Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Stock Market (points) 33189.32 32872 31449 30665 29898
Currency 1.36 1.36 1.35 1.34 1.33
Government Bond 10Y (%) 3.37 3.4 3.29 3.24 3.18

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) -0.20 0.2 0.4 0.5 0.3
GDP Growth Annualized (%) -0.60 1 1.6 1.5 1.6
GDP Annual Growth Rate (%) 0.70 1.8 2.8 2.5 2.9
Unemployment Rate (%) 6.50 6.9 7 6.8 6.6
Inflation Rate (%) 2.30 1.8 2.2 2 2
Inflation Rate MoM (%) 0.00 0.4 0.2 0.3 -0.1
Interest Rate (%) 2.25 2.25 2.25 2 2
Balance of Trade (CAD Million) -1310.00 -3400 -2100 -900 -2150
Current Account (CAD Million) -700.00 -3400 -4100 -2200 -3800
Manufacturing PMI (points) 51.00 49.2 50.1 50.5 52
Business Confidence (points) 56.60 51 50 51 53
Consumer Confidence (points) 47.50 49.2 50 49.5 52
Retail Sales MoM (%) 1.50 0.2 0.5 0.3 0.2
Building Permits (CAD Thousand) 12835254.00 14221461 13937032 14633884 13609512
Current Account to GDP (% of GDP) -1.40 -1.2
Government Debt to GDP (% of GDP) 110.80 115
Government Budget (% of GDP) -1.20 -2.3

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) -0.20 0.2 0.4 0.5 0.3
GDP Growth Annualized (%) -0.60 1 1.6 1.5 1.6
GDP Annual Growth Rate (%) 0.70 1.8 2.8 2.5 2.9
GDP Constant Prices (CAD Million) 2502165.00 2542052 2560988 2568609 2574728
Gross National Product (CAD Million) 3237496.00 3220459 3261897 3306945 3331383
Gross Fixed Capital Formation (CAD Million) 535612.00 536185 543259 544530 551145
Monthly GDP MoM (%) 0.00 -0.1 0.5 0.3 0.2
GDP from Agriculture (CAD Million) 47235.00 45401 46924 49524 48605
GDP from Utilities (CAD Million) 47715.00 49182 48019 47107 49099
GDP from Transport (CAD Million) 104665.00 104737 105362 106318 107700
GDP from Mining (CAD Million) 119621.00 122604 121815 124039 123090
GDP from Services (CAD Million) 1755045.00 1771160 1793045 1793165 1805941
GDP from Public Administration (CAD Million) 168378.00 169341 172627 170424 173261
GDP from Construction (CAD Million) 171328.00 171643 175261 175622 176297
GDP from Manufacturing (CAD Million) 198010.00 207541 203703 207063 203752
GDP (USD Billion) 2241.25 2270
GDP per Capita (USD) 44401.72 44979
GDP per Capita PPP (USD) 56691.91 57429
Full Year GDP Growth (%) 1.74 1.3

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 6.50 6.9 7 6.8 6.6
Unemployed Persons (Thousand ) 1457.50 1650 1630 1610 1600
Employed Persons (Thousand ) 21121.20 21100 20900 20850 20900
Part Time Employment (Thousand) -69.70 20 5 30 50
Full Time Employment (Thousand) 44.90 10 -15 2 -20
Employment Change (Thousand) -24.80 20 40 65 30
Labor Force Participation Rate (%) 65.00 65.5 65.2 65.2 65.5
Labour Costs (points) 131.71 133 132 133 134
Productivity (points) 104.42 102 103 103 103
Wages (CAD/Hour) 32.87 31.92 32.02 32.76 33.43
Wages in Manufacturing (CAD/Hour) 32.83 32.21 32.58 32.64 33.39
Wage Growth (%) 1.94 2.1 1.5 2 1.7
Non Farm Payrolls (Thousand) 18240.00 18200 18150 17900 18100
Average Hourly Earnings (CAD) 38.02 3.7 3.7 3.7 4
Job Vacancies 492475.00 510000 520000 520000 542000
Minimum Wages (CAD/Hour) 17.60 18
Population (Million) 41.65 43.1

