Weekly update: Canadian Economic Dashboard and COVID-19
This update of "Canadian Economic Dashboard and COVID-19" provides additional analysis of data from major economic releases as they relate to the potential impacts of COVID-19. It summarizes and highlight effects specific to provinces and territories, as well as to industries.
Articles will be released on a weekly basis as new data and analysis become available.
Note to readers
On January 29, Canada's first presumptive case of the novel coronavirus (also known as COVID-19) was confirmed as positive. Within two months, the COVID-19 pandemic had spread across the country, affecting every facet of the Canadian economy. Statistics Canada is maintaining a dashboard that presents selected indicators to help monitor the impact of the pandemic on economic activity in Canada.
The dashboard includes 16 indicators from a range of monthly data programs—real gross domestic product, consumer prices, employment, merchandise exports and imports, retail sales, hours worked, manufacturing sales, air and railway transportation, and travel.
Each indicator is presented from January 2019 to the current reference month, and expressed in terms of month-over-month and year-over-year changes. In addition, an index has been created for each indicator to more easily track and compare the relative impacts of COVID-19. With December 2019 as the base reference period, each index will provide a baseline to measure the effects of the outbreak as new data are released.
Data are not expected to reflect the full economic impacts of COVID-19 for some time. The dashboard will allow users to track the impact of COVID-19 over time as it affects different aspects of the economy.
More indicators may be added to the dashboard to provide additional timely measures and a more comprehensive picture of the rapidly-evolving situation.
An updated version of the "Canadian Economic Dashboard and COVID-19" is now available.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).