Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.32 1.33 1.33 1.34 1.34 1.35
Stock Market (points) 16438.75 16313 16125 15940 15757 15390
Government Bond 10Y (%) 0.58 0.6 0.62 0.65 0.67 0.73

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -11.50 4.3 3.5 1.9 2.1 2.7
GDP Annual Growth Rate (%) -13.00 -5.7 1.1 12 6 2.5
GDP Growth Annualized (%) -38.70 5 3.5 3.2 3 3.8
Unemployment Rate (%) 9.00 10.1 9.7 9.3 9 8.5
Inflation Rate (%) 0.10 0.5 0.9 1.1 1.4 1.6
Inflation Rate Mom (%) -0.10 0.2 0.1 0.3 0.2 0.2
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 0.75
Balance of Trade (CAD Million) -2445.90 3200 -2000 -1200 -1100 3200
Current Account (CAD Million) -8626.00 -9000 -12100 -13500 -14200 -15800
Current Account to GDP (%) -2.10 -2.7 -2.4 -2.4 -2.4 -2.2
Government Debt to GDP (%) 89.70 97 95 95 95 95
Government Budget (% of GDP) -1.50 -16 -13.5 -13.5 -13.5 -13.5
Business Confidence (points) 54.30 54 55 56 57 57.7
Manufacturing PMI (points) 56.00 55 54.5 54 53.5 53
Consumer Confidence (points) 42.08 48 51 51.9 52.5 53
Retail Sales MoM (%) 0.60 0.3 0.5 0.7 0.4 0.4
Building Permits (CAD Thousand) 8073309.00 7970000 8100000 8200000 8230000 8250000
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 2021
GDP Growth Rate (%) -11.50 4.3 3.5 1.9 2.1 2.7
GDP Annual Growth Rate (%) -13.00 -5.7 1.1 12 6 2.5
GDP Growth Annualized (%) -38.70 5 3.5 3.2 3 3.8
GDP (USD Billion) 1736.43 1590 1670 1670 1670 1670
GDP Constant Prices (CAD Million) 1820369.00 2138389 1981696 2079815 2038813 2170465
Gross National Product (CAD Million) 1972932.00 2272677 2184373 2283768 2209684 2306767
Gross Fixed Capital Formation (CAD Million) 376060.00 439669 414126 442759 421187 446264
GDP per capita (USD) 51588.80 50100 50100 51100 51100 51100
GDP per capita PPP (USD) 49031.38 47200 48050 48050 48050 48050
GDP From Agriculture (CAD Million) 42418.00 42070 38398 41693 46906 42701
GDP From Construction (CAD Million) 140552.00 140339 134522 138702 156150 142444
GDP From Manufacturing (CAD Million) 187217.00 208424 187975 184662 196718 211551
GDP From Mining (CAD Million) 123645.00 156086 136858 140934 134376 158427
GDP From Public Administration (CAD Million) 132968.00 134336 126911 132392 147662 136352
GDP From Services (CAD Million) 1330029.00 1423257 1330970 1315654 1446178 1444606
GDP From Transport (CAD Million) 69153.00 91658 84998 77852 72960 93032
GDP From Utilities (CAD Million) 44920.00 44667 41355 43871 48518 45337

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 9.00 10.1 9.7 9.3 9 8.5
Employed Persons (Thousand ) 18469.90 18400 18600 18900 19100 19100
Unemployed Persons (Thousand ) 1832.60 2000 1910 1830 1650 1480
Part Time Employment (Thousand) 44.20 20 10 20 20 10
Full Time Employment (Thousand) 334.00 80 50 30 50 20
Employment Change (Thousand) 378.20 100 60 50 70 30
Labor Force Participation Rate (%) 65.00 65 65 65.1 65.3 65.6
Youth Unemployment Rate (%) 18.90 22.6 21.9 21.5 21.1 19.5
Labour Costs (points) 116.31 113 115 116 120 117
Productivity (points) 122.39 122 122 122 122 122
Wages (CAD/Hour) 26.85 27.13 27.49 27.75 28.11 28
Wages in Manufacturing (CAD/Hour) 26.82 28.05 28.76 27.42 27.18 28.95
Minimum Wages (CAD/Hour) 14.00 14.25 14.25 14.25 14.25 14.5
Population (Million) 37.78 38.01 38.01 38.01 38.01 38.36
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Job Vacancies 562910.00 560000 550000 550000 560000 570000
Non Farm Payrolls (Thousand) 14368.20 16100 16400 16900 17000 17100
Adp Employment Change (Thousand) -240.80 100 70 90 85 40
Average Hourly Earnings (CAD) 30.50 30.8 31 31.2 31.3 31.4
Employment Rate (%) 59.10 58.7 60 60.4 60.7 60.9
Wage Growth (%) 8.70 3.8 3.7 3.5 3.3 3.5

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.10 0.5 0.9 1.1 1.4 1.6
Inflation Rate Mom (%) -0.10 0.2 0.1 0.3 0.2 0.2
Consumer Price Index CPI (points) 137.00 139 137 138 139 142
Core Consumer Prices (points) 135.50 138 136 137 138 141
Core Inflation Rate (%) 0.80 0.9 1.1 1.5 1.7 2
GDP Deflator (points) 109.30 111 112 112 110 113
Producer Prices (points) 114.80 127 127 116 115 133
Producer Prices Change (%) -2.30 -0.4 0.7 1.1 1.3 1.5
Export Prices (points) 109.50 110 111 110 110 109
Import Prices (points) 120.90 122 123 123 122 122
Food Inflation (%) 1.80 2.2 2.4 2.6 2.8 2.8
CPI Housing Utilities (points) 146.80 148 147 148 148 152
CPI Transportation (points) 141.50 144 144 140 144 147
Wholesale Prices (points) 96.40 90.5 89.9 90.3 90.5 90.9

