{"id":1107,"date":"2021-04-27T09:02:39","date_gmt":"2021-04-27T09:02:39","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2021\/04\/27\/the-economic-pulse-april-2021-edition\/"},"modified":"2021-04-27T09:02:39","modified_gmt":"2021-04-27T09:02:39","slug":"the-economic-pulse-april-2021-edition","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/","title":{"rendered":"The Economic Pulse \u2013 April 2021 Edition"},"content":{"rendered":"<div style=\"position: relative; display: block; max-width: 960px;\">\n<div style=\"padding-top: 56.25%;\"><iframe src=\"https:\/\/players.brightcove.net\/6021289101001\/VyvCc9BZx_default\/index.html?videoId=6250029120001\" allowfullscreen=\"\" allow=\"encrypted-media\" style=\"position: absolute; top: 0px; right: 0px; bottom: 0px; left: 0px; width: 100%; height: 100%;\"><\/iframe><\/div>\n<\/div>\n<hr>\n<p>In this edition, we take a closer look at the economic outlook in Canada, and the fiscal policies that are supporting the economy\u2019s improving trends as well as what it means for the Bank of Canada as we move forward.<\/p>\n<hr>\n<h4><strong>Theme 1: Economy surprises to the upside<\/strong><\/h4>\n<p>We have seen a steady upward revision to global growth forecasts, including for Canada. We will look for robust global growth of about 6% this year. This lays the groundwork for stronger Canadian export growth that will provide a lift to the economy in 2021.<\/p>\n<div style=\"max-width: 75px; height: 4px; background: #FEE100; margin: 25px 0; clear: both;\">\u00a0<\/div>\n<h4><strong>Theme 2: Expansionary fiscal policy continues<\/strong><\/h4>\n<p>Expansionary fiscal policy has provided a lift to Canada\u2019s growth prospects, with the consumer sector benefitting from income supports.  The latest budget signals these trends will continue with sizeable fiscal support to remain in place for the Canadian economy as we move through the year.<\/p>\n<div style=\"max-width: 75px; height: 4px; background: #FEE100; margin: 25px 0; clear: both;\">\u00a0<\/div>\n<h4><strong>Theme 3: Bank of Canada gaining attention<\/strong><\/h4>\n<p>The Bank of Canada made a significant upward revision to the forecast for Canada\u2019s economy to 6.5% in 2021. This stronger performance will see the Canadian economy return to full capacity earlier than was previously expected and will likely see the bank raise the policy rate in 2022, a year ahead of their January projection.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBC Chief Economist Craig Wright discusses the fiscal policy supporting the improving economic outlook and what it means for the Bank of Canada.<\/p>\n","protected":false},"author":270,"featured_media":1104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[83,82,84],"tags":[11],"class_list":["post-1107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-featured-analysis","category-insights","tag-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Economic Pulse \u2013 April 2021 Edition - RBC Economics<\/title>\n<meta name=\"description\" content=\"RBC Chief Economist Craig Wright discusses the fiscal policy supporting the economy&#039;s improving trends and what it means for the Bank of Canada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Economic Pulse \u2013 April 2021 Edition\" \/>\n<meta property=\"og:description\" content=\"RBC Chief Economist Craig Wright discusses the fiscal policy supporting the economy&#039;s improving trends and what it means for the Bank of Canada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Economics\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-27T09:02:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1236\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Craig Wright\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Craig Wright\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/\"},\"author\":{\"name\":\"Craig Wright\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/6bd0d913ccadf77a8d78b5e2a941e5d2\"},\"headline\":\"The Economic Pulse \u2013 April 2021 Edition\",\"datePublished\":\"2021-04-27T09:02:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/\"},\"wordCount\":205,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80\",\"keywords\":[\"Economy\"],\"articleSection\":[\"Canadian Analysis\",\"Featured Analysis\",\"Insights\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/\",\"name\":\"The Economic Pulse \u2013 April 2021 Edition - RBC Economics\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80\",\"datePublished\":\"2021-04-27T09:02:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/6bd0d913ccadf77a8d78b5e2a941e5d2\"},\"description\":\"RBC Chief Economist Craig Wright discusses the fiscal policy supporting the economy's improving trends and what it means for the Bank of Canada.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#primaryimage\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80\",\"contentUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80\",\"width\":2560,\"height\":1236},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbc.com\/en\/economics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Economic Pulse \u2013 April 2021 Edition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/\",\"name\":\"RBC Economics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/6bd0d913ccadf77a8d78b5e2a941e5d2\",\"name\":\"Craig Wright\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/ac47a99bb9882329ad512346ea7de8be6381b414f9a344f98c9a4d5c5a0e6544?