Markets Actual Q4 Q1 Q2 Q3 2023
Stock Market (points) 18444.22 17564 17124 16694 16694 15866
Currency 1.38 1.39 1.41 1.43 1.43 1.46
Government Bond 10Y (%) 3.17 3.31 3.43 3.57 3.57 3.84

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 0.80 0.3 0.3 0.5 0.6 0.8
GDP Annual Growth Rate (%) 2.90 1.8 1.5 1.3 1.1 2
GDP Growth Annualized (%) 3.30 1.9 1.7 2 2 2
Unemployment Rate (%) 5.40 5.4 5.5 5.5 5.6 5.6
Inflation Rate (%) 7.00 6.6 5.3 3.5 3 2
Inflation Rate MoM (%) -0.30 0.1 0.1 0.2 0.2 0.2
Interest Rate (%) 3.25 4 4 4 3.75 3.25
Balance of Trade (CAD Million) 4051.60 3616 3138 2812 2552 2127
Current Account (CAD Million) 2690.00 1821 623 1230 -3750 550
Current Account to GDP (% of GDP) 0.10 1 -0.2 -0.2 -0.2 -0.2
Government Debt to GDP (% of GDP) 117.80 102 99 99 99 99
Government Budget (% of GDP) -4.70 -2.1 -0.9 -0.9 -0.9 -0.9
Business Confidence (points) 60.90 53 51 56 58 60
Manufacturing PMI (points) 48.70 47 45 50 52 53
Consumer Confidence (points) 50.14 49 45 50 53 55
Retail Sales MoM (%) -2.50 -0.8 0.3 0.3 0.7 0.5
Building Permits (CAD Thousand) 11167521.00 11114097 11142958 11174072 11207025 11241508
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 2023
GDP Growth Rate (%) 0.80 0.3 0.3 0.5 0.6 0.8
GDP Annual Growth Rate (%) 2.90 1.8 1.5 1.3 1.1 2
GDP Growth Annualized (%) 3.30 1.9 1.7 2 2 2
GDP (USD Billion) 1990.76 1740 1740 1740 1740 1740
GDP Constant Prices (CAD Million) 2158242.00 2143476 2162954 2172862 2186299 2206213
Gross National Product (CAD Million) 2789972.00 2552517 2630365 2717289 2826242 2682973
Gross Fixed Capital Formation (CAD Million) 458659.00 463118 470453 481453 464622 479862
GDP per Capita (USD) 43945.56 44500 44500 44500 44500 45600
GDP per Capita PPP (USD) 47903.03 47567 48028 48028 48028 49375
Monthly GDP MoM (%) 0.00 -0.5 0.1 0.1 0.3 0.3
Full Year GDP Growth (%) 4.54 3.5 1.5 1.5 1.5 1.5
GDP from Agriculture (CAD Million) 44895.00 37618 41334 42248 44061 42161
GDP from Construction (CAD Million) 150016.00 150136 150819 156459 152248 153835
GDP from Manufacturing (CAD Million) 193055.00 188093 195139 199366 196530 199042
GDP from Mining (CAD Million) 162891.00 160340 155793 157474 162006 158909
GDP from Public Administration (CAD Million) 142331.00 142533 141572 142896 143483 144404
GDP from Services (CAD Million) 1463755.00 1460261 1467552 1477844 1483687 1496903
GDP from Transport (CAD Million) 80625.00 76145 77807 78930 81756 79363
GDP from Utilities (CAD Million) 43091.00 42577 42793 42899 42980 43649

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 5.40 5.4 5.5 5.5 5.6 5.6
Employed Persons (Thousand ) 19526.80 19204 19254 19254 19254 19406
Unemployed Persons (Thousand ) 1113.00 1280 1210 1210 1210 1280
Part Time Employment (Thousand) 37.50 -80 -50 40 70 50
Full Time Employment (Thousand) -77.20 -60 -79 70 45 20
Employment Change (Thousand) -39.70 -140 -120 110 130 70
Labor Force Participation Rate (%) 64.80 65.1 65.3 65.3 65.9 66
Youth Unemployment Rate (%) 9.90 11 11 11 11 12
Labour Costs (points) 126.64 126 124 127 128 126
Productivity (points) 106.98 112 112 112 112 113
Wages (CAD/Hour) 28.61 28.59 29.09 29.1 28.9 29.67
Wages in Manufacturing (CAD/Hour) 29.03 28.53 29.3 29.48 29.32 29.89
Minimum Wages (CAD/Hour) 15.50 15.5 15.5 16 16 16.5
Population (Million) 38.44 38.24 38.57 38.57 38.57 38.57
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 2.90 4 2 1 1 2
Job Vacancies 890385.00 580000 580000 580000 580000 580000
Non Farm Payrolls (Thousand) 17565.00 17448 17507 17507 17507 17683
Employment Rate (%) 61.30 61.5 61.3 61.3 61.3 60.9
ADP Employment Change (Thousand) 475.00 55 70 70 70 55
Average Hourly Earnings (CAD) 32.52 32.7 32.9 33 33.2 33.3

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 7.00 6.6 5.3 3.5 3 2
Inflation Rate MoM (%) -0.30 0.1 0.1 0.2 0.2 0.2
Consumer Price Index CPI (points) 152.60 153 154 157 158 157
Core Consumer Prices (points) 148.50 149 149 150 150 152
Core Inflation Rate (%) 5.80 5.5 3.2 1.7 1.5 2
GDP Deflator (points) 130.30 128 130 133 135 133
Producer Prices (points) 126.70 126 126 128 129 128
Producer Prices Change (%) 10.60 6.4 -0.6 -2.1 1.7 2
Export Prices (points) 153.60 125 120 120 120 120
Import Prices (points) 144.70 126 120 120 120 130
Food Inflation (%) 9.80 8.1 5.2 3.1 1.5 2
Producer Price Inflation MoM (%) -1.20 0 0.1 0.2 0.6 0.5
Wholesale Prices (points) 146.60 144 145 145 146 150
CPI Transportation (points) 169.70 170 170 170 170 171
CPI Housing Utilities (points) 164.10 165 167 169 169 170

