Stephen Poloz’s dashboard: The latest charts that matter most to the Bank of Canada

Kevin Carmichael

When Statistics Canada publishes the Labour Force Survey early each month, the number that makes the headlines is the net change in employment, or maybe the jobless rate.

Stephen Poloz, the Bank of Canada governor, probably only glances at those figures. He’s interested in more granular elements of the report. For example, as an audience in Moncton heard on Sept. 27, the youth participation rate is an indicator he watches “particularly closely.” You never see that number reported widely.

Popular indicators such as factory production and the Consumer Price Index shine a spotlight on the economy. But spotlights leave shadows. If you rely only on a few widely reported figures, your understanding of how the central bank is thinking about the economy will be lacking.

Fortunately, Poloz and his ...

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