Canada | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.90 0.4 0.5 0.3 0.7 0.6 percent [+]
Unemployment Rate 6.80 7.1 7 7.1 6.9 6.7 percent [+]
Inflation Rate 1.50 1.7 1.8 1.9 2 2.9 percent [+]
Interest Rate 0.50 0.5 0.5 0.5 0.5 2 percent [+]
Balance of Trade 922.80 -2100 -3300 -2600 -2200 -7800 CAD Million [+]
Government Debt to GDP 91.50 93.1 93.1 93.1 93.1 90 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.31 1.39 1.4 1.41 1.43 1.63 [+]
Stock Market 15838.63 15000 14900 14700 14600 12300 points [+]
Government Bond 10Y 1.71 1.77 1.79 1.81 1.63 2.09 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.90 0.4 0.5 0.3 0.7 0.6 percent [+]
GDP Annual Growth Rate 1.30 1.5 1.7 2 2.1 1.4 percent [+]
GDP Growth Annualized 3.50 1.9 1.8 2.1 2 2.3 percent [+]
GDP 1550.54 1600 1600 1600 1600 2160 USD Billion [+]
GDP Constant Prices 1798011.00 1813000 1822000 1828000 1841000 1900000 CAD Million [+]
Gross National Product 2007028.00 2044609 2057105 2068643 2080587 2237523 CAD Million [+]
Gross Fixed Capital Formation 384881.00 384000 389000 39100 396224 425000 CAD Million [+]
GDP per capita 50000.56 51300 51300 51300 51300 53000 USD [+]
GDP per capita PPP 42890.88 43250 43250 43250 43250 45280 USD [+]
GDP From Agriculture 28205.00 28136 28132 28132 28132 30500 CAD Million [+]
GDP From Construction 117746.00 118385 118663 118810 118888 120000 CAD Million [+]
GDP From Manufacturing 174699.00 174749 174799 174830 174843 180000 CAD Million [+]
GDP From Mining 137738.00 137722 137774 137780 137782 136000 CAD Million [+]
GDP From Public Administration 108021.00 108404 108669 108918 109154 111000 CAD Million [+]
GDP From Services 1193271.00 1201040 1206904 1212765 1218621 1330000 CAD Million [+]
GDP From Transport 75443.00 75913 76266 76624 76981 82200 CAD Million [+]
GDP From Utilities 36663.00 37036 37039 37039 37039 39200 CAD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 6.80 7.1 7 7.1 6.9 6.7 percent [+]
Employed Persons 18273.30 18337 18415 18479 18530 18100 Thousand [+]
Unemployed Persons 1324.40 1410 1380 1370 1360 1340 Thousand [+]
Part Time Employment 32.40 2.39 4.82 4.58 4.57 4.57 Thousand [+]
Full Time Employment 15.80 17.98 14.05 13.04 12.65 12.06 Thousand [+]
Employment Change 48.30 28.99 23.26 20.19 18.5 16.71 Thousand [+]
Labor Force Participation Rate 65.90 65.6 65.8 66 66.2 67 percent [+]
Youth Unemployment Rate 13.30 13.6 13.6 13.19 12.9 11.8 percent [+]
Labour Costs 115.82 117 117 117 118 123 Index Points [+]
Productivity 107.78 0 0 107 108 109 Index Points [+]
Wages 24.18 24.02 24.01 24.01 24.01 25.53 CAD/Hour [+]
Wages in Manufacturing 24.74 25.03 25.08 25.08 25.1 26.23 CAD/Hour [+]
Minimum Wages 11.40 11.25 11.25 11.33 11.5 12 CAD/Hour [+]
Population 36.44 36.07 36.13 36.18 36.23 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 392290.00 349254 343254 355498 435860 407616 [+]
Non Farm Payrolls 15973.06 15900 15900 15900 16000 16000 Thousand [+]
Employment Rate 61.40 61.1 61.1 61.2 61.4 62.2 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.50 1.7 1.8 1.9 2 2.9 percent [+]
Inflation Rate Mom -0.20 0.3 0.4 0.2 0.1 0.2 percent [+]
Consumer Price Index CPI 128.40 132 133 134 135 152 Index Points [+]
Core Consumer Prices 128.90 131 131 132 133 154 Index Points [+]
Core Inflation Rate 1.60 1.9 2 2.1 2.1 2.2 percent [+]
GDP Deflator 113.10 114 114 115 115 119 Index Points [+]
Producer Prices 112.10 111 112 112 113 120 Index Points [+]
Producer Prices Change 2.20 -0.5 -0.1 -0.1 0.5 2.1 percent [+]
Export Prices 119.60 121 121 121 119 126 Index Points [+]
Import Prices 131.30 132 132 131 133 139 Index Points [+]
Food Inflation -1.30 0.1 1.6 2.4 3.8 4.4 percent [+]
Cpi Transportation 129.40 129 130 130 131 136 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.50 0.5 0.5 0.5 0.5 2 percent [+]
Interbank Rate 0.95 0.8 0.8 0.93 0.94 2.1 percent [+]
Money Supply M0 83795.00 84825 85821 86817 87812 99584 CAD Million [+]
Money Supply M1 893093.00 910204 927313 944393 961443 1163797 CAD Million [+]
Money Supply M2 1494085.00 1520511 1547462 1574222 1600815 1907191 CAD Million [+]
Money Supply M3 2240330.00 2280932 2321483 2361683 2401475 2850437 CAD Million [+]
Central Bank Balance Sheet 105830.00 106000 107000 107000 108000 127000 CAD Million [+]
Banks Balance Sheet 5221650.00 5140000 5140000 5270634 5257705 5262704 CAD Million [+]
