Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.25 1.26 1.27 1.28 1.28 1.3
Stock Market (points) 20228.28 19806 19431 19061 18698 17995
Government Bond 10Y (%) 1.17 1.27 1.34 1.42 1.5 1.67

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.40 2.1 2.7 1 0.6 1.7
GDP Annual Growth Rate (%) 0.30 6 5.4 3 2.5 3.1
GDP Growth Annualized (%) 5.60 3 3.8 2 2 2
Unemployment Rate (%) 7.80 7.9 7.6 7.1 6.6 6.5
Inflation Rate (%) 3.10 3.1 2.7 2.1 1.9 1.5
Inflation Rate Mom (%) 0.30 0.3 0.2 0.1 0.1 0.1
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.75
Balance of Trade (CAD Million) -1390.00 -100 3200 3200 1000 200
Current Account (CAD Million) 1180.00 -9500 -11800 -14000 -13000 -15600
Current Account to GDP (% of GDP) -1.90 -0.6 -0.6 -1.5 -1.5 -1.5
Government Debt to GDP (% of GDP) 117.80 115 115 115 113 113
Government Budget (% of GDP) -15.90 -8 -8 -4 -4 -4
Business Confidence (points) 71.90 60 58 55 55 58
Manufacturing PMI (points) 56.50 56 55 53 51 53
Consumer Confidence (points) 55.70 52.5 53 52 53 55
Retail Sales MoM (%) -2.10 0.7 0.4 0.4 0.3 0.4
Building Permits (CAD Thousand) 9467239.00 10017123 10080088 10143053 10206018 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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.40 2.1 2.7 1 0.6 1.7
GDP Annual Growth Rate (%) 0.30 6 5.4 3 2.5 3.1
GDP Growth Annualized (%) 5.60 3 3.8 2 2 2
GDP (USD Billion) 1643.40 1670 1670 1670 1740 1740
GDP Constant Prices (CAD Million) 2077771.00 2093279 2170465 2156405 2107303 2223254
Gross National Product (CAD Million) 2380740.00 2252731 2306767 2398288 2343678 2472635
Gross Fixed Capital Formation (CAD Million) 463686.00 434852 446264 471151 460422 485756
GDP per capita (USD) 48617.09 51100 51100 51100 51100 51600
GDP per capita PPP (USD) 45856.63 48050 48050 48050 48050 48870
GDP From Agriculture (CAD Million) 48504.00 48948 50822 49764 49717 52397
GDP From Construction (CAD Million) 152524.00 146251 148614 153474 156337 153221
GDP From Manufacturing (CAD Million) 187091.00 196446 197382 194728 191768 203500
GDP From Mining (CAD Million) 155629.00 147200 156870 158111 159520 161733
GDP From Public Administration (CAD Million) 137995.00 140705 141910 141524 141445 146309
GDP From Services (CAD Million) 1395551.00 1437356 1445340 1446731 1430440 1490145
GDP From Transport (CAD Million) 71418.00 73857 76396 74130 73203 78764
GDP From Utilities (CAD Million) 40664.00 43680 43524 42405 41681 44873

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 7.80 7.9 7.6 7.1 6.6 6.5
Employed Persons (Thousand ) 18789.90 18900 19000 19000 19100 19100
Unemployed Persons (Thousand ) 1591.60 1550 1480 1400 1300 1180
Part Time Employment (Thousand) 263.90 200 100 200 150 80
Full Time Employment (Thousand) -33.20 50 20 20 20 20
Employment Change (Thousand) 230.70 70 70 70 70 23
Labor Force Participation Rate (%) 65.20 65.5 65.6 65.2 65.8 65.6
Youth Unemployment Rate (%) 13.60 15.5 15.5 15.1 14.8 13.5
Labour Costs (points) 114.02 120 117 119 118 123
Productivity (points) 110.03 112 111 113 116 110
Wages (CAD/Hour) 27.53 28.09 28 28.55 28.86 29.54
Wages in Manufacturing (CAD/Hour) 26.99 27.04 28.95 29.3 29.02 30.33
Minimum Wages (CAD/Hour) 14.35 14.25 14.35 14.35 14.35 15
Population (Million) 38.01 38.49 38.49 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 553480.00 570000 570000 575000 575000 580000
Non Farm Payrolls (Thousand) 16321.10 17000 17100 18400 18000 17800
Adp Employment Change (Thousand) -294.20 85 40 100 80 55
Average Hourly Earnings (CAD) 30.66 31.3 31.4 31.5 31.2 31.6
Employment Rate (%) 60.10 60.7 60.9 61 61.3 60.9
Wage Growth (%) 1.10 3.3 3.5 3 3.1 3.5

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 3.10 3.1 2.7 2.1 1.9 1.5
Inflation Rate Mom (%) 0.30 0.3 0.2 0.1 0.1 0.1
Consumer Price Index CPI (points) 141.40 141 141 143 144 143
Core Consumer Prices (points) 139.20 139 139 141 142 142
Core Inflation Rate (%) 2.80 2.4 2.5 2.2 2.1 2
GDP Deflator (points) 116.20 115 116 119 118 118
Producer Prices (points) 113.90 110 108 110 115 110
Producer Prices Change (%) 16.20 8.8 5.5 1.1 0.8 2
Export Prices (points) 124.60 116 110 110 110 110
Import Prices (points) 122.40 122 122 122 122 122
Food Inflation (%) 1.30 2.4 2.1 1.2 1.4 2
CPI Housing Utilities (points) 152.80 152 153 153 156 155
CPI Transportation (points) 150.80 145 146 152 154 148
Wholesale Prices (points) 120.10 115 113 113 114 115

