|
2020
|
2021
|
2022
|
20A
|
21F
|
22F
|
|
Q4A
|
Q1A
|
Q2F
|
Q3F
|
Q4F
|
Q1F
|
Q2F
|
Q3F
|
Q4F
|
|
|
|
Real economic activity
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross domestic product
|
9.3
|
5.6
|
3.3
|
10.5
|
5.5
|
4.1
|
1.7
|
1.9
|
1.3
|
-5.3
|
6.7
|
4.1
|
Consumption expenditure
|
2.5
|
3.4
|
5.9
|
8.5
|
6.4
|
5.0
|
2.9
|
2.6
|
2.3
|
-4.4
|
5.9
|
4.9
|
|
-1.3
|
5.9
|
-2.4
|
-0.7
|
-0.2
|
1.1
|
2.0
|
1.5
|
1.6
|
-3.3
|
13.4
|
0.6
|
|
1.3
|
0.9
|
9.1
|
22.3
|
14.8
|
10.9
|
6.7
|
4.9
|
4.5
|
-10.3
|
4.9
|
10.8
|
Residential investment
|
16.9
|
43.3
|
-8.7
|
-21.7
|
-9.5
|
-3.6
|
-1.4
|
-0.7
|
-0.3
|
4.1
|
16.3
|
-6.6
|
Non-residential fixed investment
|
5.9
|
-2.7
|
10.7
|
10.5
|
7.3
|
3.7
|
4.3
|
4.2
|
4.5
|
-13.6
|
1.1
|
5.8
|
- Non-residential structures
|
-6.3
|
2.5
|
9.7
|
11.2
|
7.5
|
3.6
|
4.6
|
4.3
|
4.5
|
-11.3
|
-2.6
|
5.9
|
|
28.1
|
-10.2
|
12.4
|
9.3
|
7.0
|
3.7
|
3.9
|
4.2
|
4.5
|
-17.4
|
7.3
|
5.7
|
Government consumption & investment
|
6.1
|
5.8
|
8.4
|
2.7
|
3.5
|
1.6
|
-1.0
|
-0.7
|
-1.9
|
0.4
|
6.4
|
1.5
|
Exports of goods & services
|
4.1
|
6.0
|
-2.3
|
12.7
|
5.0
|
6.3
|
3.8
|
5.1
|
3.7
|
-10.0
|
5.5
|
5.5
|
Imports of goods & services
|
11.6
|
4.3
|
4.4
|
6.6
|
7.1
|
7.5
|
5.7
|
5.7
|
5.6
|
-11.2
|
8.2
|
6.4
|
Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer price index (y/y)
|
0.8
|
1.5
|
3.2
|
3.0
|
3.1
|
2.7
|
2.0
|
2.1
|
2.4
|
0.8
|
3.1
|
2.4
|
Implicit GDP price index (y/y)
|
1.9
|
6.0
|
7.5
|
5.8
|
4.6
|
2.0
|
1.7
|
1.5
|
1.9
|
1.9
|
4.6
|
1.9
|
Labour market
|
|
|
|
|
|
|
|
|
|
|
|
|
Employment
|
9.9
|
1.0
|
1.7
|
9.9
|
3.5
|
2.4
|
1.4
|
0.8
|
0.8
|
-5.1
|
4.8
|
3.0
|
Unemployment rate (%)
|
8.8
|
8.4
|
8.2
|
7.4
|
6.8
|
6.6
|
6.4
|
6.4
|
6.4
|
9.6
|
7.7
|
6.4
|
Note: Unless otherwise noted, all figures are expressed as annualized % changes.
Sources: Statistics Canada, Bank of Canada. Forecast by Deloitte Economic Advisory, as of June 15, 2021.
|
|
|