Markets Actual Q4 Q1 Q2 Q3 2022
Stock Market (points) 20633.27 20282 19938 19600 19265 18616
Currency 1.28 1.29 1.3 1.31 1.31 1.33
Government Bond 10Y (%) 1.44 1.5 1.56 1.63 1.7 1.85

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.30 1.9 0.6 0.4 0.6 1
GDP Annual Growth Rate (%) 4.00 4.4 3 2.5 4 4.6
GDP Growth Annualized (%) 5.40 3.8 2 2 1.2 2
Unemployment Rate (%) 6.00 6.5 6.4 6.3 6.3 6.2
Inflation Rate (%) 4.70 4.9 3.8 3.3 2.5 2.2
Inflation Rate Mom (%) 0.70 0.2 0.1 0.1 0.1 0.1
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 0.75
Balance of Trade (CAD Million) 1858.00 3200 1400 1500 -500 200
Current Account (CAD Million) 1369.00 -1800 -2000 3000 4000 -4600
Current Account to GDP (% of GDP) -1.90 0.6 0.1 0.1 0.1 0.1
Government Debt to GDP (% of GDP) 117.80 120 120 113 113 113
Government Budget (% of GDP) -15.90 -8 -4 -4 -4 -4
Business Confidence (points) 59.30 68 65 60 55 58
Manufacturing PMI (points) 57.20 55 53 51 53 53
Consumer Confidence (points) 54.09 56 52 53 51 51
Retail Sales MoM (%) -0.60 0.4 0.4 0.3 0.7 0.4
Building Permits (CAD Thousand) 10291311.00 9808000 10143053 10206018 9900000 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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.30 1.9 0.6 0.4 0.6 1
GDP Annual Growth Rate (%) 4.00 4.4 3 2.5 4 4.6
GDP Growth Annualized (%) 5.40 3.8 2 2 1.2 2
GDP (USD Billion) 1644.04 1670 1670 1740 1740 1740
GDP Constant Prices (CAD Million) 2093927.00 2170465 2139498 2117997 2177684 2238033
Gross National Product (CAD Million) 2487916.00 2392944 2455227 2504378 2587433 2503019
Gross Fixed Capital Formation (CAD Million) 447648.00 446264 477175 476048 465554 486847
GDP per capita (USD) 42108.17 43100 44500 44500 44500 44500
GDP per capita PPP (USD) 45856.63 47050 48050 48050 48050 48870
Monthly GDP MoM (%) 0.10 0.4 0.5 0.4 0.3 0.3
GDP From Agriculture (CAD Million) 35122.00 44763 42063 40219 36527 46822
GDP From Construction (CAD Million) 143224.00 142444 157010 149918 148953 157398
GDP From Manufacturing (CAD Million) 182592.00 211551 193717 191591 189896 204969
GDP From Mining (CAD Million) 160569.00 158427 154045 156459 166992 162407
GDP From Public Administration (CAD Million) 139280.00 136352 141382 141377 144851 147549
GDP From Services (CAD Million) 1421004.00 1444606 1444765 1429308 1477844 1497779
GDP From Transport (CAD Million) 73616.00 93032 74334 72430 76561 79292
GDP From Utilities (CAD Million) 41501.00 45337 42547 44132 43161 45108

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 6.00 6.5 6.4 6.3 6.3 6.2
Employed Persons (Thousand ) 19316.10 19150 19220 19340 19300 19400
Unemployed Persons (Thousand ) 1243.80 1360 1350 1300 1300 1280
Part Time Employment (Thousand) 73.80 50 100 150 -20 80
Full Time Employment (Thousand) 79.90 60 80 20 50 20
Employment Change (Thousand) 153.70 80 120 170 150 23
Labor Force Participation Rate (%) 65.30 65.6 65.2 65.8 65.5 65.6
Youth Unemployment Rate (%) 10.50 10 10.2 11 11 11
Labour Costs (points) 120.63 117 116 121 124 121
Productivity (points) 109.01 111 113 116 116 110
Wages (CAD/Hour) 27.49 28 28.15 28.17 28.31 29.26
Wages in Manufacturing (CAD/Hour) 27.43 28.95 28.28 27.99 28.25 30.03
Minimum Wages (CAD/Hour) 14.35 14.35 14.35 14.35 14.5 14.5
Population (Million) 38.01 38.49 38.83 38.83 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 731905.00 700000 675000 650000 600000 580000
Non Farm Payrolls (Thousand) 16613.90 17100 18400 18000 18000 17800
Employment Rate (%) 61.40 60.9 61 61.3 61.5 60.9
Adp Employment Change (Thousand) 65.80 40 100 80 50 55
Average Hourly Earnings (CAD) 31.18 30.9 31 31 31.1 31
Wage Growth (%) 2.60 2.5 2 3.1 3 3.5

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 4.70 4.9 3.8 3.3 2.5 2.2
Inflation Rate Mom (%) 0.70 0.2 0.1 0.1 0.1 0.1
Consumer Price Index CPI (points) 143.90 142 145 146 146 147
Core Consumer Prices (points) 141.50 141 141 143 144 143
Core Inflation Rate (%) 3.80 3.2 2.9 2.6 2.2 2
GDP Deflator (points) 119.60 118 120 123 123 120
Producer Prices (points) 117.70 133 122 125 121 120
Producer Prices Change (%) 16.70 15.5 12.1 8.8 4.3 2
Export Prices (points) 129.70 134 132 130 128 120
Import Prices (points) 132.20 122 122 122 122 122
Food Inflation (%) 3.80 2.3 2.1 1.8 1.7 2
CPI Transportation (points) 155.40 156 156 156 156 156
CPI Housing Utilities (points) 155.40 152 156 158 158 159
Wholesale Prices (points) 133.30 129 130 135 141 140

