Markets Actual Q1 Q2 Q3 Q4 2022
Currency 1.27 1.28 1.29 1.29 1.3 1.31
Stock Market (points) 17944.88 17703 17499 17298 17100 16702
Government Bond 10Y (%) 0.81 0.84 0.87 0.91 0.95 1.02

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 8.90 3.5 1.9 2.1 2.7 1.7
GDP Annual Growth Rate (%) -5.20 1.1 12 6 2.5 2.5
GDP Growth Annualized (%) 40.50 3.5 3.2 3 3.8 2
Unemployment Rate (%) 8.60 8.2 8 7.9 7.5 6.5
Inflation Rate (%) 1.00 0.9 1.1 1.4 1.6 2
Inflation Rate Mom (%) 0.10 0.1 0.3 0.2 0.2 0.2
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.5
Balance of Trade (CAD Million) -3339.50 -2000 -1200 -1100 3200 -500
Current Account (CAD Million) -7528.00 -12100 -13500 -14200 -15800 -15600
Current Account to GDP (%) -2.10 -2.4 -2.4 -2.4 -2.4 -2.2
Government Debt to GDP (%) 88.60 115 115 115 115 114
Government Budget (% of GDP) -1.50 -13.5 -13.5 -13.5 -13.5 -10.5
Business Confidence (points) 46.70 55 56 57 57.7 58
Manufacturing PMI (points) 57.90 54.5 54 53.5 53 53
Consumer Confidence (points) 47.98 51 51.9 52.5 53 55
Retail Sales MoM (%) 0.40 0.5 0.7 0.4 0.4 0.4
Building Permits (CAD Thousand) 9424461.00 8100000 8200000 8230000 8250000 8350000
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 Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 8.90 3.5 1.9 2.1 2.7 1.7
GDP Annual Growth Rate (%) -5.20 1.1 12 6 2.5 2.5
GDP Growth Annualized (%) 40.50 3.5 3.2 3 3.8 2
GDP (USD Billion) 1736.43 1670 1670 1670 1670 1740
GDP Constant Prices (CAD Million) 2003084.00 2138389 1981696 2079815 2170465 2170465
Gross National Product (CAD Million) 2208752.00 2272677 2184373 2283768 2306767 2306767
Gross Fixed Capital Formation (CAD Million) 435642.00 439669 414126 442759 446264 446264
GDP per capita (USD) 51588.80 50100 51100 51100 51100 51600
GDP per capita PPP (USD) 49031.38 48050 48050 48050 48050 48870
GDP From Agriculture (CAD Million) 46418.00 42070 38398 41693 42701 42701
GDP From Construction (CAD Million) 138309.00 140339 134522 138702 142444 142444
GDP From Manufacturing (CAD Million) 186802.00 208424 187975 184662 211551 211551
GDP From Mining (CAD Million) 134062.00 156086 136858 140934 158427 158427
GDP From Public Administration (CAD Million) 134948.00 134336 126911 132392 136352 136352
GDP From Services (CAD Million) 1367436.00 1423257 1330970 1315654 1444606 1444606
GDP From Transport (CAD Million) 70825.00 91658 84998 77852 93032 93032
GDP From Utilities (CAD Million) 42068.00 44667 41355 43871 45337 45337

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 8.60 8.2 8 7.9 7.5 6.5
Employed Persons (Thousand ) 18553.00 18600 18900 19100 19100 19100
Unemployed Persons (Thousand ) 1755.80 1650 1580 1550 1480 1180
Part Time Employment (Thousand) -99.00 10 20 20 10 8
Full Time Employment (Thousand) 36.50 50 30 50 20 20
Employment Change (Thousand) -62.60 60 50 70 70 23
Labor Force Participation Rate (%) 64.90 65.4 65.4 65.5 65.6 65.6
Youth Unemployment Rate (%) 17.70 16 15.8 15.5 15.5 13.5
Labour Costs (points) 115.02 115 116 120 117 119
Productivity (points) 111.81 122 122 122 122 123
Wages (CAD/Hour) 27.28 27.49 27.75 28.09 28 28.45
Wages in Manufacturing (CAD/Hour) 26.76 28.76 27.43 27.04 28.95 29.77
Minimum Wages (CAD/Hour) 14.00 14.25 14.25 14.25 14.5 15
Population (Million) 37.78 38.01 38.01 38.01 38.36 38.71
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Job Vacancies 512760.00 500000 500000 560000 570000 580000
Non Farm Payrolls (Thousand) 15106.90 16400 16900 17000 17100 17800
Adp Employment Change (Thousand) 40.80 70 90 85 40 55
Average Hourly Earnings (CAD) 30.48 31 31.2 31.3 31.4 31.6
Employment Rate (%) 59.30 60 60.4 60.7 60.9 60.9
Wage Growth (%) 5.90 3.7 3.5 3.3 3.5 3.5

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 1.00 0.9 1.1 1.4 1.6 2
Inflation Rate Mom (%) 0.10 0.1 0.3 0.2 0.2 0.2
Consumer Price Index CPI (points) 137.70 138 139 139 140 143
Core Consumer Prices (points) 136.60 137 138 138 139 142
Core Inflation Rate (%) 1.50 1.1 1.5 1.7 2 2
GDP Deflator (points) 111.60 111 110 113 113 116
Producer Prices (points) 101.50 99.6 99.59 99.08 133 101
Producer Prices Change (%) 1.50 0.7 1.1 1.3 1.5 2
Export Prices (points) 109.40 111 110 110 109 110
Import Prices (points) 121.50 123 123 122 122 122
Food Inflation (%) 1.90 2.4 2.6 2.8 2.8 3.1
CPI Housing Utilities (points) 148.70 148 148 149 151 154
CPI Transportation (points) 141.30 140 144 142 144 146
Wholesale Prices (points) 96.90 89.9 90.3 90.5 90.9 92.3

