Markets Actual Q2 Q3 Q4 Q1 2022
Stock Market (points) 19472.74 19069 18849 18633 18419 17991
Currency 1.21 1.22 1.23 1.23 1.24 1.25
Government Bond 10Y (%) 1.50 1.58 1.64 1.71 1.78 1.93

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 2.30 1.9 2.1 2.7 1 1.7
GDP Annual Growth Rate (%) -3.20 14 6 5.4 3 3.1
GDP Growth Annualized (%) 9.60 3.5 3 3.8 2 2
Unemployment Rate (%) 8.10 8 7.9 7.5 7.1 6.7
Inflation Rate (%) 2.20 2.1 2.7 2.7 2.1 1.5
Inflation Rate Mom (%) 0.50 0.3 0.3 0.2 0.1 0.1
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Balance of Trade (CAD Million) -1140.20 -1200 -1100 3200 -500 200
Current Account (CAD Million) -7261.00 -13500 -14200 -15800 -14000 -15600
Current Account to GDP (%) -1.90 -2.4 -2.4 -2.4 -2.4 -2.2
Government Debt to GDP (%) 88.60 115 115 115 115 114
Government Budget (% of GDP) -15.90 -13.5 -13.5 -13.5 -13.5 -10.5
Business Confidence (points) 60.60 56 57 57.7 55 58
Manufacturing PMI (points) 57.20 54 53.5 53 52 53
Consumer Confidence (points) 52.41 51.9 52.5 53 52 55
Retail Sales MoM (%) 4.80 0.7 0.7 0.4 0.4 0.4
Building Permits (CAD Thousand) 10902853.00 9200000 8830000 8250000 8250000 8350000
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 Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 2.30 1.9 2.1 2.7 1 1.7
GDP Annual Growth Rate (%) -3.20 14 6 5.4 3 3.1
GDP Growth Annualized (%) 9.60 3.5 3 3.8 2 2
GDP (USD Billion) 1736.43 1670 1670 1670 1670 1740
GDP Constant Prices (CAD Million) 2045925.00 2093279 2119419 2156405 2107303 2223254
Gross National Product (CAD Million) 2275416.00 2252731 2337542 2398288 2343678 2472635
Gross Fixed Capital Formation (CAD Million) 447012.00 434852 463093 471151 460422 485756
GDP per capita (USD) 51588.80 51100 51100 51100 51100 51600
GDP per capita PPP (USD) 49031.38 48050 48050 48050 48050 48870
GDP From Agriculture (CAD Million) 48901.00 52180 48517 51125 49787 52710
GDP From Construction (CAD Million) 145830.00 159671 146268 148614 147235 153221
GDP From Manufacturing (CAD Million) 187983.00 198835 196580 196760 195916 202859
GDP From Mining (CAD Million) 149385.00 151468 147197 157557 158057 162441
GDP From Public Administration (CAD Million) 134168.00 146387 140402 141817 138015 146213
GDP From Services (CAD Million) 1383947.00 1469932 1433325 1443158 1415938 1487896
GDP From Transport (CAD Million) 70669.00 75059 73662 76330 74103 78696
GDP From Utilities (CAD Million) 41732.00 48178 43903 43608 42285 44960

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 8.10 8 7.9 7.5 7.1 6.7
Employed Persons (Thousand ) 18627.20 18700 18900 19000 19000 19100
Unemployed Persons (Thousand ) 1640.30 1580 1550 1480 1400 1180
Part Time Employment (Thousand) -77.80 150 200 100 200 80
Full Time Employment (Thousand) -129.40 30 50 20 20 20
Employment Change (Thousand) -207.10 50 70 70 70 23
Labor Force Participation Rate (%) 64.90 65.4 65.5 65.6 65.2 65.6
Youth Unemployment Rate (%) 16.10 15.8 15.5 15.5 14 13.5
Labour Costs (points) 115.01 116 120 117 119 123
Productivity (points) 112.08 122 122 122 125 123
Wages (CAD/Hour) 28.02 27.75 28.09 28 28.4 29.39
Wages in Manufacturing (CAD/Hour) 28.17 27.43 27.04 28.95 29.3 30.33
Minimum Wages (CAD/Hour) 14.25 14.25 14.25 14.5 14.5 15
Population (Million) 37.78 38.01 38.01 38.36 38.36 38.71
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Adp Employment Change (Thousand) 634.80 90 85 40 100 55
Average Hourly Earnings (CAD) 30.75 31.2 31.3 31.4 31.5 31.6
Employment Rate (%) 60.30 60.4 60.7 60.9 61 60.9
Job Vacancies 560215.00 565000 570000 570000 575000 580000
Non Farm Payrolls (Thousand) 15980.00 16900 17000 17100 18400 17800
Wage Growth (%) 9.00 3.5 3.3 3.5 3 3.5

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2.20 2.1 2.7 2.7 2.1 1.5
Inflation Rate Mom (%) 0.50 0.3 0.3 0.2 0.1 0.1
Consumer Price Index CPI (points) 139.60 140 141 141 143 143
Core Consumer Prices (points) 137.50 139 140 141 142 144
Core Inflation Rate (%) 1.40 2.3 3.1 3.5 3 2
GDP Deflator (points) 112.80 111 115 116 115 118
Producer Prices (points) 108.80 102 103 133 111 106
Producer Prices Change (%) 10.00 4.1 2.3 1.5 1.8 2
Export Prices (points) 116.50 110 110 109 109 110
Import Prices (points) 122.50 123 122 122 122 122
Food Inflation (%) 1.80 1.6 1.8 1.8 2 2.1
CPI Housing Utilities (points) 150.00 149 151 153 153 155
CPI Transportation (points) 148.80 146 144 146 152 148
Wholesale Prices (points) 115.30 95 98 99 102 103

