Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.33 1.33 1.33 1.34 1.34 1.36
Stock Market (points) 17827.20 17220 17121 17024 16927 16733
Government Bond 10Y (%) 1.32 1.33 1.38 1.44 1.5 1.62
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 1 0.3 0.4 0.4 0.4
GDP Annual Growth Rate (%) 1.70 1.5 1.6 1.7 1.6 2
GDP Growth Annualized (%) 1.30 1.8 1.7 1.9 1.6 2
Unemployment Rate (%) 5.50 5.7 6 5.9 5.8 5.8
Inflation Rate (%) 2.20 2.1 2.2 2.1 1.9 2
Inflation Rate Mom (%) 0.00 0.3 0.2 0.1 0.2 0.2
Interest Rate (%) 1.75 1.75 1.75 1.5 1.5 1.5
Balance of Trade (CAD Million) -369.50 -3300 -1600 -800 3200 3200
Current Account (CAD Million) -9855.00 -15000 -17500 -15000 -15000 -12288
Current Account to GDP (%) -2.60 -2.2 -2.2 -2.2 -2.2 -2.2
Government Debt to GDP (%) 89.70 90 90 90 90 89
Government Budget (% of GDP) -0.70 -0.8 -0.8 -0.8 -0.8 -0.6
Business Confidence (points) 57.30 57 55.8 54.5 52 54
Manufacturing PMI (points) 50.60 51 52.8 53.3 52.5 52.5
Consumer Confidence (points) 53.97 52 53.3 53.5 53.8 54
Retail Sales MoM (%) 0.90 0.5 0.2 0.3 0.3 0.3
Building Permits (CAD Thousand) 8673001.00 1.5 1.7 1.1 8150000 8250000
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 2020
GDP Growth Rate (%) 0.30 1 0.3 0.4 0.4 0.4
GDP Annual Growth Rate (%) 1.70 1.5 1.6 1.7 1.6 2
GDP Growth Annualized (%) 1.30 1.8 1.7 1.9 1.6 2
GDP (USD Billion) 1709.30 1760 1760 1760 1760 1810
GDP Constant Prices (CAD Million) 2099200.00 2105611 2125804 2134886 2132787 2175443
Gross National Product (CAD Million) 2285996.00 2266710 2317016 2324858 2322572 2369023
Gross Fixed Capital Formation (CAD Million) 443216.00 441868 439806 450751 450307 459314
GDP per capita (USD) 51357.80 52000 52000 52000 52000 52800
GDP per capita PPP (USD) 44051.05 45280 45280 45280 45280 45280
GDP From Agriculture (CAD Million) 40176.00 40967 41867 41700 41065 41886
GDP From Construction (CAD Million) 143237.00 141538 144246 145746 144806 147703
GDP From Manufacturing (CAD Million) 198489.00 205554 203372 204237 200707 204721
GDP From Mining (CAD Million) 144292.00 148934 155840 149664 149513 152503
GDP From Public Administration (CAD Million) 133850.00 134772 135537 135599 135774 138490
GDP From Services (CAD Million) 1401492.00 1403446 1415781 1425046 1423998 1452478
GDP From Transport (CAD Million) 87943.00 89499 90713 89092 90207 92011
GDP From Utilities (CAD Million) 44190.00 44363 44463 43852 44032 44913
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.50 5.7 6 5.9 5.8 5.8
Employed Persons (Thousand ) 19159.10 19100 19200 19110 19350 19500
Unemployed Persons (Thousand ) 1124.40 1340 1360 1370 1360 1380
Part Time Employment (Thousand) -1.20 -10 26 11 15 15
Full Time Employment (Thousand) 35.70 30 18 20 20 15.26
Employment Change (Thousand) 34.50 20 44 31 30 30
Labor Force Participation Rate (%) 65.40 65.8 65.6 65.4 65 66
Youth Unemployment Rate (%) 10.30 11.8 12 11.9 11.8 11.3
Labour Costs (points) 109.95 111 111 113 113 117
Productivity (points) 106.95 107 107 108 108 109
Wages (CAD/Hour) 26.00 26.12 26.25 26.19 26.56 27.41
Wages in Manufacturing (CAD/Hour) 26.18 26.34 26.42 26.69 26.67 27.52
Minimum Wages (CAD/Hour) 14.00 15.5 15.5 15.5 15.5 16
Population (Million) 37.31 37.1 37.81 37.81 38.01 38.36
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Non Farm Payrolls (Thousand) 17030.40 17200 17400 17500 17600 18000
Job Vacancies 562910.00 540000 558000 561000 560000 570000
Living Wage Family (CAD/Month) 2580.00 2641 2638 2645 2657 2742
Living Wage Individual (CAD/Month) 1930.00 1975 1973 1978 1988 2052
Adp Employment Change (Thousand) 46.20 -15 25 50 10 28
Employment Rate (%) 61.80 62 62.1 62 62.2 62.2
Wage Growth (%) 3.10 2.4 2.3 2.5 3 3.2
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.20 2.1 2.2 2.1 1.9 2
Inflation Rate Mom (%) 0.00 0.3 0.2 0.1 0.2 0.2
Consumer Price Index CPI (points) 136.40 138 139 139 139 142
Core Consumer Prices (points) 134.90 136 137 137 138 140
Core Inflation Rate (%) 1.70 2.1 2 2.1 2 2
GDP Deflator (points) 110.20 111 113 113 112 115
Producer Prices (points) 117.40 122 121 121 127 133
