Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 20603.88 20269 19907 19552 19206 18528
Currency 1.27 1.27 1.28 1.29 1.3 1.31
Government Bond 10Y (%) 1.26 1.3 1.36 1.42 1.49 1.64
1 Month Bill Yield (%) 0.19 0.19 0.21 0.23 0.26 0.31
2 Year Note Yield (%) 0.46 0.45 0.48 0.51 0.55 0.63
20 Year bond Yield (%) 1.62 1.71 1.78 1.84 1.91 2.06
3 Month Bill Yield (%) 0.13 0.16 0.17 0.19 0.21 0.25
3 Year Note Yield (%) 0.56 0.56 0.6 0.64 0.68 0.78
30 Year bond-Yield (%) 1.78 1.87 1.93 1.99 2.05 2.18
5 Year Note Yield (%) 0.87 0.88 0.93 0.98 1.04 1.16
52 Week Bill Yield (%) 0.28 0.29 0.32 0.35 0.39 0.47
6 Month Bill Yield (%) 0.18 0.18 0.2 0.21 0.23 0.27
7 Year Note Yield (%) 1.05 1.08 1.15 1.21 1.28 1.44

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -0.30 2.1 2.7 1 0.6 1.7
GDP Annual Growth Rate (%) 12.70 6 5.4 3 2.5 3.1
GDP Growth Annualized (%) -1.10 3 3.8 2 2 2
Unemployment Rate (%) 7.10 7.4 7.4 7.2 7 6.5
Inflation Rate (%) 4.10 3.5 2.7 2.1 1.9 1.5
Inflation Rate Mom (%) 0.20 0.3 0.2 0.1 0.1 0.1
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.75
Balance of Trade (CAD Million) 778.10 -1800 -500 1000 1500 200
Current Account (CAD Million) 3581.00 -9500 -11800 -14000 -13000 -15600
Current Account to GDP (% of GDP) -1.90 -0.6 -0.6 -1.5 -1.5 -1.5
Government Debt to GDP (% of GDP) 117.80 120 120 115 113 113
Government Budget (% of GDP) -15.90 -8 -8 -4 -4 -4
Business Confidence (points) 66.00 60 58 55 55 58
Manufacturing PMI (points) 57.20 56 55 53 51 53
Consumer Confidence (points) 52.98 52.5 53 52 53 55
Retail Sales MoM (%) 4.20 0.7 0.4 0.4 0.3 0.4
Building Permits (CAD Thousand) 9897160.00 10017123 10080088 10143053 10206018 10331948
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 2022
GDP Growth Rate (%) -0.30 2.1 2.7 1 0.6 1.7
GDP Annual Growth Rate (%) 12.70 6 5.4 3 2.5 3.1
GDP Growth Annualized (%) -1.10 3 3.8 2 2 2
GDP (USD Billion) 1643.40 1670 1670 1670 1740 1740
GDP Constant Prices (CAD Million) 2071190.00 2124823 2160106 2139498 2122970 2227069
Gross National Product (CAD Million) 2443296.00 2340518 2306767 2455227 2504378 2490757
Gross Fixed Capital Formation (CAD Million) 459534.00 460833 446264 477175 471022 484462
GDP per capita (USD) 48617.09 51100 51100 51100 51100 51600
GDP per capita PPP (USD) 45856.63 48050 48050 48050 48050 48870
GDP From Agriculture (CAD Million) 47861.00 48900 42701 49149 49058 52231
GDP From Construction (CAD Million) 145415.00 146693 142444 153674 149050 152746
GDP From Manufacturing (CAD Million) 187768.00 196157 211551 195431 192462 202021
GDP From Mining (CAD Million) 153026.00 147504 158427 156730 156852 162371
GDP From Public Administration (CAD Million) 138618.00 140694 136352 142090 142083 146301
GDP From Services (CAD Million) 1393175.00 1437306 1444606 1445062 1428004 1490136
GDP From Transport (CAD Million) 71300.00 73994 93032 74206 73083 78912
GDP From Utilities (CAD Million) 43356.00 43679 45337 42549 44440 44888

