Canada | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.60 0.3 0.2 0.6 0.5 0.5 percent [+]
Unemployment Rate 7.20 7 7.1 7 7.2 6.7 percent [+]
Inflation Rate 1.60 1 1.2 1.2 1.4 2.1 percent [+]
Interest Rate 0.50 0.25 0.25 0.25 0.25 2 percent [+]
Balance of Trade -584.90 -1029 -991 -2495 -1998 -1585 CAD Million [+]
Government Debt to GDP 86.51 86.53 86.95 87.37 87.79 89.53 percent [+]
Markets Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Currency 1.39 1.42 1.45 1.47 1.48 1.13 [+]
Stock Market 12733.38 12100 11700 11300 11100 15400 points [+]
Government Bond 10Y 1.13 1.38 1.42 1.49 1.55 2.03 percent [+]
GDP Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.60 0.3 0.2 0.6 0.5 0.5 percent [+]
GDP Annual Growth Rate 1.20 0.9 1.1 1 1.5 1.2 percent [+]
GDP Growth Annualized 2.30 1.6 1.7 1.8 1.9 2.3 percent [+]
GDP 1785.39 1886 1900 1926 1929 2165 USD Billion [+]
GDP Constant Prices 1773166.00 1794954 1750014 1811075 1819560 1956383 CAD Million [+]
Gross National Product 1967628.00 2007451 2022021 2034630 2047143 2265096 CAD Million [+]
Gross Fixed Capital Formation 394071.00 396321 401997 402178 398118 405279 CAD Million [+]
GDP per capita 38293.28 38864 38873 38881 38547 40864 USD [+]
GDP per capita PPP 42816.51 42824 42963 43102 43241 46310 USD [+]
GDP From Agriculture 27084.00 28169 28338 28385 28397 28402 CAD Million [+]
GDP From Construction 120401.00 121892 122316 122539 122647 122743 CAD Million [+]
GDP From Manufacturing 172134.00 171105 170828 170715 170668 170634 CAD Million [+]
GDP From Mining 130539.00 129209 128977 128925 128910 130004 CAD Million [+]
GDP From Public Administration 106480.00 105182 104264 103395 102574 108384 CAD Million [+]
GDP From Services 1161355.00 1167452 1172185 1176912 1181631 1256268 CAD Million [+]
GDP From Transport 71529.00 71846 72158 72478 72797 77897 CAD Million [+]
GDP From Utilities 37510.00 37123 37063 37051 37048 39730 CAD Million [+]
Labour Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Unemployment Rate 7.20 7 7.1 7 7.2 6.7 percent [+]
Employed Persons 18005.20 18015 18026 18035 18041 18067 Thousand [+]
Unemployed Persons 1390.30 1399 1409 1415 1418 1422 Thousand [+]
Part Time Employment -11.30 6.78 3.32 3.59 3.63 3.63 Thousand [+]
Full Time Employment 5.60 12.71 12.1 12 12.08 12.19 Thousand [+]
Employment Change -5.70 6.31 12.95 14.4 15.45 16.47 Thousand [+]
Labor Force Participation Rate 65.90 65.9 65.9 65.9 65.9 65.9 percent [+]
Youth Unemployment Rate 13.00 12.9 12.87 12.85 12.83 12.81 percent [+]
Labour Costs 114.61 115 115 115 115 116 Index Points [+]
Productivity 106.21 107 107 107 107 111 Index Points [+]
Wages 23.75 23.9 24.01 24.18 24.3 25.53 CAD/Hour [+]
Wages in Manufacturing 24.69 24.4 24.49 24.58 24.68 26.23 CAD/Hour [+]
Minimum Wages 11.25 11.25 11.25 11.25 11.25 12 CAD/Hour [+]
Population 35.67 35.81 35.89 35.97 36.05 37.6 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Non Farm Payrolls 15775.50 15828 15867 15905 15944 16539 Thousand [+]
Employment Rate 61.20 61.18 61.17 61.16 61.16 61.15 percent [+]
