Canada | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.4 0.5 0.3 0.7 0.6 percent [+]
Unemployment Rate 6.60 7.1 7 7.1 6.9 6.7 percent [+]
Inflation Rate 2.00 2.1 2.2 2.1 2.3 2.9 percent [+]
Interest Rate 0.50 0.5 0.5 0.5 0.5 2 percent [+]
Balance of Trade 806.90 -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 1.34 1.34 1.36 1.37 1.4 1.6 [+]
Stock Market 15506.22 15200 15100 14900 14600 12300 points [+]
Government Bond 10Y 1.59 1.72 1.73 1.75 1.77 2.04 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.4 0.5 0.3 0.7 0.6 percent [+]
GDP Annual Growth Rate 1.90 1.5 1.7 2 2.1 1.4 percent [+]
GDP Growth Annualized 2.60 2.3 1.8 2.1 2 2.3 percent [+]
GDP 1550.54 1600 1600 1600 1600 2160 USD Billion [+]
GDP Constant Prices 1811213.00 1813000 1822000 1828000 1841000 1900000 CAD Million [+]
Gross National Product 2038616.00 2060841 2075199 2085945 2096946 2258551 CAD Million [+]
Gross Fixed Capital Formation 378167.00 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 28465.00 28548 28566 28566 28565 30500 CAD Million [+]
GDP From Construction 118348.00 119862 120725 121398 122021 120000 CAD Million [+]
GDP From Manufacturing 176334.00 176804 177105 177273 177360 180000 CAD Million [+]
GDP From Mining 139093.00 138267 138417 138422 138424 136000 CAD Million [+]
GDP From Public Administration 107890.00 108115 108336 108543 108736 111000 CAD Million [+]
GDP From Services 1198251.00 1204241 1210212 1216177 1222138 1330000 CAD Million [+]
GDP From Transport 76050.00 76275 76506 76663 76780 82200 CAD Million [+]
GDP From Utilities 37635.00 37232 37262 37267 37268 39200 CAD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 6.60 7.1 7 7.1 6.9 6.7 percent [+]
Employed Persons 18288.60 18317 18382 18436 18479 18100 Thousand [+]
Unemployed Persons 1286.10 1410 1380 1370 1360 1340 Thousand [+]
Part Time Employment -89.80 31.16 5.17 4.96 4.58 4.61 Thousand [+]
Full Time Employment 105.10 24.37 30.33 18.95 15.23 12.08 Thousand [+]
Employment Change 15.30 26.92 20.58 19.05 17.96 16.84 Thousand [+]
Labor Force Participation Rate 65.80 65.6 65.8 66 66.2 67 percent [+]
Youth Unemployment Rate 12.40 13.6 13.6 12.34 12.9 11.8 percent [+]
Productivity 108.04 0 0 107 109 110 Index Points [+]
Labour Costs 116.36 117 117 117 118 123 Index Points [+]
Wages 24.28 24.21 24.2 24.2 24.2 25.53 CAD/Hour [+]
Wages in Manufacturing 25.65 25.24 25.45 25.51 25.6 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 [+]
Living Wage Family 1777.70 1781 1782 1783 1783 1783 CAD/Month [+]
Living Wage Individual 1514.65 1515 1515 1515 1515 1515 CAD/Month [+]
Job Vacancies 401590.00 307422 326779 362849 385688 246167 [+]
Non Farm Payrolls 16082.10 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 2.00 2.1 2.2 2.1 2.3 2.9 percent [+]
Inflation Rate Mom 0.20 0.3 0.4 0.2 0.1 0.2 percent [+]
Consumer Price Index CPI 129.70 132 133 134 135 152 Index Points [+]
Core Consumer Prices 129.40 131 131 132 133 154 Index Points [+]
Core Inflation Rate 1.70 1.7 1.7 1.9 2 2.2 percent [+]
GDP Deflator 114.20 115 115 116 116 121 Index Points [+]
Producer Prices 112.70 113 113 114 115 120 Index Points [+]
Producer Prices Change 2.30 2.5 2.2 1.9 1.8 2.1 percent [+]
Export Prices 118.40 118 118 118 119 126 Index Points [+]
Import Prices 130.50 131 131 131 133 139 Index Points [+]
Food Inflation -2.30 -1.5 0.2 1.1 2.8 4.4 percent [+]
Cpi Transportation 131.90 129 130 130 131 136 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 0.93 0.8 0.8 0.9 0.9 2.1 percent [+]
Money Supply M0 84581.00 85225 86274 87318 88359 100684 CAD Million [+]
Money Supply M1 904578.00 916986 935514 954023 972499 1191691 CAD Million [+]
Money Supply M2 1509092.00 1529933 1560189 1590344 1620313 1965989 CAD Million [+]
Money Supply M3 2237401.00 2260752 2295230 2327268 2358794 2700551 CAD Million [+]
