Canada | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.90 0.4 0.4 0.5 0.3 0.6 percent [+]
Unemployment Rate 6.80 6.9 7.1 7 7.1 6.7 percent [+]
Inflation Rate 1.50 1.5 1.7 1.8 1.9 2.9 percent [+]
Interest Rate 0.50 0.5 0.5 0.75 0.75 2 percent [+]
Balance of Trade -1130.00 -1400 -2100 -3300 -2600 -2300 CAD Million [+]
Government Debt to GDP 91.50 92.5 93.1 93.1 93.1 90 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.32 1.36 1.38 1.39 1.4 1.62 [+]
Stock Market 15312.20 14700 14600 14400 14300 11900 points [+]
Government Bond 10Y 1.73 1.58 1.59 1.61 1.62 1.87 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.90 0.4 0.4 0.5 0.3 0.6 percent [+]
GDP Annual Growth Rate 1.30 1.2 1.1 1.1 1 1.4 percent [+]
GDP Growth Annualized 3.50 2 1.9 1.8 2.1 2.3 percent [+]
GDP 1550.54 1530 1600 1600 1600 2160 USD Billion [+]
GDP Constant Prices 1798011.00 1806000 1813000 1822000 1828000 1900000 CAD Million [+]
Gross National Product 2007028.00 2027707 2044609 2057105 2068643 2237523 CAD Million [+]
Gross Fixed Capital Formation 384881.00 381000 384000 389000 39100 425000 CAD Million [+]
GDP per capita 50000.56 50900 51300 51300 51300 53000 USD [+]
GDP per capita PPP 42890.88 43100 43250 43250 43250 45280 USD [+]
GDP From Agriculture 28298.00 26854 26961 27072 27271 30500 CAD Million [+]
GDP From Construction 117053.00 119432 120409 121082 121696 120000 CAD Million [+]
GDP From Manufacturing 175400.00 175759 175888 175939 175961 180000 CAD Million [+]
GDP From Mining 136187.00 134914 134980 134952 134953 136000 CAD Million [+]
GDP From Public Administration 107823.00 108183 108260 108343 108420 111000 CAD Million [+]
GDP From Services 1188459.00 1194146 1199946 1205749 1211548 1330000 CAD Million [+]
GDP From Transport 75400.00 75283 75829 76270 76916 82200 CAD Million [+]
GDP From Utilities 38688.00 39324 39278 39267 39266 39200 CAD Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 6.80 6.9 7.1 7 7.1 6.7 percent [+]
Employed Persons 18171.30 18194 18246 18288 18323 18100 Thousand [+]
Unemployed Persons 1326.90 1390 1410 1380 1370 1340 Thousand [+]
Part Time Employment 19.40 -16.39 6.39 4.32 4.46 4.46 Thousand [+]
Full Time Employment -8.70 13.34 7.96 9.72 10.93 11.86 Thousand [+]
Employment Change 10.70 29.1 20.21 18.83 17.76 16.73 Thousand [+]
Labor Force Participation Rate 65.60 65.4 65.6 65.8 66 67 percent [+]
Youth Unemployment Rate 13.00 13.6 13.6 13.6 12.98 11.8 percent [+]
Labour Costs 116.47 117 117 117 117 123 Index Points [+]
Productivity 107.78 107 107 107 107 109 Index Points [+]
Wages 23.73 23.76 23.76 23.75 23.75 25.53 CAD/Hour [+]
Wages in Manufacturing 24.26 24.69 24.69 24.68 24.66 26.23 CAD/Hour [+]
Minimum Wages 11.25 11.25 11.25 11.25 11.25 12 CAD/Hour [+]
Population 35.99 36.23 36.3 36.38 36.46 37.32 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Job Vacancies 328135.00 375651 379497 381522 382589 383775 [+]
Non Farm Payrolls 15955.84 15900 15900 15900 15900 16000 Thousand [+]
Employment Rate 61.20 61.1 61.1 61.1 61.2 62.2 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.50 1.5 1.7 1.8 1.9 2.9 percent [+]
Inflation Rate Mom 0.20 0.3 0.3 0.4 0.2 0.2 percent [+]
Consumer Price Index CPI 129.10 131 132 133 134 152 Index Points [+]
Core Consumer Prices 128.70 130 131 131 132 154 Index Points [+]
Core Inflation Rate 1.70 1.9 1.9 2 2.1 2.2 percent [+]
GDP Deflator 113.10 114 114 114 115 119 Index Points [+]
Producer Prices 111.20 111 111 112 112 120 Index Points [+]
Producer Prices Change 0.80 -0.8 -0.5 -0.1 -0.1 2.1 percent [+]
Export Prices 115.20 116 116 116 116 126 Index Points [+]
Import Prices 128.80 129 130 130 131 139 Index Points [+]
Food Inflation -0.70 -0.5 0.1 1.6 2.4 4.4 percent [+]
Cpi Transportation 129.60 129 129 130 130 136 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.50 0.5 0.5 0.75 0.75 2 percent [+]
Interbank Rate 0.90 0.8 0.8 0.8 0.89 2.1 percent [+]
Money Supply M0 82726.00 83847 85055 86278 87519 105290 CAD Million [+]
Money Supply M1 872891.00 884635 902184 920153 938533 1215753 CAD Million [+]
Money Supply M2 1462238.00 1483512 1509159 1534941 1560904 1927723 CAD Million [+]
Money Supply M3 2193771.00 2240210 2281847 2324304 2367592 3011541 CAD Million [+]
Central Bank Balance Sheet 104138.00 106000 106000 107000 107000 127000 CAD Million [+]
Banks Balance Sheet 5123666.00 5140000 5140000 5140000 5597321 7172761 CAD Million [+]
