Markets Actual Q3 Q4 Q1 Q2 2023
Stock Market (points) 18861.36 18433 18014 17605 17205 16433
Currency 1.29 1.3 1.32 1.34 1.35 1.38
Government Bond 10Y (%) 3.23 3.36 3.5 3.64 3.8 4.12

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.80 0.6 0.9 0.8 0.5 0.8
GDP Annual Growth Rate (%) 2.90 3.1 1.8 1.5 1.3 2.5
GDP Growth Annualized (%) 3.10 3.5 3.2 2.7 2.5 3
Unemployment Rate (%) 5.10 5.4 5.4 5.3 5.5 5.5
Inflation Rate (%) 7.70 6.8 5.5 4.5 3.1 2
Inflation Rate Mom (%) 1.40 0.3 0.3 0.2 0.2 0.2
Interest Rate (%) 1.50 2.5 2.75 2.75 2.75 2.5
Balance of Trade (CAD Million) 1501.00 4063 4600 7092 7092 6500
Current Account (CAD Million) 5026.00 2144 1821 623 1230 550
Current Account to GDP (% of GDP) 0.10 1 1 -0.2 -0.2 -0.2
Government Debt to GDP (% of GDP) 117.80 99 99 97 97 97
Government Budget (% of GDP) -4.70 -2.1 -2.1 -0.9 -0.9 -0.9
Business Confidence (points) 72.00 60 58 56 59 58
Manufacturing PMI (points) 56.80 56 55 53 55 53
Consumer Confidence (points) 50.42 53 53 54 52 55
Retail Sales MoM (%) 0.90 0.7 0.7 0.5 0.5 0.4
Building Permits (CAD Thousand) 11679415.00 11553693 11631565 11709437 11787309 11943053
Corporate Tax Rate (%) 26.50 26.5 26.5 26.5 26.5 26.5
Personal Income Tax Rate (%) 33.00 33 33 33 33 33

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.80 0.6 0.9 0.8 0.5 0.8
GDP Annual Growth Rate (%) 2.90 3.1 1.8 1.5 1.3 2.5
GDP Growth Annualized (%) 3.10 3.5 3.2 2.7 2.5 3
GDP (USD Billion) 1644.04 1740 1740 1740 1740 1740
GDP Constant Prices (CAD Million) 2140751.00 2138511 2156023 2162954 2172862 2217028
Gross National Product (CAD Million) 2677132.00 2525109 2567458 2630365 2717289 2696125
Gross Fixed Capital Formation (CAD Million) 474338.00 483831 465828 470453 481453 482215
GDP per capita (USD) 42108.17 44500 44500 44500 44500 45600
GDP per capita PPP (USD) 45856.63 47072 47567 48028 48028 49375
Monthly GDP MoM (%) -0.20 0.2 0.3 0.3 0.3 0.3
GDP From Agriculture (CAD Million) 41591.00 37758 41366 42217 42132 42401
GDP From Construction (CAD Million) 155023.00 151029 151006 157739 157038 154781
GDP From Manufacturing (CAD Million) 196944.00 189151 195135 197587 199504 200014
GDP From Mining (CAD Million) 159076.00 161211 155179 156561 161144 159058
GDP From Public Administration (CAD Million) 139972.00 143361 141586 142959 141792 145126
GDP From Services (CAD Million) 1457943.00 1468899 1468028 1478079 1476896 1504729
GDP From Transport (CAD Million) 79322.00 76625 77442 79357 80353 79378
GDP From Utilities (CAD Million) 42733.00 42799 42760 42742 43289 43829