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 7.10 7.4 7.4 7.2 7 6.5
Employed Persons (Thousand ) 18974.10 18900 19000 19000 19100 19100
Unemployed Persons (Thousand ) 1440.00 1550 1480 1400 1300 1180
Part Time Employment (Thousand) 21.70 200 100 200 150 80
Full Time Employment (Thousand) 68.50 50 20 20 20 20
Employment Change (Thousand) 90.20 70 70 70 70 23
Labor Force Participation Rate (%) 65.10 65.5 65.6 65.2 65.8 65.6
Youth Unemployment Rate (%) 11.60 11.5 11.5 11.2 11 11
Labour Costs (points) 117.14 119 118 117 121 122
Productivity (points) 110.73 112 111 113 116 110
Wages (CAD/Hour) 27.40 27.87 28 28.43 28.25 29.54
Wages in Manufacturing (CAD/Hour) 27.15 27.51 28.95 28.56 27.99 30.33
Minimum Wages (CAD/Hour) 14.35 14.25 14.35 14.35 14.35 15
Population (Million) 38.01 38.49 38.49 38.83 38.83 38.83
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Job Vacancies 553480.00 570000 570000 575000 575000 580000
Non Farm Payrolls (Thousand) 16271.90 17000 17100 18400 18000 17800
Adp Employment Change (Thousand) 39.40 85 40 100 80 55
Average Hourly Earnings (CAD) 30.80 30.8 30.7 30.8 30.8 31
Employment Rate (%) 60.50 60.7 60.9 61 61.3 60.9
Wage Growth (%) 0.70 3.3 3.5 3 3.1 3.5

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 4.10 3.5 2.7 2.1 1.9 1.5
Inflation Rate Mom (%) 0.20 0.3 0.2 0.1 0.1 0.1
Consumer Price Index CPI (points) 142.60 142 141 143 144 143
Core Consumer Prices (points) 140.30 139 139 141 142 142
Core Inflation Rate (%) 3.50 2.4 2.5 2.2 2.1 2
GDP Deflator (points) 118.90 115 116 119 121 118
Producer Prices (points) 114.40 112 133 110 116 113
Producer Prices Change (%) 15.40 10.8 8.5 1.1 0.8 2
Export Prices (points) 128.20 116 110 110 110 110
Import Prices (points) 127.70 122 122 122 122 122
Food Inflation (%) 2.70 2 2.1 1.2 1.4 2
CPI Housing Utilities (points) 153.90 152 153 153 156 155
CPI Transportation (points) 153.80 145 146 152 154 148
Wholesale Prices (points) 127.40 115 113 113 114 115

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.75
Interbank Rate (%) 0.45 0.45 0.45 0.45 0.45 0.7
Money Supply M1 (CAD Million) 1552301.00 1550000 1540000 1520000 1500000 1480000
Money Supply M2 (CAD Million) 2235219.00 2230000 2200000 2100000 2050000 2000000
Money Supply M3 (CAD Million) 3003837.00 3040000 3020000 3000000 2950000 2800000
Foreign Exchange Reserves (USD Million) 106539.00 89000 88600 89000 88500 87500
Banks Balance Sheet (CAD Million) 1056435.00 1050313 1047089 1026254 1027204 1033151
Central Bank Balance Sheet (CAD Million) 491687.00 476968 477450 477933 478415 479380
Loans to Private Sector (CAD Million) 470115.00 480000 465000 450000 460000 460000
Deposit Interest Rate (%) 0.20 0.2 0.2 0.2 0.2 0.45
Foreign Stock Investment (CAD Million) 14190.00 4500 5000 4500 3000 7500
Private Debt to GDP (%) 304.10 290 290 300 300 300