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac47a99bb9882329ad512346ea7de8be6381b414f9a344f98c9a4d5c5a0e6544?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac47a99bb9882329ad512346ea7de8be6381b414f9a344f98c9a4d5c5a0e6544?s=96&d=mm&r=g\",\"caption\":\"Craig Wright\"},\"url\":\"https:\/\/www.rbc.com\/en\/economics\/author\/craig-wright\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Economic Pulse \u2013 April 2021 Edition - RBC Economics","description":"RBC Chief Economist Craig Wright discusses the fiscal policy supporting the economy's improving trends and what it means for the Bank of Canada.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/","og_locale":"en_US","og_type":"article","og_title":"The Economic Pulse \u2013 April 2021 Edition","og_description":"RBC Chief Economist Craig Wright discusses the fiscal policy supporting the economy's improving trends and what it means for the Bank of Canada.","og_url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/","og_site_name":"RBC Economics","article_published_time":"2021-04-27T09:02:39+00:00","og_image":[{"width":2560,"height":1236,"url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80","type":"image\/jpeg"}],"author":"Craig Wright","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Craig Wright","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/"},"author":{"name":"Craig Wright","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/6bd0d913ccadf77a8d78b5e2a941e5d2"},"headline":"The Economic Pulse \u2013 April 2021 Edition","datePublished":"2021-04-27T09:02:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/"},"wordCount":205,"commentCount":0,"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80","keywords":["Economy"],"articleSection":["Canadian Analysis","Featured Analysis","Insights"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/","url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/","name":"The Economic Pulse \u2013 April 2021 Edition - RBC Economics","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80","datePublished":"2021-04-27T09:02:39+00:00","author":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/6bd0d913ccadf77a8d78b5e2a941e5d2"},"description":"RBC Chief Economist Craig Wright discusses the fiscal policy supporting the economy's improving trends and what it means for the Bank of Canada.","breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80","width":2560,"height":1236},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/the-economic-pulse-april-2021-edition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbc.com\/en\/economics\/"},{"@type":"ListItem","position":2,"name":"The Economic Pulse \u2013 April 2021 Edition"}]},{"@type":"WebSite","@id":"https:\/\/www.rbc.com\/en\/economics\/#website","url":"https:\/\/www.rbc.com\/en\/economics\/","name":"RBC Economics","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/6bd0d913ccadf77a8d78b5e2a941e5d2","name":"Craig Wright","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ac47a99bb9882329ad512346ea7de8be6381b414f9a344f98c9a4d5c5a0e6544?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ac47a99bb9882329ad512346ea7de8be6381b414f9a344f98c9a4d5c5a0e6544?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac47a99bb9882329ad512346ea7de8be6381b414f9a344f98c9a4d5c5a0e6544?s=96&d=mm&r=g","caption":"Craig Wright"},"url":"https:\/\/www.rbc.com\/en\/economics\/author\/craig-wright\/"}]}},"author_meta":{"display_name":"Craig Wright","author_link":"https:\/\/www.rbc.com\/en\/economics\/author\/craig-wright\/"},"featured_img":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-333-scaled-1.jpg?quality=80","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/\" class=\"advgb-post-tax-term\">Canadian Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/\" class=\"advgb-post-tax-term\">Featured Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Insights<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Canadian Analysis<\/span>","<span class=\"advgb-post-tax-term\">Featured Analysis<\/span>","<span class=\"advgb-post-tax-term\">Insights<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Economy<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Economy<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 5 years ago","modified":"Updated 5 years ago"},"absolute_dates":{"created":"Posted on April 27, 2021","modified":"Updated on April 27, 2021"},"absolute_dates_time":{"created":"Posted on April 27, 2021 9:02 am","modified":"Updated on April 27, 2021 9:02 am"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/users\/270"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/comments?post=1107"}],"version-history":[{"count":0,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/1104"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=1107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=1107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=1107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}