Central Bank Balance Sheet 104542.00 106000 107000 107000 108000 127000 CAD Million [+]
Banks Balance Sheet 5046294.00 5140000 5140000 5079188 5073246 5072219 CAD Million [+]
Foreign Exchange Reserves 82091.00 82097 82209 82161 82161 82162 USD Million [+]
Loans to Private Sector 348634.00 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 6200.00 10901 10197 10263 10271 10269 CAD Million [+]
Private Debt to GDP 256.08 262 263 261 261 269 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 806.90 -2100 -3300 -2600 -2200 -7800 CAD Million [+]
Exports 46450.40 43100 42000 42500 43300 39000 CAD Million [+]
Imports 45643.50 45496 45300 45100 45500 46800 CAD Million [+]
Current Account -10726.00 -11350 -12025 -12890 -12867 -12607 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 90.70 90.75 90.82 90.84 88.45 94.74 Index Points [+]
Foreign Direct Investment 9741.00 8754 9626 9076 9132 9198 CAD Million [+]
Capital Flows 0.00 -3 -4 -5 -5 -8 CAD Million [+]
Gold Reserves 0.00 2 2 2 2 4 Tonnes [+]
Crude Oil Production 3721.00 3693 3690 3690 3690 3690 BBL/D/1K [+]
Weapons Sales 312.00 315 332 349 339 323 USD Million [+]
Terrorism Index 2.52 2.3 2.3 2.37 2.3 2.3 [+]
Tourist Arrivals 1478916.00 1888074 2780230 2424995 2064813 2327552 [+]
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 -0.2 -0.7 percent of GDP [+]
Government Budget Value 1240.00 -1000 -900 -750 -312 -312 CAD Million [+]
Government Spending 351614.00 352683 353748 354809 355865 368203 CAD Million [+]
Government Revenues 28700.00 26010 24697 24469 24469 24475 CAD Million [+]
Fiscal Expenditure 25600.00 23397 23459 23442 23435 23435 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 55.00 55 55.3 55 54 52 [+]
Manufacturing PMI 54.70 51 51.4 52 52 52 [+]
Industrial Production 1.72 1.2 1.1 1 2.22 0.73 percent [+]
Industrial Production Mom 0.88 0.2 0.3 0.1 0.09 0.5 percent [+]
Manufacturing Production 0.58 1.3 1.4 1.2 1.5 0.7 percent [+]
Capacity Utilization 82.20 81 81 81.2 81.5 83 percent [+]
New Orders 54099261.00 53164546 53108552 53188838 53161003 53168033 CAD THO [+]
Changes in Inventories -4365.00 -1830 366 1382 2677 4491 CAD Million [+]
Bankruptcies 243.00 238 236 236 236 236 Companies [+]
Corporate Profits 62880.00 60001 61639 60512 61300 70100 CAD Million [+]
Car Registrations 112996.00 146070 174351 157116 154737 158838 [+]
Leading Economic Index 0.30 0.2 0.1 0.2 0.2 0.2 percent [+]
Mining Production 3.02 -0.1 3.04 0.3 3.04 1.3 percent [+]
Steel Production 1030.00 1030 1042 1048 1051 1055 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 82.00 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 52.09 50.4 51.8 50.9 52.3 53.8 [+]
Retail Sales MoM 2.20 0.3 0.3 0.34 0.34 0.3 percent [+]
Retail Sales YoY 4.50 4.43 4.32 4.25 4.21 4.15 percent [+]
Retail Sales Ex Autos 1.70 0.3 0.2 0.2 0.27 0.3 percent [+]
Consumer Spending 1034553.00 1039588 1044666 1048873 1052604 1110000 CAD Million [+]
Disposable Personal Income 1190700.00 1160000 1162000 1164000 170000 1328068 CAD Million [+]
Personal Savings 5.80 5.5 5.63 5.79 5.66 5 percent [+]
Consumer Credit 569320.00 566000 567000 567000 573000 614000 CAD Million [+]
Private Sector Credit 3844807.00 3892840 3941462 3990044 4038506 4609558 CAD Million [+]
Bank Lending Rate 2.70 2.5 2.5 2.5 2.5 3.7 percent [+]
Households Debt To Gdp 100.60 102 103 103 103 105 percent of GDP [+]
Households Debt To Income 169.41 170 171 171 172 177 percent [+]
Gasoline Prices 0.82 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 7615502.00 7559559 7514618 7502538 7500077 7501360 CAD Thousand [+]
Housing Starts 210.21 170 180 180 204 203 Thousand [+]
Housing Index 100.10 117 118 118 119 125 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. 3/28/2017