Canada | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate -0.40 1.5 0.2 0.4 0.5 0.6 percent [+]
Unemployment Rate 7.00 7 6.9 7.1 7 6.7 percent [+]
Inflation Rate 1.10 1.6 1.5 1.7 1.8 2.9 percent [+]
Interest Rate 0.50 0.5 0.25 0.25 0.25 2 percent [+]
Balance of Trade -2487.90 -3700 -4400 -4100 -3300 -2300 CAD Million [+]
Government Debt to GDP 91.50 92.5 92.5 93.1 93.1 90 percent [+]
MARKETS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Currency 1.32 1.31 1.33 1.34 1.35 1.56 [+]
Stock Market 14698.00 14600 14400 14300 14100 11800 points [+]
Government Bond 10Y 1.04 1.03 1.04 1.05 1.06 1.22 percent [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate -0.40 1.5 0.2 0.4 0.5 0.6 percent [+]
GDP Annual Growth Rate 0.90 1.3 1.5 1.1 1.1 2 percent [+]
GDP Growth Annualized -1.60 2.2 2 1.9 1.8 2.3 percent [+]
GDP 1550.54 1530 1530 1600 1600 2160 USD Billion [+]
GDP Constant Prices 1776171.00 1802900 1806000 1813000 1822000 1900000 CAD Million [+]
Gross National Product 1972716.00 1982608 1996539 2010985 2024532 2196437 CAD Million [+]
Gross Fixed Capital Formation 380049.00 372000 371000 374000 379000 425000 CAD Million [+]
GDP per capita 50000.56 50900 50900 51300 51300 53000 USD [+]
GDP per capita PPP 42890.88 43100 43100 43250 43250 45280 USD [+]
GDP From Agriculture 26460.00 26649 26716 26778 26872 30500 CAD Million [+]
GDP From Construction 114396.00 113764 113362 113124 112981 120000 CAD Million [+]
GDP From Manufacturing 174358.00 173940 173789 173740 173723 180000 CAD Million [+]
GDP From Mining 126395.00 127420 127369 127348 127346 136000 CAD Million [+]
GDP From Public Administration 108984.00 109644 110256 110839 111385 111000 CAD Million [+]
GDP From Services 1184589.00 1190606 1196565 1202516 1208463 1330000 CAD Million [+]
GDP From Transport 73339.00 73108 73581 74096 74548 82200 CAD Million [+]
GDP From Utilities 39030.00 38832 38867 38876 38878 39200 CAD Million [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 7.00 7 6.9 7.1 7 6.7 percent [+]
Employed Persons 18049.50 18047 18057 18062 18067 18100 Thousand [+]
Unemployed Persons 1361.10 1380 1390 1410 1380 1340 Thousand [+]
Part Time Employment -26.00 3.88 4.62 3.98 3.92 3.94 Thousand [+]
Full Time Employment 52.20 2.41 13.14 10.25 10.83 11.66 Thousand [+]
Employment Change 26.20 2.24 12.74 13.86 15.02 16.12 Thousand [+]
Labor Force Participation Rate 65.50 65.5 65.4 65.6 65.8 67 percent [+]
Youth Unemployment Rate 13.20 13.7 13.6 13.6 13.6 11.8 percent [+]
Labour Costs 116.47 117 117 117 117 123 Index Points [+]
Productivity 105.97 106 107 107 107 106 Index Points [+]
Wages 23.44 23.76 23.76 23.75 23.75 25.53 CAD/Hour [+]
Wages in Manufacturing 24.77 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 36.18 36.23 36.3 36.38 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 368347 375651 379497 381522 383775 [+]
Non Farm Payrolls 15955.84 15900 15900 15900 15900 16000 Thousand [+]
Employment Rate 60.90 61 61.1 61.1 61.1 62.2 percent [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 1.10 1.6 1.5 1.7 1.8 2.9 percent [+]
Inflation Rate Mom -0.20 0.5 0.3 0.3 0.4 0.2 percent [+]
Consumer Price Index CPI 128.70 130 131 132 133 152 Index Points [+]
Core Consumer Prices 128.60 130 130 131 131 154 Index Points [+]
Core Inflation Rate 1.80 2.1 2 2 2 2.2 percent [+]
GDP Deflator 112.40 113 113 113 113 113 Index Points [+]
Producer Prices 110.20 110 111 111 112 120 Index Points [+]
Producer Prices Change -1.30 -0.9 -0.8 -0.5 -0.1 2.1 percent [+]
Export Prices 113.50 114 114 114 114 126 Index Points [+]
Import Prices 128.80 130 130 130 130 139 Index Points [+]
Food Inflation 1.10 2.1 2.6 3.1 3.6 4.4 percent [+]
Cpi Transportation 128.20 128 129 129 130 136 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 0.50 0.5 0.25 0.25 0.25 2 percent [+]
Interbank Rate 0.89 0.8 0.8 0.8 0.8 2.1 percent [+]
Money Supply M0 82442.00 83202 84426 85667 86925 106517 CAD Million [+]
Money Supply M1 858868.00 861520 878757 896349 914301 1207158 CAD Million [+]
Money Supply M2 1443748.00 1452064 1477363 1502756 1528291 1917477 CAD Million [+]
Money Supply M3 2182657.00 2206088 2247989 2290712 2334271 3040264 CAD Million [+]
Central Bank Balance Sheet 103229.00 105000 106000 106000 107000 127000 CAD Million [+]
Banks Balance Sheet 5071855.00 5205909 5140000 5140000 5140000 7185449 CAD Million [+]
