Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Stock Market (points) 33817.51 33459 32140 31335 30547
Currency 1.37 1.37 1.36 1.35 1.34
Government Bond 10Y (%) 3.22 3.19 3.1 3.04 2.99

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.60 0.2 0.4 0.5 0.3
GDP Annual Growth Rate (%) 1.40 1.8 2.8 2.5 2.9
GDP Growth Annualized (%) 2.60 1 1.6 1.5 1.6
Unemployment Rate (%) 6.50 6.9 7 6.8 6.6
Inflation Rate (%) 2.30 1.8 2.2 2 2
Inflation Rate MoM (%) 0.00 0.4 0.2 0.3 -0.1
Interest Rate (%) 2.25 2.25 2.25 2 2
Balance of Trade (CAD Million) -1310.00 -3400 -2100 -900 -2150
Current Account (CAD Million) -9680.00 -3400 -4100 -2200 -3800
Business Confidence (points) 50.90 51 50 51 53
Manufacturing PMI (points) 50.40 49.2 50.1 50.5 52
Consumer Confidence (points) 49.30 49.2 50 49.5 52
Retail Sales MoM (%) 1.50 0.2 0.5 0.3 0.2
Building Permits (CAD Thousand) 12835254.00 14221461 13937032 14633884 13609512
Current Account to GDP (% of GDP) -1.00 -1.2
Government Debt to GDP (% of GDP) 110.80 115
Government Budget (% of GDP) -1.20 -2.3

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.60 0.2 0.4 0.5 0.3
GDP Annual Growth Rate (%) 1.40 1.8 2.8 2.5 2.9
GDP Growth Annualized (%) 2.60 1 1.6 1.5 1.6
GDP Constant Prices (CAD Million) 2502070.00 2542632 2555654 2564622 2574630
Gross National Product (CAD Million) 3219032.00 3219095 3258513 3299508 3312384
Gross Fixed Capital Formation (CAD Million) 530051.00 535371 541851 543302 545422
Monthly GDP MoM (%) 0.10 -0.1 0.5 0.3 0.2
GDP from Agriculture (CAD Million) 47173.00 45425 46870 49171 48541
GDP from Construction (CAD Million) 170587.00 170948 174043 174930 175534
GDP from Manufacturing (CAD Million) 195645.00 207698 203721 206757 201319
GDP from Mining (CAD Million) 120196.00 122111 121306 123409 123682
GDP from Public Administration (CAD Million) 167853.00 169805 171975 171706 172721
GDP from Services (CAD Million) 1746857.00 1770291 1789300 1790392 1797516
GDP from Transport (CAD Million) 103408.00 104539 105022 105822 106407
GDP from Utilities (CAD Million) 45501.00 48425 47252 46275 46821
GDP (USD Billion) 2241.25 2270
GDP per Capita (USD) 44401.72 44979
GDP per Capita PPP (USD) 56691.91 57429
Full Year GDP Growth (%) 1.60 1.3

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 6.50 6.9 7 6.8 6.6
Employed Persons (Thousand ) 21121.20 21100 20900 20850 20900
Unemployed Persons (Thousand ) 1457.50 1650 1630 1610 1600
Part Time Employment (Thousand) -69.70 20 5 30 50
Full Time Employment (Thousand) 44.90 10 -15 2 -20
Employment Change (Thousand) -24.80 20 40 65 30
Labor Force Participation Rate (%) 65.00 65.5 65.2 65.2 65.5
Labour Costs (points) 130.98 132 133 134 133
Productivity (points) 104.42 102 103 103 103
Wages (CAD/Hour) 32.56 31.92 32.02 32.76 33.11
Wages in Manufacturing (CAD/Hour) 32.48 32.21 32.58 32.64 33.03
Wage Growth (%) 2.50 2.1 1.5 2 1.7
Job Vacancies 492475.00 510000 520000 520000 542000
Non Farm Payrolls (Thousand) 18245.00 18200 18150 17900 18100
Average Hourly Earnings (CAD) 38.02 3.7 3.7 3.7 4
Minimum Wages (CAD/Hour) 17.60 18
Population (Million) 41.65 43.1

