Canada | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.60 0.1 0.6 0.5 0.5 0.6 percent [+]
Unemployment Rate 6.90 7.1 7.2 7.1 7.2 6.7 percent [+]
Inflation Rate 1.50 1.7 1.9 2.1 2.1 2.9 percent [+]
Interest Rate 0.50 0.5 0.5 0.25 0.25 2 percent [+]
Balance of Trade -2936.70 -2808 -1495 -1998 -1998 -1585 CAD Million [+]
Government Debt to GDP 91.50 87.3 87.5 87.7 87.7 89.3 percent [+]
MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 1.31 1.3 1.32 1.33 1.34 1.55 [+]
Stock Market 13671.00 14100 13900 13800 13600 11400 points [+]
Government Bond 10Y 1.08 1.19 1.2 1.22 1.23 1.42 percent [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.60 0.1 0.6 0.5 0.5 0.6 percent [+]
GDP Annual Growth Rate 1.10 0.9 1.2 1.4 1.2 2 percent [+]
GDP Growth Annualized 2.40 1 2.2 2.3 1.9 2.3 percent [+]
GDP 1785.39 1900 1926 1929 1929 2165 USD Billion [+]
GDP Constant Prices 1782972.00 1780014 1802066 1810227 1818280 1940865 CAD Million [+]
Gross National Product 1970512.00 1975358 1986491 2001102 2015638 2202179 CAD Million [+]
Gross Fixed Capital Formation 379005.00 401997 402178 380922 381742 425279 CAD Million [+]
GDP per capita 38293.28 38873 38881 38575 38637 39526 USD [+]
GDP per capita PPP 42816.51 42571 42736 42902 42991 44204 USD [+]
GDP From Agriculture 26227.00 26082 26101 26176 26239 30467 CAD Million [+]
GDP From Construction 115733.00 114320 113542 113336 113231 120352 CAD Million [+]
GDP From Manufacturing 174824.00 174973 174896 174817 174771 179945 CAD Million [+]
GDP From Mining 132525.00 133496 133236 133218 133225 135558 CAD Million [+]
GDP From Public Administration 107577.00 107204 106965 106730 106502 111384 CAD Million [+]
GDP From Services 1174481.00 1179710 1184999 1190280 1195557 1333294 CAD Million [+]
GDP From Transport 73157.00 74692 75395 76064 76605 82173 CAD Million [+]
GDP From Utilities 37629.00 37706 37725 37728 37729 39163 CAD Million [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 6.90 7.1 7.2 7.1 7.2 6.7 percent [+]
Employed Persons 18055.20 18062 18084 18101 18115 18124 Thousand [+]
Unemployed Persons 1346.50 1381 1379 1377 1319 1313 Thousand [+]
Part Time Employment -46.80 18.44 2.62 3.92 3.58 3.63 Thousand [+]
Full Time Employment 60.50 8.88 19.11 14.22 13.01 12.01 Thousand [+]
Employment Change 13.80 12.23 14.9 15.49 15.99 16.45 Thousand [+]
Labor Force Participation Rate 65.70 65.9 66 66.1 66 67 percent [+]
Youth Unemployment Rate 13.30 13.5 13.7 13.6 13.2 11.8 percent [+]
Labour Costs 115.83 116 117 117 117 123 Index Points [+]
Productivity 106.33 107 106 107 107 111 Index Points [+]
Wages 24.12 23.76 23.76 23.75 23.75 25.53 CAD/Hour [+]
Wages in Manufacturing 24.86 24.69 24.69 24.68 24.66 26.23 CAD/Hour [+]
Minimum Wages 11.25 11.25 11.25 11.25 11.25 13 CAD/Hour [+]
Population 35.99 36.1 36.14 36.19 36.26 37.21 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Job Vacancies 352610.00 347144 346396 346626 346555 346572 [+]
Non Farm Payrolls 15869.80 15872 15886 15930 16050 16770 Thousand [+]
Employment Rate 61.10 61.1 61 61.1 60.9 62.2 percent [+]
PRICES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate 1.50 1.7 1.9 2.1 2.1 2.9 percent [+]
Inflation Rate Mom 0.40 0.2 0.5 0.4 0.4 0.2 percent [+]
Consumer Price Index CPI 128.80 128 130 131 131 152 Index Points [+]
Core Consumer Prices 128.20 128 130 131 131 154 Index Points [+]
Core Inflation Rate 2.10 2.1 2.2 2 2 2.9 percent [+]
GDP Deflator 112.10 112 113 113 113 118 Index Points [+]
Producer Prices 107.90 109 110 111 111 120 Index Points [+]
Producer Prices Change -1.60 -1 -0.6 -0.1 0.6 2.1 percent [+]
Export Prices 110.40 110 110 110 110 126 Index Points [+]
Import Prices 125.20 126 125 125 125 139 Index Points [+]
Food Inflation 1.80 3.5 3.3 3.6 3.6 4.4 percent [+]
Cpi Transportation 129.40 124 126 126 121 136 Index Points [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate 0.50 0.5 0.5 0.25 0.25 2 percent [+]
Interbank Rate 0.87 0.9 0.8 0.8 0.8 2.1 percent [+]
Money Supply M0 81326.00 81879 83065 84268 85488 106014 CAD Million [+]
Money Supply M1 836286.00 846884 863340 880153 897323 1200231 CAD Million [+]
Money Supply M2 1412045.00 1426369 1450455 1474685 1499092 1901626 CAD Million [+]
Money Supply M3 2118028.00 2135831 2174632 2214251 2254687 2964354 CAD Million [+]
Central Bank Balance Sheet 100743.00 100770 101733 102716 102716 127321 CAD Million [+]
Banks Balance Sheet 4908522.00 5136916 5244239 5141130 5456752 7209237 CAD Million [+]