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 0.75
Interbank Rate (%) 0.50 2.27 0.51 0.51 0.51 2.52
Money Supply M1 (CAD Million) 1331801.00 1073000 1073000 1073000 1073000 1105284
Money Supply M2 (CAD Million) 2061892.00 1755000 1755000 1755000 1755000 1812439
Banks Balance Sheet (CAD Million) 7088792.00 7200000 7215000 7227000 7240000 7250000
Foreign Exchange Reserves (USD Million) 90157.00 91000 90500 89700 89000 88600
Central Bank Balance Sheet (CAD Million) 532945.00 543900 545000 546000 547100 548000
Deposit Interest Rate (%) 0.06 0.35 0.21 0.21 0.21 0.6
Foreign Stock Investment (CAD Million) 15510.00 -4500 -3100 -1500 800 2300
Private Debt to GDP (%) 263.10 269 266 266 266 260

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (CAD Million) -2445.90 3200 -2000 -1200 -1100 3200
Current Account (CAD Million) -8626.00 -9000 -12100 -13500 -14200 -15800
Current Account to GDP (%) -2.10 -2.7 -2.4 -2.4 -2.4 -2.2
Imports (CAD Million) 47375.20 48000 49500 50100 50500 51300
Exports (CAD Million) 44929.30 46000 48300 49000 49700 50800
External Debt (CAD Million) 2884367.00 2878000 2860000 2850000 2830000 2820000
Capital Flows (CAD Million) 0.00 -10 -25 10 15 -8
Foreign Direct Investment (CAD Million) 11823.00 13000 13500 14000 14230 14300
Gold Reserves (Tonnes) 0.00 0 0 4 4 4
Crude Oil Production (BBL/D/1K) 3655.00 4800 4800 4800 4800 4900
Tourist Arrivals 141772.00 350000 580000 900000 1130000 1300000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 89.70 97 95 95 95 95
Government Budget (% of GDP) -1.50 -16 -13.5 -13.5 -13.5 -13.5
Government Budget Value (CAD Million) -28228.00 -6500 -3000 1000 1100 1300
Government Spending (CAD Million) 416091.00 432981 404422 432357 466022 439476
Government Revenues (CAD Million) 21585.00 23000 25500 26300 26700 27000
Fiscal Expenditure (CAD Million) 47848.00 51000 50500 49500 48400 47200
Military Expenditure (USD Million) 21352.00 21600 21600 21600 21600 21700
Government Debt (CAD Billion) 685.45 850 820 820 820 820

Taxes Actual Q4 Q1 Q2 Q3 2021
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 (%) 14.09 13.81 14.09 14.09 14.09 13.81
Social Security Rate For Companies (%) 7.37 7.23 7.37 7.37 7.37 7.23
Social Security Rate For Employees (%) 6.72 6.58 6.72 6.72 6.72 6.58

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) 54.30 54 55 56 57 57.7
Manufacturing PMI (points) 56.00 55 54.5 54 53.5 53
Industrial Production (%) -12.76 -1.5 0.5 10 3.5 2.3
Industrial Production Mom (%) 7.45 0.8 0.6 0.5 0.4 0.6
Manufacturing Production (%) -12.54 -1.3 0.5 10.5 5.5 2.1
Capacity Utilization (%) 70.30 73 75 78 80 80.7
New Orders (CAD THO) 50875770.00 52800000 53500000 54100000 54900000 55200000
Bankruptcies (Companies) 138.00 205 218 227 230 230
Corporate Profits (CAD Million) 104877.00 80100 81900 82100 83500 85000
Car Registrations (Units) 171584.00 145000 110000 115000 120000 125000
Leading Economic Index (%) 3.00 0.5 0.3 0.5 0.4 0.4
Manufacturing Sales (%) -2.00 0.6 0.9 1.5 2.5 1.5
Mining Production (%) -23.20 -4.5 -3 18 6.5 3.5
Wholesale Sales (%) 4.30 0.9 1.1 1 1.2 1

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 42.08 48 51 51.9 52.5 53
Retail Sales MoM (%) 0.60 0.3 0.5 0.7 0.4 0.4
Retail Sales YoY (%) 2.70 0.9 6.5 2.5 3 3.5
Retail Sales Ex Autos (%) -0.40 0.3 0.4 0.5 0.4 0.4
Consumer Spending (CAD Million) 998375.00 1209164 1119716 1161488 1118180 1227302
Disposable Personal Income (CAD Million) 1474308.00 1282690 1235289 1333950 1651225 1301930
Personal Savings (%) 28.20 15 10 8.5 7.9 7.1
Consumer Credit (CAD Million) 622751.00 642431 606336 646629 687945 652068
Private Sector Credit (CAD Million) 4618784.00 4623000 4618000 4615000 4614000 4613000
Bank Lending Rate (%) 2.45 4.2 2.45 2.45 2.45 4.45
Households Debt To GDP (% of GDP) 106.16 106 106 105 105 104
Households Debt To Income (%) 166.78 170 171 171 171 172
Gasoline Prices (USD/Liter) 0.79 0.84 0.7 0.67 0.64 0.8

Housing Actual Q4 Q1 Q2 Q3 2021
Building Permits (CAD Thousand) 8073309.00 7970000 8100000 8200000 8230000 8250000
Housing Starts (Thousand units) 208.98 190 213 215 221 213
Housing Index (points) 105.20 105 105 105 105 104
Home Ownership Rate (%) 66.30 63 63 63 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.