Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.23 1.25 1.26 1.26 1.27 1.28
Stock Market (points) 20189.47 19410 18838 18282 17742 16662
Government Bond 10Y (%) 1.43 1.45 1.53 1.62 1.71 1.89

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.40 1.9 2.1 2.7 1 1.7
GDP Annual Growth Rate (%) 0.30 14 6 5.4 3 3.1
GDP Growth Annualized (%) 5.60 3.5 3 3.8 2 2
Unemployment Rate (%) 8.20 7.9 7.9 7.6 7.1 6.5
Inflation Rate (%) 3.60 3.7 3.5 2.7 2.1 1.5
Inflation Rate Mom (%) 0.50 0.3 0.3 0.2 0.1 0.1
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Balance of Trade (CAD Million) 593.90 -100 -1800 3200 1000 200
Current Account (CAD Million) 1180.00 -6000 -9500 -11800 -14000 -15600
Current Account to GDP (% of GDP) -1.90 -0.6 -0.6 -0.6 -1.5 -1.5
Government Debt to GDP (% of GDP) 117.80 115 115 115 115 113
Government Budget (% of GDP) -15.90 -8 -8 -8 -4 -4
Business Confidence (points) 64.70 65 60 58 55 58
Manufacturing PMI (points) 57.00 58 56 55 53 53
Consumer Confidence (points) 51.49 51.9 52.5 53 52 55
Retail Sales MoM (%) -5.70 0.7 0.7 0.4 0.4 0.4
Building Permits (CAD Thousand) 11107171.00 9954158 10017123 10080088 10143053 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 Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.40 1.9 2.1 2.7 1 1.7
GDP Annual Growth Rate (%) 0.30 14 6 5.4 3 3.1
GDP Growth Annualized (%) 5.60 3.5 3 3.8 2 2
GDP (USD Billion) 1736.43 1670 1670 1670 1670 1740
GDP Constant Prices (CAD Million) 2077771.00 2093279 2119419 2156405 2107303 2223254
Gross National Product (CAD Million) 2380740.00 2252731 2337542 2398288 2343678 2472635
Gross Fixed Capital Formation (CAD Million) 463686.00 434852 463093 471151 460422 485756
GDP per capita (USD) 51588.80 51100 51100 51100 51100 51600
GDP per capita PPP (USD) 49031.38 48050 48050 48050 48050 48870
GDP From Agriculture (CAD Million) 48157.00 53034 49170 51786 50368 53392
GDP From Construction (CAD Million) 148678.00 159467 146235 148915 150205 153532
GDP From Manufacturing (CAD Million) 186942.00 198884 196447 197157 193622 203269
GDP From Mining (CAD Million) 153150.00 151841 147362 157442 153867 162323
GDP From Public Administration (CAD Million) 136813.00 146375 140404 141826 138193 146223
GDP From Services (CAD Million) 1401834.00 1468761 1432694 1442581 1425465 1487301
GDP From Transport (CAD Million) 71474.00 75144 73769 76541 72789 78914
GDP From Utilities (CAD Million) 41208.00 47887 43590 43625 42984 44977

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 8.20 7.9 7.9 7.6 7.1 6.5
Employed Persons (Thousand ) 18559.20 18700 18900 19000 19000 19100
Unemployed Persons (Thousand ) 1652.30 1580 1550 1480 1400 1180
Part Time Employment (Thousand) -54.20 50 200 100 200 80
Full Time Employment (Thousand) -13.80 40 50 20 20 20
Employment Change (Thousand) -68.00 90 70 70 70 23
Labor Force Participation Rate (%) 64.60 65 65.5 65.6 65.2 65.6
Youth Unemployment Rate (%) 15.90 15.8 15.5 15.5 15.1 13.5
Labour Costs (points) 114.02 120 119 119 118 123
Productivity (points) 110.03 113 112 111 113 110
Wages (CAD/Hour) 27.60 28.09 27.87 28.55 28.86 29.54
Wages in Manufacturing (CAD/Hour) 27.73 27.04 27.51 29.3 29.02 30.33
Minimum Wages (CAD/Hour) 14.25 14.25 14.25 14.5 14.5 15
Population (Million) 38.01 38.49 38.49 38.49 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 560215.00 565000 570000 570000 575000 580000
Non Farm Payrolls (Thousand) 15884.00 16900 17000 17100 18400 17800
Adp Employment Change (Thousand) 101.60 90 85 40 100 55
Average Hourly Earnings (CAD) 30.77 0.9 31.3 31.4 31.5 31.6
Employment Rate (%) 59.40 60.4 60.7 60.9 61 60.9
Wage Growth (%) 7.40 3.5 3.3 3.5 3 3.5

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 3.60 3.7 3.5 2.7 2.1 1.5
Inflation Rate Mom (%) 0.50 0.3 0.3 0.2 0.1 0.1
Consumer Price Index CPI (points) 141.00 142 142 141 143 143
Core Consumer Prices (points) 138.80 139 140 141 142 144
Core Inflation Rate (%) 2.80 2.3 3.1 3.5 3 2
GDP Deflator (points) 116.20 113 115 116 119 118
Producer Prices (points) 114.30 109 110 108 110 110
Producer Prices Change (%) 16.90 11 8.8 5.5 1.1 2
Export Prices (points) 121.50 120 116 110 109 110
Import Prices (points) 122.70 123 122 122 122 122
Food Inflation (%) 1.50 0.6 2.4 2.1 1.2 2
CPI Housing Utilities (points) 151.70 152 152 153 153 155
CPI Transportation (points) 150.30 148 145 146 152 148
Wholesale Prices (points) 116.50 117 115 113 113 115