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 5.10 5.4 5.4 5.3 5.5 5.5
Employed Persons (Thousand ) 19640.30 19155 19204 19254 19254 19406
Unemployed Persons (Thousand ) 1057.80 1300 1280 1210 1210 1280
Part Time Employment (Thousand) -95.80 -20 80 70 70 140
Full Time Employment (Thousand) 135.40 50 50 30 30 20
Employment Change (Thousand) 39.80 150 23 80 80 23
Labor Force Participation Rate (%) 65.30 65.5 65.5 65.5 65.5 65.6
Youth Unemployment Rate (%) 9.80 11 11 11 11 12
Labour Costs (points) 124.15 122 124 124 128 128
Productivity (points) 106.98 110 112 112 112 113
Wages (CAD/Hour) 28.68 28.17 28.31 29.09 29.39 30.11
Wages in Manufacturing (CAD/Hour) 28.67 27.99 28.25 29.3 29.77 30.33
Minimum Wages (CAD/Hour) 15.50 15 15.5 15.5 16 16.5
Population (Million) 38.44 38.24 38.24 38.57 38.57 38.57
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Job Vacancies 890385.00 600000 580000 580000 580000 580000
Non Farm Payrolls (Thousand) 17457.00 17389 17448 17507 17507 17683
Employment Rate (%) 61.90 61.5 61.5 61.3 61.3 60.9
Adp Employment Change (Thousand) 475.00 50 55 70 70 55
Average Hourly Earnings (CAD) 32.14 31.1 31 31.2 31.2 31
Wage Growth (%) 4.30 3 3 3 3 3.5

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 7.70 6.8 5.5 4.5 3.1 2
Inflation Rate Mom (%) 1.40 0.3 0.3 0.2 0.2 0.2
Consumer Price Index CPI (points) 151.90 152 153 152 156 155
Core Consumer Prices (points) 147.30 144 145 145 149 148
Core Inflation Rate (%) 6.10 3.3 2.8 2.6 2.5 2
GDP Deflator (points) 126.00 128 128 129 132 132
Producer Prices (points) 132.00 129 126 126 134 128
Producer Prices Change (%) 15.00 8.2 6.4 3.9 3.9 2
Export Prices (points) 152.80 128 125 120 120 120
Import Prices (points) 139.80 130 126 120 120 130
Food Inflation (%) 8.80 6.2 5.7 4.3 4.3 2
CPI Transportation (points) 172.20 173 173 174 174 174
CPI Housing Utilities (points) 163.00 164 165 165 167 169
Wholesale Prices (points) 165.00 145 140 140 140 130

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 1.50 2.5 2.75 2.75 2.75 2.5
Interbank Rate (%) 2.76 3.76 4.01 4.01 4.01 4.01
Money Supply M1 (CAD Million) 1623740.00 1607743 1613584 1619425 1619425 1636949
Money Supply M2 (CAD Million) 2347490.00 2326225 2363835 2376378 2376378 2388924
Money Supply M3 (CAD Million) 3251289.00 3189429 3201429 3213428 3213428 3253428
Foreign Exchange Reserves (USD Million) 107893.00 92500 90500 90500 90500 90500
Banks Balance Sheet (CAD Million) 1046862.00 1050000 1033151 1044751 1044751 1057277
Central Bank Balance Sheet (CAD Million) 462460.00 504453 505018 505584 505584 507280
Loans to Private Sector (CAD Million) 542229.00 522936 524632 528025 528025 531984
Deposit Interest Rate (%) 2.35 2.31 3.31 3.56 3.56 3.31
Foreign Stock Investment (CAD Million) 22227.00 35000 40000 45000 45000 25000
Private Debt to GDP (%) 304.10 300 300 300 300 300

