’s monetary policy to tighten even as hiking cycle ends

Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.

Find Out More

Post

China: Emerging green shoots in Spring, but not out of the woods

We now incorporate a faster recovery from the post-Covid exit wave and raise our 2023 full-year GDP growth forecast to 4.5% (from 4.2% previously).

Find Out More