Markets Actual Q4 Q1 Q2 Q3 2023
Stock Market (points) 19980.91 19554 19013 18486 17974 16992
Currency 1.34 1.34 1.36 1.38 1.4 1.44
Government Bond 10Y (%) 3.13 3.28 3.4 3.54 3.68 3.97

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 0.80 0.1 -0.3 0.9 1.1 1.5
GDP Annual Growth Rate (%) 4.60 1.8 1.3 0.8 1 1.1
GDP Growth Annualized (%) 3.30 0.6 -0.2 0.7 0.9 1
Unemployment Rate (%) 5.20 5.5 5.8 6.1 6.3 6.5
Inflation Rate (%) 6.90 6.4 5.3 3.3 3.1 2.5
Inflation Rate MoM (%) 0.70 0.3 0.3 0.2 0.2 0.2
Interest Rate (%) 3.75 4 4.25 4.25 4 4
Balance of Trade (CAD Million) 1138.30 3138 2812 2552 2327 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) 112.80 102 99 99 99 99
Government Budget (% of GDP) -4.70 -2.1 -0.9 -0.9 -0.9 -0.9
Business Confidence (points) 50.10 49 47 50 53 55
Manufacturing PMI (points) 48.80 47 45 50 52 55
Consumer Confidence (points) 46.62 49 45 50 53 55
Retail Sales MoM (%) 0.70 -0.8 0.3 0.3 0.7 0.5
Building Permits (CAD Thousand) 10217502.00 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 0.1 -0.3 0.9 1.1 1.5
GDP Annual Growth Rate (%) 4.60 1.8 1.3 0.8 1 1.1
GDP Growth Annualized (%) 3.30 0.6 -0.2 0.7 0.9 1
GDP (USD Billion) 1990.76 1740 1740 1740 1740 1740
GDP Constant Prices (CAD Million) 2158242.00 2162954 2168795 2175508 2179824 2186746
Gross National Product (CAD Million) 2789972.00 2630365 2711935 2812292 2817872 2659299
Gross Fixed Capital Formation (CAD Million) 458659.00 470453 480504 462328 463246 475628
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 (%) 0.10 -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) 46653.00 41334 42165 43844 47120 41789
GDP from Construction (CAD Million) 149580.00 150819 156151 151496 151076 152478
GDP from Manufacturing (CAD Million) 192413.00 195139 198973 195560 194337 197286
GDP from Mining (CAD Million) 161511.00 155793 157164 161206 163126 157506
GDP from Public Administration (CAD Million) 143005.00 141572 142614 142775 144435 143130
GDP from Services (CAD Million) 1468932.00 1467552 1474932 1476364 1483621 1483695
GDP from Transport (CAD Million) 80131.00 77807 78775 81353 80932 78663
GDP from Utilities (CAD Million) 43716.00 42793 42814 42767 44153 43263

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 5.20 5.5 5.8 6.1 6.3 6.5
Employed Persons (Thousand ) 19656.20 19204 19254 19254 19254 19406
Unemployed Persons (Thousand ) 1073.40 1280 1210 1210 1210 1280
Part Time Employment (Thousand) -11.00 -80 -50 40 70 50
Full Time Employment (Thousand) 119.30 -10 -79 -82 40 85
Employment Change (Thousand) 108.30 -90 -130 -40 110 135
Labor Force Participation Rate (%) 64.90 64.7 64.3 64.5 64.9 65.2
Youth Unemployment Rate (%) 10.60 11 11 11 11 12
Labour Costs (points) 126.64 124 127 128 128 127
Productivity (points) 106.98 108 108 108 108 109
Wages (CAD/Hour) 28.38 29.23 29.18 28.9 28.66 29.81
Wages in Manufacturing (CAD/Hour) 29.31 29.45 29.48 29.45 29.6 30.04
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 (%) 3.20 4 2 1 1 2
Job Vacancies 1031955.00 580000 580000 580000 580000 580000
Non Farm Payrolls (Thousand) 17578.00 17448 17507 17507 17507 17683
Employment Rate (%) 61.60 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) 32.73 32.7 32.9 33 33.2 33.3