Prices Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Inflation Rate 1.60 1 1.2 1.2 1.4 2.1 percent [+]
Inflation Rate Mom -0.50 -0.1 0.1 0.5 0.06 0.2 percent [+]
Consumer Price Index CPI 126.50 127 127 129 128 134 Index Points [+]
Core Consumer Prices 126.80 127 128 129 129 138 Index Points [+]
Core Inflation Rate 1.90 2 2.1 2.2 1.91 2.2 percent [+]
GDP Deflator 112.60 113 114 114 115 121 Index Points [+]
Producer Prices 109.80 110 109 110 110 116 Index Points [+]
Producer Prices Change 1.10 -0.1 0.3 0.4 0.6 1.4 percent [+]
Export Prices 114.80 115 115 115 115 115 Index Points [+]
Import Prices 128.00 129 129 129 129 129 Index Points [+]
Food Inflation 3.70 3.74 3.2 3.74 3.4 3.9 percent [+]
Money Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Interest Rate 0.50 0.25 0.25 0.25 0.25 2 percent [+]
Interbank Rate 0.85 0.53 0.72 0.84 0.86 2.1 percent [+]
Money Supply M0 79083.00 79848 80958 82083 83224 103774 CAD Million [+]
Money Supply M1 814765.00 834037 850305 866911 883856 1205535 CAD Million [+]
Money Supply M2 1375316.00 1401809 1424042 1446440 1469034 1871717 CAD Million [+]
Money Supply M3 2063210.00 2089190 2126681 2164944 2203981 2941013 CAD Million [+]
Central Bank Balance Sheet 100391.00 101630 102008 102075 102086 102090 CAD Million [+]
Banks Balance Sheet 4911652.00 4915989 5020157 5124573 5229316 7135795 CAD Million [+]
Foreign Exchange Reserves 79753.00 79725 79655 79659 79661 79661 USD Million [+]
Loans to Private Sector 327900.00 334121 338748 341124 342387 343784 CAD Million [+]
Deposit Interest Rate 0.55 0.58 0.78 0.78 0.78 2.3 percent [+]
Foreign Stock Investment 2580.00 6976 6606 6577 6574 6574 CAD Million [+]
Trade Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Balance of Trade -584.90 -1029 -991 -2495 -1998 -1585 CAD Million [+]
Exports 45350.50 43917 40818 45616 45626 47476 CAD Million [+]
Imports 45935.40 44043 42973 45684 45682 49790 CAD Million [+]
Current Account -16212.00 -15329 -15059 -14827 -14613 -12217 CAD Million [+]
Current Account to GDP -2.10 -2.2 -2.2 -2.42 -2.41 -2.26 percent [+]
External Debt 612.33 614 610 605 601 559 CAD Billion [+]
Terms of Trade 89.70 89.22 89.15 89.13 89.13 89.13 Index Points [+]
Foreign Direct Investment 31388.00 22701 22580 24650 22911 23423 CAD Million [+]
Capital Flows 0.00 0.07 0.45 0.4 0.42 0.44 CAD Million [+]
Gold Reserves 2.99 2.98 2.98 2.98 2.98 2.98 Tonnes [+]
Crude Oil Production 3581.00 3652 3650 3653 3652 3652 BBL/D/1K [+]
Terrorism Index 2.30 1.96 1.96 1.96 1.96 1.81 [+]
Tourist Arrivals 1510420.00 2129286 2710602 2083416 1969569 2198403 [+]
Government Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Government Debt to GDP 86.51 86.53 86.95 87.37 87.79 89.53 percent [+]
Government Budget -0.30 -0.2 -0.3 -0.49 -0.98 -1.35 percent of GDP [+]
Government Budget Value 392.00 -270 -116 -1193 -151 -152 CAD Million [+]
Government Spending 342624.00 344308 345141 345970 346793 359283 CAD Million [+]
Government Revenues 23874.00 21757 21570 23527 23526 23523 CAD Million [+]
Fiscal Expenditure 21540.00 21340 21294 21353 21353 21353 CAD Million [+]
