00000nam 2200000zi 4500 9.884458 CaOODSP 20250821075118 m o d f cr |n||||||||| 200210t20202020oncd ob f000 0 eng d CaOODSP eng rda CaOODSP eng fre n-cn--- FB3-7/2020-1E-PDF Webley, Taylor, author. Characterizing breadth in Canadian economic activity / by Taylor Webley, Carla Valerio and Maureen MacIsaac. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (iii, 8 pages) : charts text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical note = Note analytique du personnel, 2369-9639 ; 2020-1 Cover title. "Last updated: February 5, 2020." Includes bibliographical references (page 8). "Real growth in gross domestic product tends to be meaningfully higher when a large share of industries and demand components are growing—that is, when growth is broad across many fronts. We present a simple new indicator, the overall breadth indicator (OBI), to measure how widespread economic activity is in Canada, allowing us to place recent data in historical context. The relationship between the OBI and the output gap is strong contemporaneously and one quarter ahead. Beyond that, however, the signal from the OBI is less robust"--Abstract. Includes Abstract in French. Economic development Canada Measurement. Développement économique Canada Mesure. Canada Economic conditions. Canada Conditions économiques. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2020-1. (CaOODSP)9.807323 PDF 507 KB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-7-2020-1-eng.pdf