Foreign Exchange Reserves 84783.00 84790 84733 84726 84725 84725 USD Million [+]
Loans to Private Sector 348692.00 340000 345000 350000 365000 383000 CAD Million [+]
Deposit Interest Rate 0.10 0.2 0.2 0.2 0.2 1.5 percent [+]
Foreign Stock Investment 10231.00 11051 10698 10725 10718 10719 CAD Million [+]
Private Debt to GDP 256.08 262 263 263 261 269 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 922.80 -2100 -3300 -2600 -2200 -7800 CAD Million [+]
Exports 46440.30 43100 42000 42500 43300 39000 CAD Million [+]
Imports 45517.50 45301 45300 45100 45500 46800 CAD Million [+]
Current Account -18299.00 -15488 -15116 -14739 -14400 -11355 CAD Million [+]
Current Account to GDP -3.30 -2.9 -2.9 -3.03 -2.5 -1.7 percent [+]
External Debt 615.99 620 620 620 620 628 CAD Billion [+]
Terms of Trade 91.10 91.8 92.05 92.1 88.45 94.74 Index Points [+]
Foreign Direct Investment 7030.00 8822 9747 9208 9261 9326 CAD Million [+]
Capital Flows -40.00 -3 -4 -5 -5 -8 CAD Million [+]
Gold Reserves 0.00 2 2 2 2 4 Tonnes [+]
Crude Oil Production 3757.00 3527 3546 3544 3543 3543 BBL/D/1K [+]
Terrorism Index 2.52 2.3 2.3 2.37 2.3 2.3 [+]
Tourist Arrivals 1647833.00 2210782 2905088 2213583 2060922 2329503 [+]
Weapons Sales 312.00 315 332 349 339 323 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 91.50 93.1 93.1 93.1 93.1 90 percent [+]
Government Budget 0.10 -0.2 -0.2 -0.2 -0.5 -0.7 percent of GDP [+]
Government Budget Value -3320.00 -1000 -900 -750 -312 -312 CAD Million [+]
Government Spending 349857.00 351935 352967 353995 355018 366943 CAD Million [+]
Government Revenues 22155.00 23920 23764 23737 23739 23742 CAD Million [+]
Fiscal Expenditure 23545.00 22949 22944 22940 22940 22940 CAD Million [+]
Military Expenditure 17209.90 17255 17158 17061 17097 17139 USD Million [+]
Asylum Applications 2474.00 2080 2130 2162 2149 2147 Persons [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 57.20 55 55.3 55 54 52 [+]
Manufacturing PMI 53.50 51 51.4 52 52 52 [+]
Industrial Production 1.51 1.2 1.1 1 -0.08 0.73 percent [+]
Industrial Production Mom -1.58 0.2 0.3 0.1 0.08 0.5 percent [+]
Manufacturing Production -0.18 1.3 1.4 1.2 1.5 0.7 percent [+]
Capacity Utilization 81.90 81 81 81.2 81.5 83 percent [+]
New Orders 51796544.00 51774650 51770507 51771753 51771389 51771493 CAD THO [+]
Changes in Inventories 4591.00 6318 6333 6119 5896 5410 CAD Million [+]
Bankruptcies 229.00 233 233 233 233 233 Companies [+]
Corporate Profits 64535.00 60486 61084 60599 61300 70100 CAD Million [+]
Car Registrations 128352.00 156943 171618 158809 159350 161473 [+]
Leading Economic Index 0.40 0.2 0.1 0.2 0.2 0.2 percent [+]
Mining Production 2.24 -0.1 0.91 0.3 0.91 1.3 percent [+]
Steel Production 1030.00 1005 1025 1035 1040 1047 Thousand Tonnes [+]
Competitiveness Index 5.27 5.34 5.34 5.34 5.34 5.47 Points [+]
Competitiveness Rank 15.00 12 12 12 12 9 [+]
Corruption Index 83.00 84 84 84 84 87 Points [+]
Corruption Rank 9.00 8 8 8 8 5 [+]
Ease of Doing Business 22.00 14 14 14 14 10 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 50.20 50.4 51.8 50.9 52.3 53.8 [+]
Retail Sales MoM 0.20 0.3 0.3 0.33 0.33 0.3 percent [+]
Retail Sales YoY 3.00 3.92 3.98 4.01 4.03 4.06 percent [+]
Retail Sales Ex Autos 0.10 0.3 0.2 0.2 0.27 0.3 percent [+]
Consumer Spending 1027663.00 1036015 1041175 1046420 1051747 1110000 CAD Million [+]
Disposable Personal Income 1178012.00 1160000 1162000 1164000 170000 1349017 CAD Million [+]
Personal Savings 5.80 5.1 5.27 5.38 5.19 5 percent [+]
Consumer Credit 566124.00 566000 567000 567000 573000 614000 CAD Million [+]
Private Sector Credit 3826408.00 3888530 3935882 3983451 4030983 4591352 CAD Million [+]
Bank Lending Rate 2.70 2.5 2.5 2.5 2.5 3.7 percent [+]
Households Debt To Gdp 99.80 103 104 104 105 107 percent of GDP [+]
Households Debt To Income 168.95 169 170 171 171 175 percent [+]
Gasoline Prices 0.85 0.79 0.77 0.77 0.78 1.15 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Building Permits 7168245.00 7353027 7354744 7345077 7343718 7344140 CAD Thousand [+]
Housing Starts 207.41 170 180 180 202 201 Thousand [+]
Housing Index 117.50 117 118 118 119 125 Index Points [+]
Home Ownership Rate 66.50 66 66 66.86 66 63 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 2/19/2017