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (CAD Million) 778.10 -1800 -500 1000 1500 200
Current Account (CAD Million) 3581.00 -9500 -11800 -14000 -13000 -15600
Current Account to GDP (% of GDP) -1.90 -0.6 -0.6 -1.5 -1.5 -1.5
Imports (CAD Million) 52971.20 51500 51300 50000 50500 51000
Exports (CAD Million) 53749.30 49700 50800 51000 52000 51200
External Debt (CAD Million) 3074252.00 3330000 3360000 3360000 3360000 3450000
Capital Flows (CAD Million) 0.00 15 15 15 10 -5
Foreign Direct Investment (CAD Million) 12017.00 12230 14300 14000 14900 15900
Gold Reserves (Tonnes) 0.00 3 3 3 3 3
Crude Oil Production (BBL/D/1K) 4192.00 4800 4900 5000 5000 4900
Tourist Arrivals 162940.00 200000 400000 600000 800000 1000000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 117.80 120 120 115 113 113
Government Budget (% of GDP) -15.90 -8 -8 -4 -4 -4
Government Budget Value (CAD Million) -12710.00 -8500 -7000 -4000 -3500 -3000
Government Spending (CAD Million) 447597.00 453375 439476 454229 458787 471283
Government Revenues (CAD Million) 29626.00 26700 27000 28000 28500 29000
Fiscal Expenditure (CAD Million) 40426.00 46400 45200 40200 39000 28000
Government Debt (CAD Billion) 721.36 750 750 760 760 760
Military Expenditure (USD Million) 22854.00 21600 21600 22000 22000 22000

Taxes Actual Q3 Q4 Q1 Q2 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 (%) 14.38 14.09 13.81 13.81 13.81 13.81
Social Security Rate For Companies (%) 7.66 7.37 7.23 7.23 7.23 7.23
Social Security Rate For Employees (%) 6.72 6.72 6.58 6.58 6.58 6.58

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 66.00 60 58 55 55 58
Manufacturing PMI (points) 57.20 56 55 53 51 53
Industrial Production (%) 8.20 3.5 2.3 2 2.1 2.3
Industrial Production Mom (%) 1.70 0.4 0.6 0.6 0.3 0.5
Manufacturing Production (%) 8.10 5.5 2.1 2.1 2.3 1.5
Capacity Utilization (%) 82.00 82 83 83 84 83.5
New Orders (CAD THO) 60467224.00 58033486 58297379 58561273 58825166 59352952
Bankruptcies (Companies) 124.00 150 190 210 230 220
Corporate Profits (CAD Million) 105545.00 83500 85000 86000 88000 90100
Car Registrations (Units) 156049.00 175000 155000 180000 165000 150000
Leading Economic Index (%) 0.70 0.6 0.4 0.4 0.4 0.3
Manufacturing Sales (%) -1.50 2.5 1.4 1.7 1.5 2
Mining Production (%) 15.10 6.5 3.5 3.5 2.5 3.5
Wholesale Sales (%) -2.10 1.2 1 2 1.8 1.5
Small Business Sentiment (points) 67.08 65.9 62.5 64 61 55

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 52.98 52.5 53 52 53 55
Retail Sales MoM (%) 4.20 0.7 0.4 0.4 0.3 0.4
Retail Sales YoY (%) 6.20 3.5 3 3 3 3.5
Retail Sales Ex Autos (%) 4.70 0.4 0.4 0.4 0.3 0.4
Consumer Spending (CAD Million) 1148842.00 1206390 1227302 1182642 1177563 1239631
Disposable Personal Income (CAD Million) 1463752.00 1371225 1381930 1370000 1394795 1450228
Personal Savings (%) 14.20 7.9 7.1 6 6.3 4
Consumer Credit (CAD Million) 789237.00 837166 652068 810671 808968 859428
Bank Lending Rate (%) 2.45 2.45 2.45 2.45 2.45 2.7
Households Debt To GDP (% of GDP) 109.07 112 112 112 114 113
Households Debt To Income (%) 172.93 171 172 172 172 173
Gasoline Prices (USD/Liter) 1.10 1.05 0.99 0.94 0.9 0.85

Housing Actual Q3 Q4 Q1 Q2 2022
Building Permits (CAD Thousand) 9897160.00 10017123 10080088 10143053 10206018 10331948
Housing Starts (Thousand units) 260.24 250 220 220 220 220
Housing Index (points) 117.20 112 113 114 115 115
Home Ownership Rate (%) 68.55 64 64 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.