Real-time Local Business Conditions Index

Data Visualization: 71-607-X2021017

Description: The need for alternative data sources is of growing importance for both supplementing Statistics Canada's data holdings and for nowcasting economic activity. In response to this need, Statistics Canada initiated the development of a Real-time Local Business Conditions Index (RT-LBCI). The index brings together data from a few different sources, including Google's Places API (containing data on temporary and permanent businesses closures), TomTom Real-time traffic API (road traffic data), as well as information from Statistics Canada data holdings (monthly retail and wholesale, Business Register, etc.). The project aims to compute a near real-time index of economic activity in Canadian major cities.
Issue Number: 2021017
Frequency: Weekly
Author(s): Alasia, Alessandro; Newstead, Nick; Hamit-Haggar, Mahamat
FormatRelease dateMore information
HTMLMay 24, 2024
PDFOctober 28, 2022