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 6.90 6.4 5.3 3.3 3.1 2.5
Inflation Rate MoM (%) 0.70 0.3 0.3 0.2 0.2 0.2
Consumer Price Index CPI (points) 153.80 153 157 158 157 157
Core Consumer Prices (points) 149.70 150 152 153 153 153
Core Inflation Rate (%) 5.80 5.9 4.7 3.3 2.7 2.1
GDP Deflator (points) 130.30 130 133 135 134 133
Producer Prices (points) 129.50 127 132 134 130 130
Producer Prices Change (%) 10.10 7.8 2.7 2.1 2.7 2
Export Prices (points) 149.10 125 120 120 120 120
Import Prices (points) 147.70 126 120 120 120 130
Food Inflation (%) 10.10 8.1 5.2 3.1 1.5 2
Producer Price Inflation MoM (%) 2.40 0.1 0.1 0.2 0.4 0.4
Wholesale Prices (points) 145.60 144 145 145 146 150
CPI Transportation (points) 170.10 171 171 171 172 172
CPI Housing Utilities (points) 166.20 167 169 169 170 171

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 3.75 4 4.25 4.25 4 4
Interbank Rate (%) 4.67 4.92 5.17 5.17 4.92 4.92
Money Supply M1 (CAD Million) 1583300.00 1613584 1619425 1619425 1619425 1636949
Money Supply M2 (CAD Million) 2374338.00 2363835 2376378 2376378 2376378 2388924
Money Supply M3 (CAD Million) 3371949.00 3201429 3213428 3213428 3213428 3253428
Foreign Exchange Reserves (USD Million) 103776.00 90500 90500 90500 90500 90500
Banks Balance Sheet (CAD Million) 1118500.00 1033151 1044751 1044751 1044751 1057277
Central Bank Balance Sheet (CAD Million) 431863.00 505018 505584 505584 505584 507280
Loans to Private Sector (CAD Million) 603776.00 524632 528025 528025 528025 531984
Deposit Interest Rate (%) 4.31 4.56 4.81 4.81 4.56 4.56
Foreign Stock Investment (CAD Million) -22270.00 13059 17316 13348 13223 6835
Private Debt to GDP (%) 285.30 300 300 300 300 300

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (CAD Million) 1138.30 3138 2812 2552 2327 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) 65228.20 61250 60778 60414 60122 59879
Exports (CAD Million) 66366.50 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) 4566.00 4650 4700 4700 4700 4750
Tourist Arrivals 2814980.00 1000000 1000000 1000000 1000000 1200000

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 112.80 102 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) -2450.00 3867 237 3876 768 3756
Government Spending (CAD Million) 455909.00 461270 461042 459556 460468 466344
Government Revenues (CAD Million) 34081.00 37313 39705 36937 33785 37939
Fiscal Expenditure (CAD Million) 32330.00 33447 35210 33061 33017 34182
Government Debt (CAD Billion) 1134.49 850 700 700 700 700
Military Expenditure (USD Million) 26449.20 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) 50.10 49 47 50 53 55
Manufacturing PMI (points) 48.80 47 45 50 52 55
Industrial Production (%) 3.91 3.5 2.5 1.5 0.3 1
Industrial Production Mom (%) -0.61 0.5 0.5 0.5 0.5 0.5
Manufacturing Production (%) 3.34 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) 72093109.00 59352952 59352952 59352952 59352952 60408525
Bankruptcies (Companies) 206.00 220 220 220 220 220
Corporate Profits (CAD Million) 151695.00 94100 92000 92000 92000 92000
Car Registrations (Units) 138365.00 90934 133103 157144 144417 91000
Small Business Sentiment (points) 51.40 50 48 52 53 55
Wholesale Sales (%) 0.10 0.1 0.3 0.8 1.1 1.5
Mining Production (%) 5.12 3 3 3 3 3
Manufacturing Sales (%) 0.00 -0.9 -0.3 1.5 2 1

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) 46.62 49 45 50 53 55
Retail Sales MoM (%) 0.70 -0.8 0.3 0.3 0.7 0.5
Retail Sales YoY (%) 7.00 3.5 -1.1 -0.5 2.2 2
Retail Sales Ex Autos (%) 0.70 0.9 -0.5 0.3 1.1 0.5
Consumer Spending (CAD Million) 1230930.00 1216698 1220800 1240777 1243239 1230082
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) 726072.00 717038 713644 723704 733333 724926
Bank Lending Rate (%) 5.95 6.2 6.45 6.45 6.2 6.2
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) 1.23 1.28 1.33 1.38 1.44 1.55

Housing Actual Q4 Q1 Q2 Q3 2023
Building Permits (CAD Thousand) 10217502.00 11114097 11142958 11174072 11207025 11241508
Housing Starts (Thousand units) 267.10 244 229 217 203 200
Housing Index (points) 126.00 125 125 125 125 130
Home Ownership Rate (%) 66.50 64 64 64 64 64