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 2.30 1.8 2.2 2 2
Inflation Rate MoM (%) 0.00 0.4 0.2 0.3 -0.1
Consumer Price Index CPI (points) 165.00 166 168 168 168
Core Consumer Prices (points) 160.60 162 163 163 164
Core Inflation Rate (%) 2.60 2.6 2.4 2 2.2
GDP Deflator (points) 130.10 131 132 133 133
Producer Prices (points) 134.60 136 134 136 138
Producer Prices Change (%) 4.90 3.5 3.1 3 2.9
Export Prices (points) 139.60 131 133 133 140
Import Prices (points) 137.10 130 128 128 138
Food Inflation (%) 7.30 3.2 2.8 2.7 2.9
Commodity Prices YoY (%) 8.00 4 5 3.1 3.7
Core Inflation Rate MoM (%) 0.20 0.3 0.1 0.2 0.4
CPI Trimmed-Mean (Percent) 2.40 2.8 3 2.9 2.7
CPI Median (Percent) 2.50 2.8 2.7 3 2.8
Producer Price Inflation MoM (%) -0.60 0.1 0.4 0.2 0.3
CPI Transportation (points) 170.20 171 171 172 172
CPI Housing Utilities (points) 189.60 190 191 192 193

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 2.25 2.25 2.25 2 2
Money Supply M2 (CAD Million) 2776745.00 2727000 2730000 2740000 2748000
Central Bank Balance Sheet (CAD Million) 238100.00 230000 225000 220000 217000
Loans to Private Sector (CAD Million) 734929.00 701000 705000 710000 72000
Foreign Stock Investment (CAD Million) -5570.00 9100 15430 8100 7000
Private Debt to GDP (%) 163.25 161

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (CAD Million) -1310.00 -3400 -2100 -900 -2150
Current Account (CAD Million) -9680.00 -3400 -4100 -2200 -3800
Imports (CAD Million) 66930.00 68900 69200 68000 70200
Exports (CAD Million) 65630.00 65500 67100 67100 68050
Terms of Trade (points) 101.80 101 104 104 101
Crude Oil Production (BBL/D/1K) 4982.00 5150 5050 4990 5100
Current Account to GDP (% of GDP) -1.00 -1.2

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Fiscal Expenditure (CAD Million) 40722.00 59500 41500 40500 39000
Government Debt to GDP (% of GDP) 110.80 115
Government Budget (% of GDP) -1.20 -2.3

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Business Confidence (points) 50.90 51 50 51 53
Manufacturing PMI (points) 50.40 49.2 50.1 50.5 52
Capacity Utilization (%) 78.50 80.5 80.9 80.5 80.9
Corporate Profits (CAD Million) 154240.00 134000 138000 138000 139000
Car Registrations (Units) 127248.00 179000 170000 162000 147000
Composite PMI (points) 46.40 50.8 50.5 50.1 51
Services PMI (points) 45.80 48 50.3 50.1 50
Wholesale Sales (%) 2.00 -0.1 0.2 0.7 0.6
Small Business Sentiment (points) 59.50 51 55 53 59
Manufacturing Sales (%) 0.60 0.2 0.2 0.5 0.4

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Consumer Confidence (points) 49.30 49.2 50 49.5 52
Retail Sales MoM (%) 1.50 0.2 0.5 0.3 0.2
Retail Sales YoY (%) 0.00 1.5 2.9 2.4 3
Retail Sales Ex Autos (%) 0.10 -0.2 0.4 0.5 0.6
Consumer Spending (CAD Million) 1423546.00 1435995 1464982 1459135 1464829
Consumer Credit (CAD Million) 816912.00 795384 820042 830450 840602
Bank Lending Rate (%) 4.45 4.45 4.45 4.2 4.2
Gasoline Prices (USD/Liter) 1.00 1.01 1.05 1.08 1.11

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Building Permits (CAD Thousand) 12835254.00 14221461 13937032 14633884 13609512
Housing Starts (Thousand units) 238.00 260 250 240 235
Building Permits MoM (%) 6.80 10.8 -2 5 -7
House Price Index MoM (%) -0.40 -0.3 -0.2 0.4 0.2
House Price Index YoY (%) -2.00 2.8 3.3 2.3 2.4
Home Ownership Rate (%) 66.70 67.5