Foreign Exchange Reserves 83383.00 83353 83377 83381 83381 83381 USD Million [+]
Loans to Private Sector 337432.00 336000 340000 345000 350000 383000 CAD Million [+]
Deposit Interest Rate 0.10 0.2 0.2 0.2 0.2 1.5 percent [+]
Foreign Stock Investment 11773.00 9828 10196 10131 10144 10143 CAD Million [+]
Private Debt to GDP 256.08 262 263 263 261 269 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -1130.00 -1400 -2100 -3300 -2600 -2300 CAD Million [+]
Exports 43576.30 43900 43100 42000 42500 39000 CAD Million [+]
Imports 44706.30 45300 45200 45300 45100 48800 CAD Million [+]
Current Account -18299.00 -18181 -17659 -17145 -16660 -12102 CAD Million [+]
Current Account to GDP -3.30 -2.9 -2.9 -2.9 -3.4 -1.7 percent [+]
External Debt 615.99 616 620 620 620 628 CAD Billion [+]
Terms of Trade 89.40 89.4 89.4 89.41 89.41 94.74 Index Points [+]
Foreign Direct Investment 7030.00 10053 8822 9747 9208 9326 CAD Million [+]
Capital Flows -40.00 -6 -3 -4 -5 -8 CAD Million [+]
Gold Reserves 0.00 2 2 2 2 4 Tonnes [+]
Crude Oil Production 3854.00 3582 3527 3546 3544 3543 BBL/D/1K [+]
Terrorism Index 2.52 2.3 2.3 2.3 2.2 2.3 [+]
Tourist Arrivals 3078069.00 1208917 2221983 2912811 2199054 2326072 [+]
Weapons Sales 312.00 315 332 349 339 323 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 91.50 92.5 93.1 93.1 93.1 90 percent [+]
Government Budget 0.10 -0.2 -0.2 -0.2 -0.2 -0.7 percent of GDP [+]
Government Budget Value -2366.00 -500 -1000 -900 -750 -312 CAD Million [+]
Government Spending 349857.00 350898 351935 352967 353995 366943 CAD Million [+]
Government Revenues 21658.00 23388 23647 23540 23515 23519 CAD Million [+]
Fiscal Expenditure 22239.00 22744 22777 22778 22778 22778 CAD Million [+]
Military Expenditure 17209.90 17255 17158 17061 17097 17139 USD Million [+]
Asylum Applications 1671.00 1651 1643 1648 1648 1648 Persons [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 56.80 55.1 55 55.3 55 52 [+]
Manufacturing PMI 51.50 51.5 51 51.4 52 52 [+]
Industrial Production 3.28 0.4 1.2 1.1 1 0.73 percent [+]
Industrial Production Mom 1.20 -0.1 0.2 0.3 0.1 0.5 percent [+]
Manufacturing Production 1.37 1.2 1.3 1.4 1.2 0.7 percent [+]
Capacity Utilization 81.90 80.5 81 81 81.2 83 percent [+]
New Orders 51306170.00 50859153 50926658 50910391 50917879 50915918 CAD THO [+]
Changes in Inventories 4591.00 5573 6318 6333 6119 5410 CAD Million [+]
Bankruptcies 221.00 247 317 258 256 256 Companies [+]
Corporate Profits 64535.00 62961 60486 61084 60599 70100 CAD Million [+]
Car Registrations 177138.00 162625 166300 168478 166435 166863 [+]
Leading Economic Index 0.34 0.3 0.2 0.1 0.2 0.2 percent [+]
Mining Production 3.62 2.91 -0.1 2.64 0.3 1.3 percent [+]
Steel Production 1035.00 1046 1053 1058 1060 1063 Thousand Tonnes [+]
Competitiveness Index 5.27 5.31 5.34 5.34 5.34 5.47 Points [+]
Competitiveness Rank 15.00 13 12 12 12 9 [+]
Corruption Index 83.00 83 84 84 84 87 Points [+]
Corruption Rank 9.00 9 8 8 8 5 [+]
Ease of Doing Business 22.00 14 14 14 14 10 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 84.40 75 75 75 82.62 89 [+]
Retail Sales MoM 0.60 0.3 0.3 0.3 0.31 0.3 percent [+]
Retail Sales YoY 2.50 3 3.37 3.59 3.73 3.93 percent [+]
Retail Sales Ex Autos 0.00 0.3 0.3 0.2 0.2 0.3 percent [+]
Consumer Spending 1027663.00 1030943 1036015 1041175 1046420 1110000 CAD Million [+]
Disposable Personal Income 1150424.00 1150700 1160000 1162000 1164000 1324308 CAD Million [+]
Personal Savings 4.20 4.18 4.2 4.22 4.21 5 percent [+]
Consumer Credit 561515.00 566000 566000 567000 567000 614000 CAD Million [+]
Private Sector Credit 3784620.00 3858923 3912389 3964520 4016142 4673466 CAD Million [+]
Bank Lending Rate 2.70 2.5 2.5 2.5 2.5 3.7 percent [+]
Households Debt To Gdp 97.90 99.23 99.32 99.71 99.73 101 percent of GDP [+]
Households Debt To Income 169.85 172 172 174 175 184 percent [+]
Gasoline Prices 0.77 0.79 0.79 0.77 0.77 1.15 USD/Liter [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Building Permits 7642390.00 7260841 7300777 7275027 7273034 7273909 CAD Thousand [+]
Housing Starts 184.00 180 170 180 180 192 Thousand [+]
Housing Index 117.20 117 117 118 118 125 Index Points [+]
Home Ownership Rate 66.50 66 66 66 66.84 63 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 26.50 26.5 26.5 26.5 26.5 26.5 percent [+]
Personal Income Tax Rate 33.00 33 33 33 33 33 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. 12/10/2016