Justin-Damien Guénette

Justin-Damien Guenette

Principal Economist

Justin-Damien Guénette is a Principal Economist in the United States Division of the International Department. His primary interests include macroeconomics, emerging markets and energy commodities. He obtained his Masters in Global Governance and Economics from the University of Waterloo.

Contact

Justin-Damien Guénette

Principal Economist
International Economic Analysis
United States Division

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Latest

A Canada-US Comparison of Labour Market Conditions

Staff Analytical Note 2017-4 Dany Brouillette, Katerina Gribbin, Justin-Damien Guénette, James Ketcheson, Olena Kostyshyna, Jonathan Lachaine, Colin Scarffe
In this note, we provide a brief comparison of the recent developments in the labour markets in Canada and the United States. Our analysis indicates that slack remains in the Canadian labour market, while the US labour market is close to full employment.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, J, J2, J21, J22, J23

The Global Benefits of Low Oil Prices: More Than Meets the Eye

Staff Analytical Note 2016-13 Robert Fay, Justin-Damien Guénette, Louis Morel
Between mid-2014 and early 2016, oil prices fell by roughly 65 per cent. This note documents the channels through which this oil price decline is expected to affect the global economy. One important and immediate channel is through higher expenditures, especially in net oil-importing countries.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Business fluctuations and cycles, International topics, Recent economic and financial developments JEL Code(s): E, E3, E32, E37, F, F0, F01, Q, Q4, Q43

The Case of Serial Disappointment

Staff Analytical Note 2016-10 Justin-Damien Guénette, Nicholas Labelle, Martin Leduc, Lori Rennison
Similar to those of other forecasters, the Bank of Canada’s forecasts of global GDP growth have shown persistent negative errors over the past five years. This is in contrast to the pre-crisis period, when errors were consistently positive as global GDP surprised to the upside. All major regions have contributed to the forecast errors observed since 2011, although the United States has been the most persistent source of notable errors.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Business fluctuations and cycles, Domestic demand and components, Economic models, International topics, Potential output, Uncertainty and monetary policy JEL Code(s): E, E2, E27, E6, E66, F, F0, F01

Nowcasting BRIC+M in Real Time

Staff Working Paper 2015-38 Tatjana Dahlhaus, Justin-Damien Guénette, Garima Vasishtha
Emerging-market economies have become increasingly important in driving global GDP growth over the past 10 to 15 years. This has made timely and accurate assessment of current and future economic activity in emerging markets important for policy-makers not only in these countries but also in advanced economies.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C3, C33, C5, C53, E, E3, E37

A Blessing in Disguise: The Implications of High Global Oil Prices for the North American Market

Staff Working Paper 2013-23 Ron Alquist, Justin-Damien Guénette
We examine the implications of increased unconventional crude oil production in North America. This production increase has been made possible by the existence of alternative oil-recovery technologies and persistently elevated oil prices that make these technologies commercially viable.
Content Type(s): Staff Research, Staff Working Papers Topic(s): International topics, Recent economic and financial developments JEL Code(s): Q, Q4, Q41, Q43, Q47

See More

Other

Publication

Archives

Bank Publications

Education

  • M.A., (Global Governance and Economics), University of Waterloo (2009)
  • B.A., (Economics), University of Waterloo

Research Interests

  • Macroeconomics
  • Emerging Markets
  • Commodities
  • International political economy

About

Affiliate Sites

Legal

Follow the Bank