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 3.25 4 4 4 3.75 3.25
Interbank Rate (%) 4.20 4.2 4.95 4.95 4.95 4.45
Money Supply M1 (CAD Million) 1603517.00 1613584 1619425 1619425 1619425 1636949
Money Supply M2 (CAD Million) 2367102.00 2363835 2376378 2376378 2376378 2388924
Money Supply M3 (CAD Million) 3325422.00 3201429 3213428 3213428 3213428 3253428
Foreign Exchange Reserves (USD Million) 107766.00 90500 90500 90500 90500 90500
Banks Balance Sheet (CAD Million) 1089562.00 1033151 1044751 1044751 1044751 1057277
Central Bank Balance Sheet (CAD Million) 439152.00 505018 505584 505584 505584 507280
Loans to Private Sector (CAD Million) 578304.00 524632 528025 528025 528025 531984
Deposit Interest Rate (%) 3.76 3.76 4.51 4.51 4.51 4.01
Foreign Stock Investment (CAD Million) 14830.00 13059 17316 13348 13223 6835
Private Debt to GDP (%) 284.40 300 300 300 300 300

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (CAD Million) 4051.60 3616 3138 2812 2552 2127
Current Account (CAD Million) 2690.00 1821 623 1230 -3750 550
Current Account to GDP (% of GDP) 0.10 1 -0.2 -0.2 -0.2 -0.2
Imports (CAD Million) 64198.40 61250 60778 60414 60122 59879
Exports (CAD Million) 68250.00 64388 63590 62966 62449 62006
External Debt (CAD Million) 3239745.00 3000000 3000000 3000000 3000000 3250000
Capital Flows (CAD Million) -435.00 1200 1200 1200 1200 800
Foreign Direct Investment (CAD Million) 24852.00 15900 15900 15900 15900 15900
Gold Reserves (Tonnes) 0.00 3 3 3 3 3
Crude Oil Production (BBL/D/1K) 4290.00 4650 4700 4700 4700 4750
Tourist Arrivals 761360.00 1000000 1000000 1000000 1000000 1200000

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 117.80 102 99 99 99 99
Government Budget (% of GDP) -4.70 -2.1 -0.9 -0.9 -0.9 -0.9
Government Budget Value (CAD Million) -3870.00 15288 7441 8457 7436 15568
Government Spending (CAD Million) 455909.00 461849 461270 461952 461836 470495
Government Revenues (CAD Million) 35238.00 44487 42651 37227 36174 45500
Fiscal Expenditure (CAD Million) 35124.00 29199 35210 28770 28738 29931
Government Debt (CAD Billion) 1048.75 850 700 700 700 700
Military Expenditure (USD Million) 22854.00 22000 22000 22000 22000 22400

Taxes Actual Q4 Q1 Q2 Q3 2023
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 2023
Business Confidence (points) 60.90 53 51 56 58 60
Manufacturing PMI (points) 48.70 47 45 50 52 53
Industrial Production (%) 4.16 3.5 2.5 1.5 0.3 1
Industrial Production Mom (%) 0.17 0.5 0.5 0.5 0.5 0.5
Manufacturing Production (%) 3.50 1.5 1.5 1.5 1.5 1.5
Capacity Utilization (%) 83.80 84.5 84.5 84.5 84.5 84.5
New Orders (CAD THO) 71632082.00 59352952 59352952 59352952 59352952 60408525
Bankruptcies (Companies) 186.00 220 220 220 220 220
Corporate Profits (CAD Million) 140919.00 94100 92000 92000 92000 92000
Car Registrations (Units) 135177.00 90934 133103 157144 144417 91000
Small Business Sentiment (points) 52.50 51 50 53 55 54
Wholesale Sales (%) 0.80 0.1 0.3 0.8 1.1 1.5
Mining Production (%) 7.15 3 3 3 3 3
Manufacturing Sales (%) -1.80 -0.9 -0.3 1.5 2 1

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) 50.14 49 45 50 53 55
Retail Sales MoM (%) -2.50 -0.8 0.3 0.3 0.7 0.5
Retail Sales YoY (%) 8.00 3.5 -1.1 -0.5 2.2 2
Retail Sales Ex Autos (%) -3.10 0.9 -0.5 0.3 1.1 0.5
Consumer Spending (CAD Million) 1230930.00 1219623 1216698 1223210 1246932 1241032
Disposable Personal Income (CAD Million) 1519492.00 1520228 1520228 1520228 1520228 1600228
Personal Savings (%) 6.20 4 4 4 4 4
Consumer Credit (CAD Million) 718124.00 717999 717038 715053 723834 731379
Bank Lending Rate (%) 4.70 4.7 5.45 5.45 5.45 4.95
Households Debt to GDP (% of GDP) 105.64 113 113 113 113 122
Households Debt to Income (%) 181.65 173 173 173 173 173
Gasoline Prices (USD/Liter) 1.26 1.31 1.36 1.41 1.46 1.46

Housing Actual Q4 Q1 Q2 Q3 2023
Building Permits (CAD Thousand) 11167521.00 11114097 11142958 11174072 11207025 11241508
Housing Starts (Thousand units) 267.44 244 248 242 228 200
Housing Index (points) 126.10 125 125 125 125 130
Home Ownership Rate (%) 68.55 64 64 64 64 64