Credit Rating 98.50 [+]
Asylum Applications 1384.00 1384 1384 1384 1384 1384 Persons [+]
Business Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Business Confidence 66.00 52.63 51.62 56.12 56.26 65.4 [+]
Manufacturing PMI 49.30 49.29 50.95 51.76 50.27 51 [+]
Industrial Production -2.80 -1.09 1.56 2.9 0.4 0.73 percent [+]
Industrial Production Mom -2.15 -0.4 0.1 0.3 0.1 0.5 percent [+]
Manufacturing Production -0.86 -0.9 1.46 2.17 1.3 3.1 percent [+]
Capacity Utilization 82.00 82.83 82.88 82.75 82.65 82.66 percent [+]
New Orders 50521637.00 50190783 50091344 50119784 50109364 50112154 CAD THO [+]
Changes in Inventories 740.00 2671 3671 4649 5291 5986 CAD Million [+]
Bankruptcies 283.00 325 277 248 271 270 Companies [+]
Corporate Profits 48044.00 63066 60073 50742 51578 51471 CAD Million [+]
Car Registrations 148074.00 160311 164932 158864 159726 160466 Thousand [+]
Leading Economic Index 0.30 0.08 0.11 0.12 0.12 0.12 percent [+]
Mining Production -8.24 -0.2 1.2 0.7 -8.19 1.7 percent [+]
Competitiveness Index 5.31 5.31 5.31 5.31 5.31 5.32 Points [+]
Competitiveness Rank 13.00 13 13 13 13 12 [+]
Ease of Doing Business 14.00 15 15 15 15 16 [+]
Corruption Index 83.00 83 83 83 83 85 Points [+]
Corruption Rank 9.00 11 11 11 11 9 [+]
Consumer Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Consumer Confidence 84.40 82.68 82.43 85.96 82.4 82.54 [+]
Retail Sales MoM 1.70 0.37 0.4 0.1 0.3 0.3 percent [+]
Retail Sales YoY 3.20 3.58 2.44 3.98 4.07 4.23 percent [+]
Retail Sales Ex Autos 1.10 0.1 0.2 0.4 0.26 0.3 Percent [+]
Consumer Spending 1001582.00 1001690 10017582 1011582 1027633 1101582 CAD Million [+]
Disposable Personal Income 1121196.00 1176088 1185699 1195378 1205125 1370840 CAD Million [+]
Personal Savings 4.20 4 4.2 4.1 4.32 5 percent [+]
Consumer Credit 548399.00 558455 564512 569527 573703 593451 CAD Million [+]
Private Sector Credit 3628350.00 3708172 3758111 3808405 3858686 4642170 CAD Million [+]
Bank Lending Rate 2.70 2.7 2.85 2.9 2.7 3.7 percent [+]
Gasoline Prices 0.65 0.6 0.6 0.62 0.62 0.62 USD/Liter [+]
Households Debt To Gdp 94.90 96.59 97.18 97.36 97.79 99.01 percent of GDP [+]
Households Debt To Income 165.92 165 166 167 167 169 percent [+]
Housing Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Building Permits 6234700.00 6090826 6001182 7006187 7003488 7004294 CAD Thousand [+]
Housing Starts 173.00 185 186 188 188 189 Thousand [+]
Housing Index 114.00 115 115 116 116 118 Index Points [+]
Home Ownership Rate 67.60 67.6 67.6 67.6 67.6 67.6 percent [+]
Taxes Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Corporate Tax Rate 26.50 26.5 26.5 26.5 26.5 26.5 percent [+]
Personal Income Tax Rate 29.00 29 29 29 29 29 percent [+]
Sales Tax Rate 5.00 5 5 5 5 5 percent [+]
Social Security Rate 14.41 14.41 14.41 14.41 14.41 14.41 percent [+]
Social Security Rate For Companies 7.58 7.58 7.58 7.58 7.58 7.58 percent [+]
Social Security Rate For Employees 6.83 6.83 6.83 6.83 6.83 6.83 percent [+]





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. 2/6/2016