TABE - Bank of Canada: Nowcasting Provinical GDP Growth

Download as iCal file

Thursday 16 November 2017, 12:00 - 13:30


Hits : 917


Bank of Canada: Nowcasting Provincial GDP Growth


Tony Chernis
Bank of Canada

This presentation discusses a new methodology for measuring and nowcasting Canadian provincial economic growth. This methodology combines monthly, and quarterly data to nowcast the annual provincial GDP figures, and create a monthly indicator of growth in real-time. This is an important innovation as the provincial GDP figures are released with a significant lag - it can take up to 11 months after the end of the year until the release of the conventional Statistics Canada measure of GDP. Overall, the model makes accurate nowcasts for larger provinces and regions, and in some cases using exclusively region specific data can make improvements.

Please note, this session is “Off the Record” and is closed to the media.

Tony Chernis is an economist in the Canadian Economic Analysis department at the Bank of Canada.  As a member of the Real Economic Activity Division, he contributes to monitoring the Canadian economy and develops tools to assist in those efforts.  Tony holds a Master's degree in economics from Simon Fraser University.

Where:  Bank of Canada, 20th Floor, Sun Life Financial Tower, 150 King St. W., Toronto


When:   Thursday, November 16


Time:     Lunch at 12:00 followed by Presentation and Q&A from 12:20 to 1:30.


Price:    Members: $25, Non-Members: $45 and Students: $10.  Light lunch provided.  Members and students must login to receive the discount.