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.75
Interbank Rate (%) 0.44 0.44 0.44 0.44 0.44 0.69
Money Supply M1 (CAD Million) 1534862.00 1457087 1462527 1467967 1473407 1484288
Money Supply M2 (CAD Million) 2225461.00 2195246 2202912 2210578 2218244 2233576
Money Supply M3 (CAD Million) 2989239.00 3041538 3044856 3048174 3051492 3058128
Foreign Exchange Reserves (USD Million) 89053.00 89000 88600 89000 88500 87500
Banks Balance Sheet (CAD Million) 1043716.00 1030313 1027089 1026254 1027204 1033151
Central Bank Balance Sheet (CAD Million) 476713.00 476968 477450 477933 478415 479380
Loans to Private Sector (CAD Million) 460100.00 480000 465000 450000 460000 460000
Deposit Interest Rate (%) 0.20 0.2 0.2 0.2 0.2 0.45
Foreign Stock Investment (CAD Million) 20786.00 4500 5000 4500 3000 7500
Private Debt to GDP (%) 304.10 290 290 300 300 300

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (CAD Million) -1390.00 -100 3200 3200 1000 200
Current Account (CAD Million) 1180.00 -9500 -11800 -14000 -13000 -15600
Current Account to GDP (% of GDP) -1.90 -0.6 -0.6 -1.5 -1.5 -1.5
Imports (CAD Million) 50916.20 51500 51300 50000 50500 51000
Exports (CAD Million) 49530.00 49700 50800 51000 52000 51200
External Debt (CAD Million) 3036227.00 3330000 3360000 3360000 3360000 3450000
Capital Flows (CAD Million) -38.00 15 15 15 10 -5
Foreign Direct Investment (CAD Million) 19620.00 12230 14300 14000 14900 15900
Gold Reserves (Tonnes) 0.00 3 3 3 3 3
Crude Oil Production (BBL/D/1K) 4477.00 4800 4900 5000 5000 4900
Tourist Arrivals 140287.00 200000 400000 600000 800000 1000000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 117.80 115 115 115 113 113
Government Budget (% of GDP) -15.90 -8 -8 -4 -4 -4
Government Budget Value (CAD Million) -31440.00 -8500 -7000 -4000 -3500 -3000
Government Spending (CAD Million) 440315.00 462037 439476 450852 440586 464828
Government Revenues (CAD Million) 34517.00 26700 27000 28000 28500 29000
Fiscal Expenditure (CAD Million) 64021.00 46400 45200 40200 39000 28000
Government Debt (CAD Billion) 721.36 820 820 820 820 790
Military Expenditure (USD Million) 22854.00 21600 21600 22000 22000 22000

Taxes Actual Q3 Q4 Q1 Q2 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 14.09 13.81 13.81 13.81 13.81
Social Security Rate For Companies (%) 7.66 7.37 7.23 7.23 7.23 7.23
Social Security Rate For Employees (%) 6.72 6.72 6.58 6.58 6.58 6.58

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 71.90 60 58 55 55 58
Manufacturing PMI (points) 56.50 56 55 53 51 53
Industrial Production (%) 18.28 3.5 2.3 2 2.1 2.3
Industrial Production Mom (%) -0.30 0.4 0.6 0.6 0.3 0.5
Manufacturing Production (%) 32.70 5.5 2.1 2.1 2.3 1.5
Capacity Utilization (%) 81.70 83 84 83 84 83.5
New Orders (CAD THO) 54137642.00 58033486 58297379 58561273 58825166 59352952
Bankruptcies (Companies) 155.00 150 190 210 230 220
Corporate Profits (CAD Million) 100719.00 83500 85000 86000 88000 90100
Car Registrations (Units) 151912.00 175000 155000 180000 165000 150000
Leading Economic Index (%) -0.30 0.6 0.4 0.4 0.4 0.3
Manufacturing Sales (%) -0.60 2.5 1.4 1.7 1.5 2
Mining Production (%) 13.18 6.5 3.5 3.5 2.5 3.5
Wholesale Sales (%) 0.50 1.2 1 2 1.8 1.5

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 55.70 52.5 53 52 53 55
Retail Sales MoM (%) -2.10 0.7 0.4 0.4 0.3 0.4
Retail Sales YoY (%) 24.60 3.5 3 3 3 3.5
Retail Sales Ex Autos (%) -2.00 0.4 0.4 0.4 0.3 0.4
Consumer Spending (CAD Million) 1148288.00 1146618 1227302 1197195 1169935 1234308
Disposable Personal Income (CAD Million) 1435000.00 1371225 1381930 1370000 1394795 1450228
Personal Savings (%) 13.10 7.9 7.1 6 6.3 4
Consumer Credit (CAD Million) 786228.00 837166 833586 810671 805884 859428
Bank Lending Rate (%) 2.45 2.45 2.45 2.45 2.45 2.7
Households Debt To GDP (% of GDP) 111.59 116 116 117 117 118
Households Debt To Income (%) 167.70 171 172 172 172 173
Gasoline Prices (USD/Liter) 1.12 1.06 1.01 0.96 0.91 0.87

Housing Actual Q3 Q4 Q1 Q2 2022
Building Permits (CAD Thousand) 9467239.00 10017123 10080088 10143053 10206018 10331948
Housing Starts (Thousand units) 282.07 250 220 220 220 220
Housing Index (points) 116.70 112 113 114 115 115
Home Ownership Rate (%) 68.55 64 64 64 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.