Foreign Exchange Reserves 84298.00 84284 84179 84182 84182 84182 USD Million [+]
Loans to Private Sector 324676.00 319346 352420 355469 311512 382863 CAD Million [+]
Deposit Interest Rate 0.10 0.3 0.3 0.3 0.3 1.5 percent [+]
Foreign Stock Investment 15520.00 6955 9312 8842 8892 8886 CAD Million [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade -2936.70 -2808 -1495 -1998 -1998 -1585 CAD Million [+]
Exports 41810.30 40818 41068 40991 40972 47476 CAD Million [+]
Imports 44747.00 42973 44311 44230 44195 49790 CAD Million [+]
Current Account -16800.00 -16530 -16148 -15922 -15694 -13052 CAD Million [+]
Current Account to GDP -3.30 -2.9 -2.9 -2.9 -2.9 -1.7 percent [+]
External Debt 612.33 616 616 618 618 628 CAD Billion [+]
Terms of Trade 88.20 88.26 88.35 88.36 88.37 94.74 Index Points [+]
Foreign Direct Investment 7180.00 16390 17567 13312 13758 14444 CAD Million [+]
Capital Flows -53.00 -5 -4 -6 -4.58 -8 CAD Million [+]
Gold Reserves 1.70 0 0 0 0 0 Tonnes [+]
Crude Oil Production 3797.00 3802 3788 3803 3792 3796 BBL/D/1K [+]
Weapons Sales 312.00 315 332 349 339 323 USD Million [+]
Terrorism Index 2.30 2.3 2.3 2.3 2.3 2.3 [+]
Tourist Arrivals 1846529.00 2375497 2374047 1999164 2103756 2163709 [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 91.50 87.3 87.5 87.7 87.7 89.3 percent [+]
Government Budget 0.10 0.2 0.2 0.2 0.2 -0.7 percent of GDP [+]
Government Budget Value -9436.00 116 1193 108 -640 -312 CAD Million [+]
Government Spending 347887.00 348887 349881 350870 351854 366021 CAD Million [+]
Government Revenues 24105.00 21570 24383 24395 24358 24355 CAD Million [+]
Fiscal Expenditure 31489.00 21294 22964 22951 22955 22957 CAD Million [+]
Military Expenditure 17209.90 17255 17158 17061 17097 17139 USD Million [+]
Asylum Applications 1384.00 1384 1384 1384 1384 1384 Persons [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Business Confidence 49.40 51.62 54.1 53.39 53.39 62.4 [+]
Manufacturing PMI 52.10 50.95 51.76 50.27 50.27 51 [+]
Industrial Production -0.84 1.8 1.6 1.1 0.4 0.73 percent [+]
Industrial Production Mom -1.12 0.1 0.3 0.07 0.09 0.5 percent [+]
Manufacturing Production 0.37 1.46 2.17 1.3 1.3 3.1 percent [+]
Capacity Utilization 81.40 80.7 80.8 80.5 80.5 83 percent [+]
New Orders 50962678.00 49835070 49933673 49997934 49974566 49979981 CAD THO [+]
Changes in Inventories -6904.00 -3923 -1142 1192 2916 4819 CAD Million [+]
Bankruptcies 293.00 245 227 234 244 244 Companies [+]
Corporate Profits 61698.00 60073 50277 55336 54041 70063 CAD Million [+]
Car Registrations 203257.00 189165 146512 159511 167648 161903 Thousand [+]
Leading Economic Index -0.20 0.05 0.1 0.12 0.12 0.12 percent [+]
Mining Production 0.13 1.2 0.7 0.18 0.18 1.7 percent [+]
Steel Production 1140.00 1122 1102 1092 1086 1079 Thousand Tonnes [+]
Competitiveness Index 5.31 5.31 5.31 5.31 5.31 5.47 Points [+]
Competitiveness Rank 13.00 13 13 13 13 9 [+]
Corruption Index 83.00 83 83 83 83 87 Points [+]
Corruption Rank 9.00 9 9 9 9 5 [+]
Ease of Doing Business 14.00 14 14 14 14 10 [+]
CONSUMER Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Consumer Confidence 84.40 77 76 75 75 89 [+]
Retail Sales MoM 0.90 0.4 0.1 0.3 0.3 0.3 percent [+]
Retail Sales YoY 4.60 2.44 4.28 4.29 4.29 4.3 percent [+]
Retail Sales Ex Autos 1.30 0.2 0.4 0.3 0.26 0.3 percent [+]
Consumer Spending 1011970.00 10117582 1018582 1025811 1030958 1111582 CAD Million [+]
Disposable Personal Income 1132856.00 1138668 1139736 1145131 1151144 1260209 CAD Million [+]
Personal Savings 3.90 4.2 4.1 3.85 3.86 5 percent [+]
Consumer Credit 545526.00 553973 559234 566293 569293 613630 CAD Million [+]
Private Sector Credit 3680746.00 3717575 3758138 3800122 3842606 4470806 CAD Million [+]
Bank Lending Rate 2.70 2.7 2.7 2.7 2.7 3.7 percent [+]
Households Debt To Gdp 97.60 99.55 100 101 101 104 percent of GDP [+]
Households Debt To Income 167.46 168 169 170 170 178 percent [+]
Gasoline Prices 0.83 0.75 0.72 0.71 0.58 1.15 USD/Liter [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Building Permits 6893322.00 6001182 6917829 6914116 6912935 6912321 CAD Thousand [+]
Housing Starts 188.51 190 191 192 192 192 Thousand [+]
Housing Index 114.90 115 116 116 116 125 Index Points [+]
Home Ownership Rate 66.50 66 66 66 66.91 63 percent [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 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. 6/27/2016