Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 33833.35 33481 32439 31766 31106
Currency 1.37 1.37 1.36 1.36 1.35
Government Bond 10Y (%) 3.69 3.66 3.57 3.51 3.46

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.20 0.1 0.1 0.3 0.4
GDP Growth Annualized (%) -0.60 1.4 1.3 1.6 1.7
GDP Annual Growth Rate (%) 0.70 1.3 1.1 1.9 2.1
Unemployment Rate (%) 6.90 7 6.8 6.9 7.1
Inflation Rate (%) 2.40 2.8 2.7 2.6 2.1
Inflation Rate MoM (%) 0.90 0.6 0.3 -0.1 0.1
Interest Rate (%) 2.25 2.25 2.25 2.25 2
Balance of Trade (CAD Million) 1780.00 -2100 -2800 -2150 -700
Current Account (CAD Million) -700.00 -4100 -2200 -3800 -4700
Manufacturing PMI (points) 53.30 50.1 50.5 52 51.4
Business Confidence (points) 57.70 50 51 53 52
Consumer Confidence (points) 45.60 45 46 47 49
Retail Sales MoM (%) 0.60 0.5 0.3 0.2 -0.2
Building Permits (CAD Thousand) 12094436.00 11852547 12445175 11574012 12615674
Current Account to GDP (% of GDP) -1.40 -1.2
Government Debt to GDP (% of GDP) 113.50 115
Government Budget (% of GDP) -1.20 -2.3

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.20 0.1 0.1 0.3 0.4
GDP Growth Annualized (%) -0.60 1.4 1.3 1.6 1.7
GDP Annual Growth Rate (%) 0.70 1.3 1.1 1.9 2.1
GDP Constant Prices (CAD Million) 2502165.00 2523619 2533526 2549706 2554710
Gross National Product (CAD Million) 3237496.00 3214302 3261777 3299008 3305483
Gross Fixed Capital Formation (CAD Million) 535612.00 535332 537093 545789 546860
Monthly GDP MoM (%) 0.00 0.5 0.3 0.2 0
GDP from Agriculture (CAD Million) 45945.00 46304 48916 48083 46910
GDP from Utilities (CAD Million) 47995.00 47750 46908 48812 49003
GDP from Transport (CAD Million) 105938.00 103785 105172 107339 108163
GDP from Mining (CAD Million) 121981.00 119891 122199 122074 124543
GDP from Services (CAD Million) 1758647.00 1767378 1769677 1790081 1795579
GDP from Public Administration (CAD Million) 167449.00 170114 168100 171562 170965
GDP from Construction (CAD Million) 172607.00 172659 173315 174511 176232
GDP from Manufacturing (CAD Million) 199199.00 200706 204408 201905 203382
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 (%) 1.74 1.3

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 6.90 7 6.8 6.9 7.1
Unemployed Persons (Thousand ) 1566.40 1630 1610 1600 1590
Employed Persons (Thousand ) 21033.70 20900 20850 20900 21054
Part Time Employment (Thousand) 29.00 5 30 50 -10
Full Time Employment (Thousand) -46.70 -15 -15 -20 30
Employment Change (Thousand) -17.70 40 65 30 5
Labor Force Participation Rate (%) 65.00 65.2 65.2 65.5 65.3
Productivity (points) 104.42 103 103 103 103
Labour Costs (points) 131.71 132 133 134 135
Wages (CAD/Hour) 33.04 32.02 32.76 33.3 33.77
Wages in Manufacturing (CAD/Hour) 32.11 32.58 32.64 33.35 32.82
Wage Growth (%) 3.40 1.5 2 1.7 2.2
Non Farm Payrolls (Thousand) 18282.00 18150 18150 18100 18280
Average Hourly Earnings (CAD) 38.76 3.7 3.7 4 4
Job Vacancies 495125.00 520000 520000 542000 508000
Minimum Wages (CAD/Hour) 17.60 18
Population (Million) 41.65 43.1