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 2.30 1.8 2.2 2 2
Inflation Rate MoM (%) 0.00 0.4 0.2 0.3 -0.1
Consumer Price Index CPI (points) 165.00 166 168 168 168
Core Inflation Rate (%) 2.60 2.6 2.4 2 2.2
Core Consumer Prices (points) 160.60 162 163 163 164
GDP Deflator (points) 130.10 131 132 133 133
Producer Prices (points) 137.40 136 134 136 138
Producer Prices Change (%) 5.40 3.5 3.1 3 2.9
Export Prices (points) 139.60 131 133 133 140
Import Prices (points) 137.10 130 128 128 138
Food Inflation (%) 7.30 3.2 2.8 2.7 2.9
Commodity Prices YoY (%) 8.00 4 5 3.1 3.7
CPI Median (Percent) 2.50 2.8 2.7 3 2.8
CPI Trimmed-Mean (Percent) 2.40 2.8 3 2.9 2.7
Producer Price Inflation MoM (%) -0.60 0.1 0.4 0.2 0.3
Core Inflation Rate MoM (%) 0.20 0.3 0.1 0.2 0.4
CPI Transportation (points) 170.20 171 171 172 172
CPI Housing Utilities (points) 189.60 190 191 192 193

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 2.25 2.25 2.25 2 2
Money Supply M2 (CAD Million) 2779326.00 2727000 2730000 2740000 2748000
Central Bank Balance Sheet (CAD Million) 238100.00 230000 225000 220000 217000
Loans to Private Sector (CAD Million) 734929.00 701000 705000 710000 72000
Foreign Stock Investment (CAD Million) -5570.00 9100 15430 8100 7000
Private Debt to GDP (%) 163.25 161

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (CAD Million) -1310.00 -3400 -2100 -900 -2150
Current Account (CAD Million) -700.00 -3400 -4100 -2200 -3800
Exports (CAD Million) 65630.00 65500 67100 67100 68050
Imports (CAD Million) 66930.00 68900 69200 68000 70200
Terms of Trade (points) 101.80 101 104 104 101
Crude Oil Production (BBL/D/1K) 5234.00 5150 5120 5210 5300
Current Account to GDP (% of GDP) -1.40 -1.2

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Fiscal Expenditure (CAD Million) 40906.00 59500 41500 40500 39000
Government Debt to GDP (% of GDP) 110.80 115
Government Budget (% of GDP) -1.20 -2.3

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Manufacturing PMI (points) 51.00 49.2 50.1 50.5 52
Business Confidence (points) 56.60 51 50 51 53
Capacity Utilization (%) 78.50 80.5 80.9 80.5 80.9
Corporate Profits (CAD Million) 150155.00 134000 138000 138000 139000
Car Registrations (Units) 127248.00 179000 170000 162000 147000
Services PMI (points) 46.50 48 50.3 50.1 50
Composite PMI (points) 47.10 50.8 50.5 50.1 51
Wholesale Sales (%) -0.60 -0.1 0.2 0.7 0.6
Manufacturing Sales (%) -3.30 0.2 0.2 0.5 0.4
Small Business Sentiment (points) 64.80 65.1 60.5 57 59

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Consumer Confidence (points) 47.50 49.2 50 49.5 52
Retail Sales MoM (%) 1.50 0.2 0.5 0.3 0.2
Retail Sales YoY (%) 0.00 1.5 2.9 2.4 3
Retail Sales Ex Autos (%) 0.10 -0.2 0.4 0.5 0.6
Consumer Spending (CAD Million) 1431258.00 1437314 1468226 1460899 1472764
Consumer Credit (CAD Million) 816912.00 795384 820042 830450 840602
Bank Lending Rate (%) 4.45 4.45 4.45 4.2 4.2
Gasoline Prices (USD/Liter) 1.02 1 1.05 1.09 1.12

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Building Permits (CAD Thousand) 12835254.00 14221461 13937032 14633884 13609512
Housing Starts (Thousand units) 238.00 260 250 240 235
House Price Index MoM (%) -0.40 -0.3 -0.2 0.4 0.2
Building Permits MoM (%) 6.80 10.8 -2 5 -7
House Price Index YoY (%) -2.00 2.8 3.3 2.3 2.4
Home Ownership Rate (%) 66.70 67.5