Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 34413.64 34220 32975 32280 31598
Currency 1.39 1.39 1.38 1.38 1.37
Government Bond 10Y (%) 3.47 3.46 3.36 3.31 3.25

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.00 0.1 0.1 0.3 0.4
GDP Annual Growth Rate (%) -0.10 1.3 1.1 1.9 2.1
GDP Growth Annualized (%) -0.10 1.4 1.3 1.6 1.7
Unemployment Rate (%) 6.60 7 6.8 6.9 7.1
Inflation Rate (%) 2.80 3 3.2 2.6 2.1
Inflation Rate MoM (%) 0.40 0.3 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) -7184.00 -4100 -2200 -3800 -2700
Manufacturing PMI (points) 52.90 50.1 50.5 52 51.4
Business Confidence (points) 58.20 50 49 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) 13484197.00 13214513 13875239 14291496 14648783
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 (%) 0.00 0.1 0.1 0.3 0.4
GDP Annual Growth Rate (%) -0.10 1.3 1.1 1.9 2.1
GDP Growth Annualized (%) -0.10 1.4 1.3 1.6 1.7
GDP Constant Prices (CAD Million) 2500680.00 2528423 2535339 2549103 2553194
Gross National Product (CAD Million) 3266836.00 3215290 3263100 3309814 3335440
Gross Fixed Capital Formation (CAD Million) 529694.00 536702 537757 545756 540818
Monthly GDP MoM (%) 0.40 0.1 0.3 0.2 0
GDP from Utilities (CAD Million) 48081.00 47949 47042 48890 49091
GDP from Agriculture (CAD Million) 45578.00 46338 48977 48178 46535
GDP from Transport (CAD Million) 105975.00 103793 105031 107145 108200
GDP from Mining (CAD Million) 119254.00 119898 122178 121871 121758
GDP from Services (CAD Million) 1762291.00 1768681 1770611 1790938 1799299
GDP from Manufacturing (CAD Million) 198729.00 200779 203949 201181 202902
GDP from Construction (CAD Million) 166371.00 172520 173239 173177 169865
GDP from Public Administration (CAD Million) 168220.00 170160 168314 171582 171753
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 (%) 6.60 7 6.8 6.9 7.1
Employed Persons (Thousand ) 21033.70 21000 20950 20900 20930
Unemployed Persons (Thousand ) 1566.40 1590 1560 1600 1630
Part Time Employment (Thousand) -66.20 25 23 10 0
Full Time Employment (Thousand) 154.00 -15 38 20 5
Employment Change (Thousand) 87.80 10 65 30 5
Labor Force Participation Rate (%) 65.00 65.2 65.3 65.5 65.3
Labour Costs (points) 131.71 132 133 134 135
Productivity (points) 104.82 105 105 105 105
Wages (CAD/Hour) 32.86 32.02 32.76 33.3 33.58
Wages in Manufacturing (CAD/Hour) 31.58 32.58 32.64 33.35 32.27
Wage Growth (%) 3.50 1.5 2 1.7 2.2
Non Farm Payrolls (Thousand) 18272.00 18150 18100 18150 18180
Average Hourly Earnings (CAD) 38.76 4.5 4.4 4.4 4
Job Vacancies 495125.00 493000 492000 493000 498000
Minimum Wages (CAD/Hour) 17.95 17.95
Population (Million) 41.65 41.8

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 2.80 3 3.2 2.6 2.1
Inflation Rate MoM (%) 0.40 0.3 0.3 -0.1 0.1
Consumer Price Index CPI (points) 168.00 169 170 169 171
Core Inflation Rate (%) 2.10 2.4 3 2.8 2.2
Core Consumer Prices (points) 161.90 163 165 165 165
GDP Deflator (points) 132.80 133 134 135 136
Producer Prices (points) 145.30 141 143 145 152
Producer Prices Change (%) 11.40 8.5 9 8.6 7
Export Prices (points) 149.30 151 153 150 148
Import Prices (points) 139.10 141 142 142 140
Food Inflation (%) 3.50 4.8 4.2 3.9 3.4
Commodity Prices YoY (%) 31.60 35 11 9.5 7
CPI Median (Percent) 2.10 2.5 2.8 2.6 2.4
Core Inflation Rate MoM (%) 0.20 0.1 0.2 0.4 -0.1
CPI Trimmed-Mean (Percent) 2.00 2.4 2.7 2.5 2.3
Producer Price Inflation MoM (%) 2.00 0.4 0.2 0.3 0.6
CPI Transportation (points) 183.50 184 185 184 185
CPI Housing Utilities (points) 190.20 193 194 195 194

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) 2796379.00 2790000 2791000 2792000 2791000
Central Bank Balance Sheet (CAD Million) 232924.00 235000 230000 227000 221000
Loans to Private Sector (CAD Million) 739671.00 739000 730000 732000 729000
Foreign Stock Investment (CAD Million) 4620.00 5100 8100 7000 11000
Private Debt to GDP (%) 161.40 161

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) -7184.00 -4100 -2200 -3800 -2700
Imports (CAD Million) 70990.00 69200 68000 70200 69500
Exports (CAD Million) 72770.00 67100 65200 68050 68800
Terms of Trade (points) 107.33 107 108 106 106
Crude Oil Production (BBL/D/1K) 5043.00 5120 5210 5200 5250
Current Account to GDP (% of GDP) -1.40 -1.2

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Fiscal Expenditure (CAD Million) 62967.00 30500 39100 40200 65040
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) 52.90 50.1 50.5 52 51.4
Business Confidence (points) 58.20 50 49 53 52
Capacity Utilization (%) 78.50 78.3 78.5 78.9 78.7
Corporate Profits (CAD Million) 151074.00 148000 149000 150000 152000
Car Registrations (Units) 176500.00 120000 122000 127000 125000
Services PMI (points) 50.60 50.3 50.1 50 49
Composite PMI (points) 50.80 50.5 50.1 51 49
Wholesale Sales (%) 0.10 -0.2 0.7 1.3 1.8
Manufacturing Sales (%) 4.60 -0.2 0.5 0.8 1
Small Business Sentiment (points) 46.30 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 (%) 1.40 0.4 0.3 0.1 -0.3
Retail Sales YoY (%) 3.40 1.1 1.4 3 2.8
Consumer Spending (CAD Million) 1439531.00 1445594 1439798 1461561 1469761
Consumer Credit (CAD Million) 814261.00 808076 820034 832015 831360
Bank Lending Rate (%) 4.45 4.45 4.45 4.45 4.2
Gasoline Prices (USD/Liter) 1.38 1.43 1.22 1.02 1.05

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Building Permits (CAD Thousand) 13484197.00 13214513 13875239 14291496 14648783
Housing Starts (Thousand units) 279.30 220 210 235 280
Building Permits MoM (%) 10.30 -2 5 3 2.5
House Price Index MoM (%) -0.40 -0.2 0.4 0.2 0.1
House Price Index YoY (%) -2.30 -2.1 -2 -1.7 0.2