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Interbank Rate (%) 0.44 0.44 0.44 2.52 0.44 0.44
Money Supply M1 (CAD Million) 1444393.00 1400000 1353000 1300000 1250000 1250000
Money Supply M2 (CAD Million) 2177359.00 2205000 2155000 2000000 1900000 1900000
Foreign Exchange Reserves (USD Million) 83375.00 89700 89000 88600 89000 87500
Banks Balance Sheet (CAD Million) 483941.00 490700 505000 495000 490000 490000
Central Bank Balance Sheet (CAD Million) 552386.00 560000 550100 548000 520000 497000
Loans to Private Sector (CAD Million) 483941.00 490000 480000 465000 450000 460000
Deposit Interest Rate (%) 0.16 0.16 0.16 0.6 0.16 0.16
Foreign Stock Investment (CAD Million) 8520.00 -1500 800 2300 2300 7500
Private Debt to GDP (%) 263.10 266 266 260 260 264

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (CAD Million) -1140.20 -1200 -1100 3200 -500 200
Current Account (CAD Million) -7261.00 -13500 -14200 -15800 -14000 -15600
Current Account to GDP (%) -1.90 -2.4 -2.4 -2.4 -2.4 -2.2
Imports (CAD Million) 51757.80 50100 50500 51300 50000 51000
Exports (CAD Million) 50617.60 49000 49700 50800 51000 51200
External Debt (CAD Million) 3147435.00 3320000 3330000 3360000 3360000 3450000
Capital Flows (CAD Million) 0.00 10 15 15 15 -5
Foreign Direct Investment (CAD Million) 2482.00 10000 12230 14300 14000 15900
Gold Reserves (Tonnes) 0.00 4 4 4 4 4
Crude Oil Production (BBL/D/1K) 4671.00 4800 4800 4900 5000 4900
Tourist Arrivals 101655.00 240000 400000 600000 800000 1400000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 88.60 115 115 115 115 114
Government Budget (% of GDP) -15.90 -13.5 -13.5 -13.5 -13.5 -10.5
Government Budget Value (CAD Million) -14370.00 1000 -1100 1300 -15000 1500
Government Spending (CAD Million) 427753.00 462037 446685 450852 440586 464828
Government Revenues (CAD Million) 28083.00 26300 26700 27000 27000 27900
Fiscal Expenditure (CAD Million) 48092.00 49500 48400 47200 47200 28000
Government Debt (CAD Billion) 721.36 820 820 820 820 790
Military Expenditure (USD Million) 22279.00 21600 21600 21600 22000 22000

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

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 60.60 56 57 57.7 55 58
Manufacturing PMI (points) 57.20 54 53.5 53 52 53
Industrial Production (%) -1.92 10 3.5 2.3 2 2.3
Industrial Production Mom (%) 1.70 0.5 0.4 0.6 0.6 0.5
Manufacturing Production (%) -1.25 10.5 5.5 2.1 2.1 1.5
Capacity Utilization (%) 79.20 82 83 84 83 83.5
New Orders (CAD THO) 54410588.00 54100000 54900000 55200000 55200000 55200000
Bankruptcies (Companies) 157.00 177 230 230 210 220
Corporate Profits (CAD Million) 82529.00 82100 83500 85000 86000 90100
Car Registrations (Units) 118542.00 162000 175000 125000 180000 128000
Leading Economic Index (%) 0.40 0.5 0.6 0.4 0.4 0.3
Manufacturing Sales (%) 3.50 1.5 2.5 1.4 1.7 2
Mining Production (%) -2.34 18 6.5 3.5 3.5 3.5
Wholesale Sales (%) 0.90 1 1.2 1 2 1.5

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 52.41 51.9 52.5 53 52 55
Retail Sales MoM (%) 4.80 0.7 0.7 0.4 0.4 0.4
Retail Sales YoY (%) 6.00 5.5 3.5 3 3 3.5
Retail Sales Ex Autos (%) 4.80 0.5 0.4 0.4 0.4 0.4
Consumer Spending (CAD Million) 1135859.00 1146618 1205344 1197195 1169935 1234308
Disposable Personal Income (CAD Million) 1397720.00 1353950 1371225 1381930 1370000 1450228
Personal Savings (%) 12.70 8.5 7.9 7.1 6 4
Consumer Credit (CAD Million) 785809.00 889124 837166 833586 809329 859428
Private Sector Credit (CAD Million) 4638279.00 4615000 4614000 4613000 4613000 4610000
Bank Lending Rate (%) 2.45 2.45 2.45 4.45 2.45 2.45
Gasoline Prices (USD/Liter) 1.06 0.85 0.8 0.8 0.73 0.69
Households Debt To GDP (% of GDP) 112.62 115 116 116 117 118
Households Debt To Income (%) 169.87 171 171 172 172 173

Housing Actual Q2 Q3 Q4 Q1 2022
Building Permits (CAD Thousand) 10902853.00 9200000 8830000 8250000 8250000 8350000
Housing Starts (Thousand units) 335.20 250 230 220 220 220
Housing Index (points) 112.30 112 112 113 114 115
Home Ownership Rate (%) 68.55 63 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.