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 0.75
Interbank Rate (%) 0.49 0.49 0.49 0.49 0.74 0.99
Money Supply M1 (CAD Million) 1580057.00 1575000 1540000 1500000 1500000 1480000
Money Supply M2 (CAD Million) 2286467.00 2280000 2200000 2150000 2050000 2000000
Money Supply M3 (CAD Million) 3118552.00 3100000 3050000 3000000 2950000 2800000
Foreign Exchange Reserves (USD Million) 103624.00 102600 100000 95500 92500 90500
Banks Balance Sheet (CAD Million) 1085203.00 1107089 1086254 1067204 1050000 1033151
Central Bank Balance Sheet (CAD Million) 501361.00 499450 477933 460415 450000 450380
Loans to Private Sector (CAD Million) 493131.00 485000 470000 470000 470000 460000
Deposit Interest Rate (%) 0.18 0.18 0.18 0.18 0.43 0.68
Foreign Stock Investment (CAD Million) 20020.00 5000 4500 3000 3000 7500
Private Debt to GDP (%) 304.10 290 300 300 300 300

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (CAD Million) 1858.00 3200 1400 1500 -500 200
Current Account (CAD Million) 1369.00 -1800 -2000 3000 4000 -4600
Current Account to GDP (% of GDP) -1.90 0.6 0.1 0.1 0.1 0.1
Imports (CAD Million) 51141.80 51300 51600 50500 52000 51000
Exports (CAD Million) 52999.80 52800 53000 52000 51500 51200
External Debt (CAD Million) 3074252.00 3060000 3030000 3000000 2980000 3000000
Capital Flows (CAD Million) -3318.00 1800 -1000 500 900 1200
Foreign Direct Investment (CAD Million) 18182.00 14300 14000 14900 16000 15900
Gold Reserves (Tonnes) 0.00 3 3 3 3 3
Crude Oil Production (BBL/D/1K) 4508.00 4590 4550 4590 4610 4650
Tourist Arrivals 671662.00 700000 750000 800000 1000000 1000000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 117.80 120 120 113 113 113
Government Budget (% of GDP) -15.90 -8 -4 -4 -4 -4
Government Budget Value (CAD Million) -11410.00 -7000 -12000 -3500 -3000 -3000
Government Spending (CAD Million) 445787.00 439476 454229 457764 463618 473603
Government Revenues (CAD Million) 26850.00 31000 28000 28500 25000 29000
Fiscal Expenditure (CAD Million) 34951.00 36300 35000 34000 34000 33000
Government Debt (CAD Billion) 721.36 750 760 760 760 760
Military Expenditure (USD Million) 22854.00 21600 22000 22000 22000 22000

Taxes Actual Q4 Q1 Q2 Q3 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 14.38 14.38 14.38 14.38 14.38
Social Security Rate For Companies (%) 7.66 7.23 7.66 7.66 7.66 7.66
Social Security Rate For Employees (%) 6.72 6.58 6.58 6.58 6.58 6.58

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 59.30 68 65 60 55 58
Manufacturing PMI (points) 57.20 55 53 51 53 53
Industrial Production (%) 3.89 2.3 2 2.1 2.1 2.3
Industrial Production Mom (%) -0.20 0.6 0.6 0.3 0.3 0.5
Manufacturing Production (%) -1.30 2.1 2.1 2.3 1.5 1.5
Capacity Utilization (%) 82.00 83 83 84 84 84.5
New Orders (CAD THO) 59066854.00 58297379 58561273 58825166 58825166 59352952
Bankruptcies (Companies) 188.00 160 210 230 230 220
Corporate Profits (CAD Million) 105545.00 95000 96000 98000 95000 94100
Car Registrations (Units) 144276.00 145000 160000 165000 175000 150000
Manufacturing Sales (%) 4.10 1.4 1.7 1.5 1 2
Mining Production (%) 15.50 8.5 3.5 2.5 2 3
Small Business Sentiment (points) 62.24 62.5 64 61 58 55
Wholesale Sales (%) 1.40 1 2 1.8 1 1.5

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 54.09 56 52 53 51 51
Retail Sales MoM (%) -0.60 0.4 0.4 0.3 0.7 0.4
Retail Sales YoY (%) 4.80 3 3 3 2 3
Retail Sales Ex Autos (%) -0.20 2.4 1.4 0.3 0.5 1
Consumer Spending (CAD Million) 1189996.00 1227302 1182642 1170496 1237596 1245734
Disposable Personal Income (CAD Million) 1471864.00 1501930 1510000 1494795 1520000 1520228
Personal Savings (%) 11.00 7.1 6 6.3 4 4
Consumer Credit (CAD Million) 802793.00 652068 810671 812397 834905 863659
Bank Lending Rate (%) 2.45 4.45 2.45 2.45 2.7 2.95
Gasoline Prices (USD/Liter) 1.16 0.8 1.05 0.99 0.95 0.9
Households Debt To GDP (% of GDP) 109.07 112 112 114 114 113
Households Debt To Income (%) 172.93 172 172 172 172 173

Housing Actual Q4 Q1 Q2 Q3 2022
Building Permits (CAD Thousand) 10291311.00 9808000 10143053 10206018 9900000 10331948
Housing Starts (Thousand units) 236.60 220 230 240 225 220
Housing Index (points) 119.60 122 124 125 127 125
Home Ownership Rate (%) 68.55 64 64 64 64 64


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Canada Forecast - was last updated on Sunday, December 5, 2021.