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 2.40 2.8 2.7 2.6 2.1
Inflation Rate MoM (%) 0.90 0.6 0.3 -0.1 0.1
Consumer Price Index CPI (points) 167.40 169 169 169 171
Core Inflation Rate (%) 2.50 2.9 3 2.8 2.2
Core Consumer Prices (points) 161.60 164 165 165 165
GDP Deflator (points) 131.00 133 134 134 134
Producer Prices (points) 141.70 141 143 145 152
Producer Prices Change (%) 7.80 8.5 9 8.6 7
Export Prices (points) 149.30 133 133 140 141
Import Prices (points) 139.10 128 128 138 140
Food Inflation (%) 4.00 4.8 4.2 3.9 3.4
Commodity Prices YoY (%) 23.60 5 3.1 3.7 3.9
Producer Price Inflation MoM (%) 2.40 0.4 0.2 0.3 0.6
CPI Median (Percent) 2.30 2.7 3 2.8 2.6
Core Inflation Rate MoM (%) 0.20 0.1 0.2 0.4 -0.1
CPI Trimmed-Mean (Percent) 2.20 3 2.9 2.7 3
CPI Transportation (points) 179.50 181 181 181 181
CPI Housing Utilities (points) 190.10 193 193 195 194

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.25 2.25 2.25 2.25 2
Money Supply M2 (CAD Million) 2787597.00 2730000 2740000 2748000 2742000
Central Bank Balance Sheet (CAD Million) 228541.00 225000 220000 217000 221000
Loans to Private Sector (CAD Million) 732211.00 705000 710000 72000 71900
Foreign Stock Investment (CAD Million) 4620.00 15430 8100 7000 11000
Private Debt to GDP (%) 163.25 161

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (CAD Million) 1780.00 -2100 -2800 -2150 -700
Current Account (CAD Million) -700.00 -4100 -2200 -3800 -4700
Imports (CAD Million) 70990.00 69200 68000 70200 69500
Exports (CAD Million) 72770.00 67100 65200 68050 68800
Terms of Trade (points) 107.33 104 104 101 101
Crude Oil Production (BBL/D/1K) 5059.00 5120 5210 5300 5350
Current Account to GDP (% of GDP) -1.40 -1.2

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Fiscal Expenditure (CAD Million) 38449.00 41500 40500 39000 38040
Government Debt to GDP (% of GDP) 113.50 115
Government Budget (% of GDP) -1.20 -2.3

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 53.30 50.1 50.5 52 51.4
Business Confidence (points) 57.70 50 51 53 52
Capacity Utilization (%) 78.50 80.9 80.5 80.9 79.9
Corporate Profits (CAD Million) 150155.00 138000 138000 139000 142000
Car Registrations (Units) 176500.00 120000 122000 127000 125000
Services PMI (points) 49.20 50.3 50.1 50 49
Composite PMI (points) 49.90 50.5 50.1 51 49
Wholesale Sales (%) 1.90 0.2 0.7 0.6 0.4
Manufacturing Sales (%) 3.00 0.2 0.5 0.4 -0.5
Small Business Sentiment (points) 58.50 56.5 53 54 59

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 45.60 45 46 47 49
Retail Sales MoM (%) 0.60 0.5 0.3 0.2 -0.2
Retail Sales Ex Autos (%) 0.50 0.4 0.5 0.6 -0.3
Retail Sales YoY (%) 3.80 2.9 2.4 3 3.2
Consumer Spending (CAD Million) 1431258.00 1446802 1440945 1458452 1461314
Consumer Credit (CAD Million) 813089.00 808076 820034 832015 830164
Bank Lending Rate (%) 4.45 4.45 4.45 4.45 4.2
Gasoline Prices (USD/Liter) 1.30 1.43 1.22 1.02 1.05

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Building Permits (CAD Thousand) 12094436.00 11852547 12445175 11574012 12615674
Housing Starts (Thousand units) 279.30 220 210 235 280
Building Permits MoM (%) -8.40 -2 5 -7 9
House Price Index YoY (%) -2.30 3.3 2.3 2.4 2
House Price Index MoM (%) -0.20 -0.2 0.4 0.2 0.1
Home Ownership Rate (%) 66.70 67.5