Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 33108.22 32295 31446 30648 29870
Currency 1.39 1.39 1.38 1.38 1.37
Government Bond 10Y (%) 3.48 3.42 3.36 3.3 3.24

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.20 0.4 0.5 0.3 0.1
GDP Annual Growth Rate (%) 0.70 2.8 2.5 2.9 2.1
GDP Growth Annualized (%) -0.60 1.6 1.5 1.6 1.7
Unemployment Rate (%) 6.70 7 6.8 6.6 6.7
Inflation Rate (%) 1.80 2.8 2 2 2.1
Inflation Rate MoM (%) 0.50 0.6 0.3 -0.1 0.1
Interest Rate (%) 2.25 2.25 2 2 2
Balance of Trade (CAD Million) -5740.00 -2100 -900 -2150 1300
Current Account (CAD Million) -700.00 -4100 -2200 -3800 -4700
Manufacturing PMI (points) 50.00 50.1 50.5 52 51.4
Business Confidence (points) 56.60 50 51 53 52
Consumer Confidence (points) 47.50 45 46 47 49
Retail Sales MoM (%) 0.90 0.5 0.3 0.2 -0.2
Building Permits (CAD Thousand) 13345352.00 13078445 13732367 12771102 13920501
Current Account to GDP (% of GDP) -1.40 -1.2
Government Debt to GDP (% of GDP) 110.80 115
Government Budget (% of GDP) -1.20 -2.3

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.20 0.4 0.5 0.3 0.1
GDP Annual Growth Rate (%) 0.70 2.8 2.5 2.9 2.1
GDP Growth Annualized (%) -0.60 1.6 1.5 1.6 1.7
GDP Constant Prices (CAD Million) 2502165.00 2560988 2568609 2574728 2554710
Gross National Product (CAD Million) 3237496.00 3261897 3306945 3331383 3305483
Gross Fixed Capital Formation (CAD Million) 535612.00 543259 544530 551145 546860
Monthly GDP MoM (%) 0.20 0.5 0.3 0.2 0
GDP from Utilities (CAD Million) 47857.00 48038 47201 48957 48862
GDP from Agriculture (CAD Million) 46509.00 46963 49561 48521 47486
GDP from Manufacturing (CAD Million) 195265.00 203693 206944 203856 199366
GDP from Mining (CAD Million) 121121.00 121675 123802 123174 123665
GDP from Transport (CAD Million) 104712.00 105449 106570 108479 106911
GDP from Public Administration (CAD Million) 168253.00 172624 170434 173268 171786
GDP from Construction (CAD Million) 173201.00 175211 175698 176233 176838
GDP from Services (CAD Million) 1757581.00 1793808 1794632 1808273 1794490
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 (%) 6.70 7 6.8 6.6 6.7
Unemployed Persons (Thousand ) 1514.20 1630 1610 1600 1590
Employed Persons (Thousand ) 21037.30 20900 20850 20900 21054
Part Time Employment (Thousand) 24.50 5 30 50 -10
Full Time Employment (Thousand) -108.40 -15 -15 -20 30
Employment Change (Thousand) -83.90 40 65 30 5
Labor Force Participation Rate (%) 64.90 65.2 65.2 65.5 65.3
Labour Costs (points) 131.71 132 133 134 135
Productivity (points) 104.42 103 103 103 103
Wages (CAD/Hour) 32.72 32.02 32.76 33.3 33.44
Wages in Manufacturing (CAD/Hour) 32.47 32.58 32.64 33.35 33.18
Wage Growth (%) 2.00 1.5 2 1.7 2.2
Non Farm Payrolls (Thousand) 18343.00 18150 18150 18100 18280
Average Hourly Earnings (CAD) 38.49 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 (%) 1.80 2.8 2 2 2.1
Inflation Rate MoM (%) 0.50 0.6 0.3 -0.1 0.1
Consumer Price Index CPI (points) 165.90 169 168 168 169
Core Inflation Rate (%) 2.30 2.7 2.9 2.8 2.5
Core Consumer Prices (points) 161.30 164 165 165 165
GDP Deflator (points) 130.10 133 133 133 133
Producer Prices (points) 138.20 134 136 138 142
Producer Prices Change (%) 5.40 3.1 3 2.9 2.5
Export Prices (points) 142.40 133 133 140 141
Import Prices (points) 137.90 128 128 138 140
Food Inflation (%) 5.40 2.8 2.7 2.9 3.4
Commodity Prices YoY (%) 8.60 5 3.1 3.7 3.9
CPI Median (Percent) 2.30 2.7 3 2.8 2.6
CPI Trimmed-Mean (Percent) 2.30 3 2.9 2.7 3
Core Inflation Rate MoM (%) 0.40 0.1 0.2 0.4 -0.1
Producer Price Inflation MoM (%) 0.40 0.4 0.2 0.3 0.6
CPI Transportation (points) 172.20 173 174 174 174
CPI Housing Utilities (points) 189.50 193 192 193 193

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.25 2.25 2 2 2
Money Supply M2 (CAD Million) 2778164.00 2730000 2740000 2748000 2742000
Central Bank Balance Sheet (CAD Million) 236043.00 225000 220000 217000 221000
Loans to Private Sector (CAD Million) 726862.00 705000 710000 72000 71900
Foreign Stock Investment (CAD Million) 46730.00 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) -5740.00 -2100 -900 -2150 1300
Current Account (CAD Million) -700.00 -4100 -2200 -3800 -4700
Imports (CAD Million) 72050.00 69200 68000 70200 67500
Exports (CAD Million) 66310.00 67100 67100 68050 68800
Terms of Trade (points) 103.30 104 104 101 101
Crude Oil Production (BBL/D/1K) 5234.00 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) 41565.00 41500 40500 39000 38040
Government Debt to GDP (% of GDP) 110.80 115
Government Budget (% of GDP) -1.20 -2.3

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 50.00 50.1 50.5 52 51.4
Business Confidence (points) 56.60 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) 114415.00 170000 162000 147000 155000
Services PMI (points) 46.50 50.3 50.1 50 49
Composite PMI (points) 47.10 50.5 50.1 51 49
Manufacturing Sales (%) 3.80 0.2 0.5 0.4 -0.5
Wholesale Sales (%) 2.30 0.2 0.7 0.6 0.4
Small Business Sentiment (points) 55.80 60.5 57 59 62

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 47.50 45 46 47 49
Retail Sales MoM (%) 0.90 0.5 0.3 0.2 -0.2
Retail Sales Ex Autos (%) 0.80 0.4 0.5 0.6 -0.3
Retail Sales YoY (%) 1.50 2.9 2.4 3 3.2
Consumer Spending (CAD Million) 1431258.00 1468226 1460899 1472764 1461314
Consumer Credit (CAD Million) 810251.00 820042 831390 840180 827266
Bank Lending Rate (%) 4.45 4.45 4.2 4.2 4.2
Gasoline Prices (USD/Liter) 1.28 1.43 1.22 1.02 1.05

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Building Permits (CAD Thousand) 13345352.00 13078445 13732367 12771102 13920501
Housing Starts (Thousand units) 250.90 250 240 235 280
Building Permits MoM (%) 4.80 -2 5 -7 9
House Price Index MoM (%) 0.30 -0.2 0.4 0.2 0.1
House Price Index YoY (%) -2.00 3.3 2.3 2.4 2
Home Ownership Rate (%) 66.70 67.5