Producer Prices Change (%) 0.30 2.3 2.7 2.9 3 3
Food Inflation (%) 3.00 2.1 2.2 2 2.2 2.2
CPI Housing Utilities (points) 146.30 147 147 148 149 152
CPI Transportation (points) 143.10 144 146 143 146 149
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.75 1.75 1.75 1.5 1.5 1.5
Money Supply M1 (CAD Million) 1085359.00 1028431 1060000 1073000 1073000 1105284
Interbank Rate (%) 1.96 2.08 2.08 2.08 2.08 2.08
Money Supply M2 (CAD Million) 1797721.00 1695954 1745000 1755000 1755000 1812439
Central Bank Balance Sheet (CAD Million) 119643.00 118500 119300 120200 125000 125000
Banks Balance Sheet (CAD Million) 6379755.00 5730000 5750000 5830000 6200000 6500000
Foreign Exchange Reserves (USD Million) 86472.00 86000 87800 87000 86000 86000
Deposit Interest Rate (%) 1.80 0.35 1.83 1.83 0.35 0.6
Private Debt to GDP (%) 266.50 262 262 262 262 258
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (CAD Million) -369.50 -3300 -1600 -800 3200 3200
Current Account (CAD Million) -9855.00 -15000 -17500 -15000 -15000 -12288
Current Account to GDP (%) -2.60 -2.2 -2.2 -2.2 -2.2 -2.2
Imports (CAD Million) 49690.40 54300 51600 51000 49800 49800
Exports (CAD Million) 49320.90 51000 50000 50200 53000 53000
Foreign Direct Investment (CAD Million) 13386.00 11638 11400 10500 10500 11391
Capital Flows (CAD Million) 0.00 -7 -7 -10 -8 -8
Gold Reserves (Tonnes) 0.00 4 4 4 4 4
Crude Oil Production (BBL/D/1K) 4393.00 4450 4550 4650 4800 4900
Tourist Arrivals 1787047.00 1300000 1600000 2100000 1900000 2100000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 89.70 90 90 90 90 89
Government Budget (% of GDP) -0.70 -0.8 -0.8 -0.8 -0.8 -0.6
Government Budget Value (CAD Million) -2700.00 1035 1035 -1100 1036 1036
Government Spending (CAD Million) 427558.00 430472 433492 434826 434399 443087
Government Revenues (CAD Million) 26160.00 25993 25970 25300 25300 25977
Military Expenditure (USD Million) 21352.00 21600 21600 21600 21600 21700
Government Debt (CAD Billion) 685.45 684 705 705 705 705
Taxes Actual Q1 Q2 Q3 Q4 2020
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 14.09 14.09 14.09 14.09 14.09
Social Security Rate For Companies (%) 7.37 7.37 7.37 7.37 7.37 7.37
Social Security Rate For Employees (%) 6.72 6.72 6.72 6.72 6.72 6.72
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (points) 57.30 57 55.8 54.5 52 54
Manufacturing PMI (points) 50.60 51 52.8 53.3 52.5 52.5
Industrial Production (%) -1.84 1.6 1.8 1.9 1.5 1.8
Industrial Production Mom (%) -0.04 0.3 0.4 0.4 0.5 0.6
Manufacturing Production (%) -1.58 1.3 1.8 2 2 1.8
Capacity Utilization (%) 81.70 83 83 83.2 83 83
Bankruptcies (Companies) 214.00 270 245 238 230 230
Corporate Profits (CAD Million) 91041.00 83500 82000 81500 80100 80100
Car Registrations (Units) 114045.00 180000 180000 160000 115000 125000
Leading Economic Index (%) 0.10 0.3 0.2 0.2 0.2 0.4
Wholesale Sales (%) -1.20 0.5 1.1 1.7 1.9 2.5
Mining Production (%) -4.29 1.5 1.7 1.6 2 2
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 53.97 52 53.3 53.5 53.8 54
Retail Sales MoM (%) 0.90 0.5 0.2 0.3 0.3 0.3
Retail Sales YoY (%) 1.90 2.7 3.2 3.8 4.1 4.1
Retail Sales Ex Autos (%) 0.20 0.4 0.3 0.2 0.3 0.3
Consumer Spending (CAD Million) 1180781.00 1192517 1195069 1200854 1199673 1223667
Disposable Personal Income (CAD Million) 1298848.00 1274479 1291807 1320928 1319630 1346022
Personal Savings (%) 3.20 2.12 1.9 2.1 3 3
Consumer Credit (CAD Million) 641111.00 631387 642009 650294 648766 661741
Private Sector Credit (CAD Million) 4525927.00 4600000 4600000 4680000 4680000 4730098
Bank Lending Rate (%) 3.95 3.95 3.95 3.95 3.95 3.95
Households Debt To Income (%) 174.01 172 175 175 175 175
Gasoline Prices (USD/Liter) 0.88 0.79 0.8 0.82 0.85 0.85
Housing Actual Q1 Q2 Q3 Q4 2020
Building Permits (CAD Thousand) 8673001.00 1.5 1.7 1.1 8150000 8250000
Housing Starts (Thousand units) 213.22 210 223 215 210 210
Housing Index (points) 103.40 104 104 104 105 105
Home Ownership Rate (%) 66.30 63 63 63 63 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.