Released today, @ExportDevCanada's Canadian Economic Recovery Tracker.
Things are starting to improve through mid-February, with COVID cases falling and oil prices rising
edc.ca/en/guide/edc-c… #CdnEcon
Things are starting to improve through mid-February, with COVID cases falling and oil prices rising
edc.ca/en/guide/edc-c… #CdnEcon
...In the past month, the number of weekly COVID-19 cases in Canada has declined as provinces adopted stronger restrictions.
These case count improvements, in turn, have just recently allowed some jurisdictions to start to slowly ease restrictions again.
These case count improvements, in turn, have just recently allowed some jurisdictions to start to slowly ease restrictions again.
Financial markets continued their strong performance in recent weeks, with equity indices reaching record highs across the world.
The Canadian price of oil has enjoyed a robust recovery thus far in 2021 and at US$47 a barrel, is now well above its pre-pandemic level.
The Canadian price of oil has enjoyed a robust recovery thus far in 2021 and at US$47 a barrel, is now well above its pre-pandemic level.
The transportation and mobility were flat over the past month. Personal mobility continues to be significantly depressed as restrictions continue in most parts of the country. Flights are moving sideways and freight traffic remains in mild positive year-on-year growth territory.
Business and consumer sentiment continued to hold steady or improve, likely fueled by positive vaccine developments, suggesting the pandemic will eventually be brought under control.
Spending and employment remain relatively stable.
After an impressive recovery, online job postings experienced a slight setback in recent weeks.
Recently hours worked have recovered close to pre-pandemic levels, while spending is slightly below year-ago levels.
After an impressive recovery, online job postings experienced a slight setback in recent weeks.
Recently hours worked have recovered close to pre-pandemic levels, while spending is slightly below year-ago levels.
...Of our 12 high-frequency indictors:
6 have "Recovered": equity prices, oil prices, freight shipments, consumer confidence, manufacturing orders, consumer spending
6 still haven't recovered: covid cases, gov't restrictions, personal mobility, flights, hrs worked, job postings
6 have "Recovered": equity prices, oil prices, freight shipments, consumer confidence, manufacturing orders, consumer spending
6 still haven't recovered: covid cases, gov't restrictions, personal mobility, flights, hrs worked, job postings
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