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (CAD Million) 1501.00 4063 4600 7092 7092 6500
Current Account (CAD Million) 5026.00 2144 1821 623 1230 550
Current Account to GDP (% of GDP) 0.10 1 1 -0.2 -0.2 -0.2
Imports (CAD Million) 62811.00 55045 55353 53710 53710 52000
Exports (CAD Million) 64312.20 59108 59953 60802 60802 58500
External Debt (CAD Million) 3213412.00 2980000 3000000 3000000 3000000 3250000
Capital Flows (CAD Million) 7058.00 900 1200 1200 1200 800
Foreign Direct Investment (CAD Million) 20113.00 16000 15900 15900 15900 15900
Gold Reserves (Tonnes) 0.00 3 3 3 3 3
Crude Oil Production (BBL/D/1K) 4586.00 4610 4650 4700 4700 4750
Tourist Arrivals 761360.00 1000000 1000000 1000000 1000000 1200000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 117.80 99 99 97 97 97
Government Budget (% of GDP) -4.70 -2.1 -2.1 -0.9 -0.9 -0.9
Government Budget Value (CAD Million) -25750.00 -20263 3636 -18075 -21085 3904
Government Spending (CAD Million) 455125.00 464847 464552 461270 461952 472802
Government Revenues (CAD Million) 39403.00 28837 28005 27681 27681 27000
Fiscal Expenditure (CAD Million) 61839.00 30577 29723 27820 27820 27500
Government Debt (CAD Billion) 1048.75 850 850 700 700 700
Military Expenditure (USD Million) 22854.00 22000 22000 22000 22000 22400

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 26.50 26.5 26.5 26.5 26.5 26.5
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
Sales Tax Rate (%) 5.00 5 5 5 5 5
Social Security Rate (%) 14.38 14.38 14.38 14.38 14.38 14.38
Social Security Rate For Companies (%) 7.66 7.23 7.66 7.66 7.66 7.66
Social Security Rate For Employees (%) 6.72 6.58 6.58 6.58 6.58 6.58

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 72.00 60 58 56 59 58
Manufacturing PMI (points) 56.80 56 55 53 55 53
Industrial Production (%) 7.18 2.1 2.1 2.1 2.1 2.3
Industrial Production Mom (%) 1.30 0.3 0.5 0.5 0.5 0.5
Manufacturing Production (%) 6.30 1.5 1.5 1.5 1.5 1.5
Capacity Utilization (%) 82.00 84 84.5 84.5 84.5 84.5
New Orders (CAD THO) 75213825.00 58825166 59352952 59352952 59352952 60408525
Bankruptcies (Companies) 185.00 230 220 220 220 220
Corporate Profits (CAD Million) 140919.00 95000 94100 92000 92000 92000
Car Registrations (Units) 143148.00 175000 150000 150000 150000 150000
Manufacturing Sales (%) -2.50 1 2 2 2 1.6
Mining Production (%) 8.50 2 3 3 3 3
Wholesale Sales (%) 2.00 1 1.5 1.5 1.5 1.5
Small Business Sentiment (points) 59.40 58 55 55 55 54

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 50.42 53 53 54 52 55
Retail Sales MoM (%) 0.90 0.7 0.7 0.5 0.5 0.4
Retail Sales YoY (%) 9.20 2 3 3 3 3
Retail Sales Ex Autos (%) 1.30 0.5 1 1 1 1
Consumer Spending (CAD Million) 1205133.00 1177419 1226762 1216698 1223210 1247116
Disposable Personal Income (CAD Million) 1480976.00 1520000 1520228 1520228 1520228 1600228
Personal Savings (%) 8.10 4 4 4 4 4
Consumer Credit (CAD Million) 705417.00 718031 722202 717038 715053 734964
Bank Lending Rate (%) 3.70 3.7 4.7 4.95 4.95 4.7
Households Debt To GDP (% of GDP) 106.48 114 113 113 113 122
Households Debt To Income (%) 180.02 172 173 173 173 173
Gasoline Prices (USD/Liter) 1.59 1.65 1.71 1.77 1.83 1.83

Housing Actual Q3 Q4 Q1 Q2 2023
Building Permits (CAD Thousand) 11679415.00 11553693 11631565 11709437 11787309 11943053
Housing Starts (Thousand units) 287.26 245 240 230 220 200
Housing Index (points) 125.70 127 125 125 125 130
Home Ownership Rate (%) 68.55 64 64 64 64 64


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Canada Forecast - was last updated on Sunday, July 3, 2022.