Foreign Exchange Reserves 83756.00 83777 83765 83777 83777 83777 USD Million [+]
Loans to Private Sector 337758.00 335000 336000 340000 345000 383000 CAD Million [+]
Deposit Interest Rate 0.10 0.2 0.2 0.2 0.2 1.5 percent [+]
Foreign Stock Investment 5226.00 9180 9190 9147 9179 9173 CAD Million [+]
Private Debt to GDP 254.13 255 259 260 261 265 percent [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade -2487.90 -3700 -4400 -4100 -3300 -2300 CAD Million [+]
Exports 42702.70 41500 40900 41100 42000 46500 CAD Million [+]
Imports 45190.60 45200 45300 45200 45300 48800 CAD Million [+]
Current Account -19862.00 -19990 -19099 -18724 -18314 -13669 CAD Million [+]
Current Account to GDP -3.30 -2.9 -2.9 -2.9 -2.9 -1.7 percent [+]
External Debt 612.33 616 616 620 620 628 CAD Billion [+]
Terms of Trade 88.10 87.92 87.72 87.69 87.68 94.74 Index Points [+]
Foreign Direct Investment 13350.00 14160 11922 11562 12873 12385 CAD Million [+]
Capital Flows -2.00 -4 -6 -3 -4 -8 CAD Million [+]
Gold Reserves 0.00 2 2 2 2 4 Tonnes [+]
Crude Oil Production 2811.00 3128 3280 3174 3256 3245 BBL/D/1K [+]
Terrorism Index 2.30 2.3 2.3 2.3 2.3 2.3 [+]
Tourist Arrivals 4561666.00 3585801 1253713 2041396 3021414 2368875 [+]
Weapons Sales 312.00 315 332 349 339 323 USD Million [+]
GOVERNMENT Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Government Debt to GDP 91.50 92.5 92.5 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 -1109.00 -1190 -500 -1000 -900 -312 CAD Million [+]
Government Spending 352554.00 353854 355154 356454 357754 375952 CAD Million [+]
Government Revenues 23743.00 24238 24230 24171 24168 24173 CAD Million [+]
Fiscal Expenditure 22862.00 22799 22723 22728 22730 22730 CAD Million [+]
Military Expenditure 17209.90 17255 17158 17061 17097 17139 USD Million [+]
Asylum Applications 1671.00 1683 1651 1643 1648 1648 Persons [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Business Confidence 52.30 54.8 55.1 55 55.3 52 [+]
Manufacturing PMI 51.10 50.7 51.5 53 54 52 [+]
Industrial Production 0.09 -0.6 0.4 1.2 1.1 0.73 percent [+]
Industrial Production Mom 2.52 -0.2 -0.1 0.2 0.3 0.5 percent [+]
Manufacturing Production 0.86 0.7 1.2 1.3 1.4 0.7 percent [+]
Capacity Utilization 80.00 80.8 80.5 81 81 83 percent [+]
New Orders 50565641.00 50903951 51013857 50955743 50976836 50971389 CAD THO [+]
Changes in Inventories 502.00 2583 4162 5248 5555 5236 CAD Million [+]
Bankruptcies 261.00 224 232 300 240 240 Companies [+]
Corporate Profits 56175.00 51745 56673 55764 55020 70100 CAD Million [+]
Car Registrations 176028.00 148999 158507 168526 161619 162622 [+]
Leading Economic Index 0.61 0.5 0.3 0.2 0.1 0.2 percent [+]
Mining Production -5.61 -0.2 -4.93 -0.1 -4.94 1.3 percent [+]
Steel Production 1100.00 1100 1088 1083 1080 1077 Thousand Tonnes [+]
Competitiveness Index 5.31 5.31 5.31 5.34 5.34 5.47 Points [+]
Competitiveness Rank 13.00 13 13 12 12 9 [+]
Corruption Index 83.00 83 83 84 84 87 Points [+]
Corruption Rank 9.00 9 9 8 8 5 [+]
Ease of Doing Business 14.00 14 14 14 14 10 [+]
CONSUMER Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Consumer Confidence 84.40 76 75 75 75 89 [+]
Retail Sales MoM -0.10 0.1 0.3 0.3 0.3 0.3 percent [+]
Retail Sales YoY 2.30 3.2 3.2 3.51 3.7 3.99 percent [+]
Retail Sales Ex Autos -0.10 0.4 0.3 0.3 0.2 0.3 percent [+]
Consumer Spending 1017654.00 1020000 1026779 1031818 1036943 1110000 CAD Million [+]
Disposable Personal Income 1150424.00 1150000 1150700 1160000 1162000 1331503 CAD Million [+]
Personal Savings 4.20 4.1 4.18 4.2 4.22 5 percent [+]
Consumer Credit 556090.00 559000 566000 566000 567000 614000 CAD Million [+]
Private Sector Credit 3731256.00 3781524 3830076 3877747 3924999 4570731 CAD Million [+]
Bank Lending Rate 2.70 2.7 2.5 2.5 2.5 3.7 percent [+]
Households Debt To Gdp 97.90 98.7 99.23 99.32 99.71 101 percent of GDP [+]
Households Debt To Income 169.85 171 172 172 174 184 percent [+]
Gasoline Prices 0.81 0.81 0.79 0.79 0.77 1.15 USD/Liter [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Building Permits 6469900.00 6579720 6561344 6567325 6564863 6565212 CAD Thousand [+]
Housing Starts 182.70 179 180 170 180 191 Thousand [+]
Housing Index 116.30 116 117 117 118 125 Index Points [+]
Home Ownership Rate 66.50 66 66 66 66 63 percent [+]
TAXES Actual Q3/16 Q4/16 Q1/17 Q2/17 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. 9/25/2016