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Interbank Rate (%) 0.44 0.44 0.44 0.44 0.44 0.44
Money Supply M1 (CAD Million) 1499998.00 1451647 1457087 1462527 1467967 1484288
Money Supply M2 (CAD Million) 2199732.00 2187580 2195246 2202912 2210578 2233576
Money Supply M3 (CAD Million) 2944239.00 3038220 3041538 3044856 3048174 3058128
Foreign Exchange Reserves (USD Million) 89205.00 89700 89000 88600 89000 87500
Banks Balance Sheet (CAD Million) 456553.00 487269 489766 492262 494758 502247
Central Bank Balance Sheet (CAD Million) 476713.00 476486 476968 477450 477933 479380
Loans to Private Sector (CAD Million) 456553.00 490000 480000 465000 450000 460000
Deposit Interest Rate (%) 0.16 0.16 0.16 0.16 0.16 0.16
Foreign Stock Investment (CAD Million) 9954.00 6000 4500 5000 4500 7500
Private Debt to GDP (%) 304.10 290 290 290 300 300

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (CAD Million) 593.90 -100 -1800 3200 1000 200
Current Account (CAD Million) 1180.00 -6000 -9500 -11800 -14000 -15600
Current Account to GDP (% of GDP) -1.90 -0.6 -0.6 -0.6 -1.5 -1.5
Imports (CAD Million) 49612.70 50100 51500 51300 50000 51000
Exports (CAD Million) 50206.60 50000 49700 50800 51000 51200
External Debt (CAD Million) 3036227.00 3320000 3330000 3360000 3360000 3450000
Capital Flows (CAD Million) -38.00 10 15 15 15 -5
Foreign Direct Investment (CAD Million) 19620.00 10000 12230 14300 14000 15900
Gold Reserves (Tonnes) 0.00 3 3 3 3 3
Crude Oil Production (BBL/D/1K) 4399.00 4800 4800 4900 5000 4900
Tourist Arrivals 123583.00 150000 200000 400000 600000 1000000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 117.80 115 115 115 115 113
Government Budget (% of GDP) -15.90 -8 -8 -8 -4 -4
Government Budget Value (CAD Million) -31440.00 -10000 -8500 -7000 -4000 -3000
Government Spending (CAD Million) 440315.00 462037 446685 450852 440586 464828
Government Revenues (CAD Million) 34517.00 26300 26700 27000 28000 29000
Fiscal Expenditure (CAD Million) 64021.00 45500 46400 45200 40200 28000
Government Debt (CAD Billion) 721.36 820 820 820 820 790
Military Expenditure (USD Million) 22854.00 21600 21600 21600 22000 22000

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

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 64.70 65 60 58 55 58
Manufacturing PMI (points) 57.00 58 56 55 53 53
Industrial Production (%) 1.83 10 3.5 2.3 2 2.3
Industrial Production Mom (%) 0.70 0.5 0.4 0.6 0.6 0.5
Manufacturing Production (%) 4.10 10.5 5.5 2.1 2.1 1.5
Capacity Utilization (%) 81.70 82 83 84 83 83.5
New Orders (CAD THO) 56977392.00 57769593 58033486 58297379 58561273 59352952
Bankruptcies (Companies) 148.00 160 150 190 210 220
Corporate Profits (CAD Million) 100719.00 82100 83500 85000 86000 90100
Car Registrations (Units) 166709.00 172000 175000 155000 180000 150000
Leading Economic Index (%) 1.10 0.5 0.6 0.4 0.4 0.3
Manufacturing Sales (%) -2.10 1.5 2.5 1.4 1.7 2
Mining Production (%) -0.06 18 6.5 3.5 3.5 3.5
Wholesale Sales (%) 0.40 1 1.2 1 2 1.5

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 51.49 51.9 52.5 53 52 55
Retail Sales MoM (%) -5.70 0.7 0.7 0.4 0.4 0.4
Retail Sales YoY (%) 56.70 5.5 3.5 3 3 3.5
Retail Sales Ex Autos (%) -7.20 0.5 0.4 0.4 0.4 0.4
Consumer Spending (CAD Million) 1148288.00 1146618 1205344 1197195 1169935 1234308
Disposable Personal Income (CAD Million) 1435000.00 1353950 1371225 1381930 1370000 1450228
Personal Savings (%) 13.10 8.5 7.9 7.1 6 4
Consumer Credit (CAD Million) 782660.00 889124 837166 833586 810671 859428
Private Sector Credit (CAD Million) 4638279.00 4790316 4842416 4894517 4946618 5102920
Bank Lending Rate (%) 2.45 2.45 2.45 2.45 2.45 2.45
Households Debt To GDP (% of GDP) 111.59 115 116 116 117 118
Households Debt To Income (%) 167.70 171 171 172 172 173
Gasoline Prices (USD/Liter) 1.11 0.85 0.8 0.8 0.73 0.69

Housing Actual Q2 Q3 Q4 Q1 2022
Building Permits (CAD Thousand) 11107171.00 9954158 10017123 10080088 10143053 10331948
Housing Starts (Thousand units) 275.90 250 230 220 220 220
Housing Index (points) 116.00 112 112 113 114 115
Home Ownership Rate (%) 68.55 63 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.