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.5
Interbank Rate (%) 0.45 0.49 0.49 0.49 2.52 0.49
Money Supply M1 (CAD Million) 1379967.00 1383000 1370000 1353000 1300000 1250000
Money Supply M2 (CAD Million) 2105411.00 2255000 2405000 2355000 2000000 1900000
Foreign Exchange Reserves (USD Million) 90428.00 90500 89700 89000 88600 87500
Banks Balance Sheet (CAD Million) 7096122.00 6965000 6907000 6850000 6800000 6500000
Central Bank Balance Sheet (CAD Million) 534839.20 505000 480000 450100 448000 397000
Loans to Private Sector (CAD Million) 493080.00 522597 522597 525627 525627 463912
Deposit Interest Rate (%) 0.06 0.06 0.06 0.06 0.6 0.06
Foreign Stock Investment (CAD Million) 11783.00 -3100 -1500 800 2300 7500
Private Debt to GDP (%) 263.10 266 266 266 260 264

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (CAD Million) -3339.50 -2000 -1200 -1100 3200 -500
Current Account (CAD Million) -7528.00 -12100 -13500 -14200 -15800 -15600
Current Account to GDP (%) -2.10 -2.4 -2.4 -2.4 -2.4 -2.2
Imports (CAD Million) 50102.60 49500 50100 50500 51300 51000
Exports (CAD Million) 46763.10 48300 49000 49700 50800 51200
External Debt (CAD Million) 3026494.00 3300000 3320000 3330000 3360000 3450000
Capital Flows (CAD Million) 0.00 -25 10 15 15 -5
Foreign Direct Investment (CAD Million) 10338.00 13500 14000 14230 14300 15900
Gold Reserves (Tonnes) 0.00 0 4 4 4 4
Crude Oil Production (BBL/D/1K) 3789.00 4800 4800 4800 4900 4900
Tourist Arrivals 139916.00 580000 900000 1130000 1300000 1800000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 88.60 115 115 115 115 114
Government Budget (% of GDP) -1.50 -13.5 -13.5 -13.5 -13.5 -10.5
Government Budget Value (CAD Million) -18506.00 -30000 1000 1100 1300 1500
Government Spending (CAD Million) 425273.00 432981 404422 432357 439476 439476
Government Revenues (CAD Million) 24067.00 25500 26300 26700 27000 27900
Fiscal Expenditure (CAD Million) 40997.00 60500 49500 48400 47200 28000
Government Debt (CAD Billion) 721.36 820 820 820 820 790
Military Expenditure (USD Million) 21352.00 21600 21600 21600 21700 21700

Taxes Actual Q1 Q2 Q3 Q4 2022
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 (%) 14.09 13.81 14.09 14.09 13.81 13.81
Social Security Rate For Companies (%) 7.37 7.23 7.37 7.37 7.23 7.23
Social Security Rate For Employees (%) 6.72 6.58 6.72 6.72 6.58 6.58

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) 46.70 55 56 57 57.7 58
Manufacturing PMI (points) 57.90 54.5 54 53.5 53 53
Industrial Production (%) -7.90 0.5 10 3.5 2.3 2.3
Industrial Production Mom (%) 1.41 0.6 0.5 0.4 0.6 0.5
Manufacturing Production (%) -4.24 0.5 10.5 5.5 2.1 1.5
Capacity Utilization (%) 76.50 80 80200 80.4 80.7 83.5
New Orders (CAD THO) 52026890.00 53500000 54100000 54900000 55200000 55200000
Bankruptcies (Companies) 165.00 218 227 230 230 220
Corporate Profits (CAD Million) 80952.00 81900 82100 83500 85000 90100
Car Registrations (Units) 131745.00 180000 182000 175000 125000 128000
Leading Economic Index (%) 0.40 0.3 0.5 0.4 0.4 0.3
Manufacturing Sales (%) 0.30 0.9 1.5 2.5 1.5 2
Mining Production (%) -15.40 -3 18 6.5 3.5 3.5
Wholesale Sales (%) 1.00 1.1 1 1.2 1 1.5

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 47.98 51 51.9 52.5 53 55
Retail Sales MoM (%) 0.40 0.5 0.7 0.4 0.4 0.4
Retail Sales YoY (%) 7.50 6.5 2.5 3 3.5 3.5
Retail Sales Ex Autos (%) 0.00 0.4 0.5 0.4 0.4 0.4
Consumer Spending (CAD Million) 1133623.00 1209164 1119716 1161488 1227302 1227302
Disposable Personal Income (CAD Million) 1416188.00 134289 1353950 1371225 1381930 1450228
Personal Savings (%) 14.60 10 8.5 7.9 7.1 4
Consumer Credit (CAD Million) 626249.00 642431 606336 646629 652068 652068
Private Sector Credit (CAD Million) 4638279.00 4618000 4615000 4614000 4613000 4610000
Bank Lending Rate (%) 2.45 2.45 2.45 2.45 4.45 2.45
Households Debt To GDP (% of GDP) 110.97 106 105 105 104 102
Households Debt To Income (%) 170.93 171 171 171 172 173
Gasoline Prices (USD/Liter) 0.85 0.84 0.7 0.67 0.8 0.8

Housing Actual Q1 Q2 Q3 Q4 2022
Building Permits (CAD Thousand) 9424461.00 8100000 8200000 8230000 8250000 8350000
Housing Starts (Thousand units) 228.30 213 215 221 213 216
Housing Index (points) 107.90 105 105 105 104 104
Home Ownership Rate (%) 66.30 63 63 64 64 64


This page has economic forecasts for Canada including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Canada economy.