Recent Developments in the Canadian Economy: Chartbook

Release date: April 23, 2018

Elizabeth Richards and Guy Gellatly
Analytical Studies Branch
Statistics Canada

This chartbook highlights key movements in the Canadian economic data during 2017. It focuses on changes in the pace and composition of economic growth and on notable labour market developments during that period. It is an integrated summary of major economic indicators, and includes data on gross domestic product, manufacturing and retail sales, employment, consumer prices, residential investment, non-residential capital spending, and international trade. The chartbook complements the article "Recent Developments in the Canadian Economy: Spring 2018" released on April 23, 2018.

Economic performance strengthened across G7 economies in 2017

Real Gross Domestic Product (GDP), expenditure-based, chained volumes, index (Q1 2000=100)
Description for Chart 1
Real Gross Domestic Product (GDP), expenditure-based, chained volumes, index (Q1 2000=100)
Quarter Canada France Germany  Japan United Kingdom  United States
Q1 2000 100.0 100.0 100.0 100.0 100.0 100.0
Q2 2000 101.2 100.9 101.0 100.2 100.7 101.9
Q3 2000 102.2 101.6 100.9 100.3 101.0 102.0
Q4 2000 102.4 102.4 100.9 101.2 101.2 102.6
Q1 2001 102.9 102.9 102.6 101.8 102.3 102.3
Q2 2001 103.2 103.1 102.7 101.3 103.1 102.8
Q3 2001 103.1 103.4 102.4 100.2 103.8 102.5
Q4 2001 103.7 103.4 102.5 100.0 104.1 102.8
Q1 2002 105.3 103.8 102.2 100.1 104.6 103.7
Q2 2002 105.9 104.2 102.5 100.9 105.4 104.3
Q3 2002 106.8 104.6 102.9 101.2 106.2 104.8
Q4 2002 107.4 104.6 102.7 101.5 107.2 104.9
Q1 2003 108.0 104.8 101.5 101.4 107.9 105.4
Q2 2003 107.8 104.6 101.5 102.2 108.9 106.4
Q3 2003 108.2 105.3 102.0 102.6 109.9 108.2
Q4 2003 109.0 106.1 102.4 103.8 110.8 109.5
Q1 2004 109.8 107.1 102.4 104.6 111.4 110.1
Q2 2004 111.1 107.7 102.7 104.5 111.8 110.9
Q3 2004 112.4 108.1 102.5 105.1 112.1 111.9
Q4 2004 113.2 108.8 102.6 104.8 112.5 112.9
Q1 2005 113.6 109.1 102.4 105.3 113.5 114.1
Q2 2005 114.4 109.3 103.1 106.1 114.7 114.7
Q3 2005 115.8 109.9 103.9 107.1 115.9 115.6
Q4 2005 117.0 110.6 104.3 107.4 117.6 116.3
Q1 2006 117.9 111.5 105.3 107.4 117.9 117.7
Q2 2006 117.9 112.5 107.0 107.8 118.2 118.0
Q3 2006 118.3 112.6 108.1 107.6 118.2 118.2
Q4 2006 118.7 113.4 109.5 109.0 118.7 119.1
Q1 2007 119.5 114.2 109.9 109.8 119.8 119.2
Q2 2007 120.6 115.1 110.7 109.9 120.6 120.1
Q3 2007 121.1 115.5 111.7 109.4 121.4 120.9
Q4 2007 121.3 115.8 112.0 109.9 122.4 121.3
Q1 2008 121.4 116.2 113.0 110.3 122.7 120.5
Q2 2008 121.8 115.7 112.7 109.7 121.9 121.1
Q3 2008 122.8 115.3 112.2 108.3 119.9 120.5
Q4 2008 121.4 113.7 110.1 105.9 117.3 117.9
Q1 2009 118.6 111.8 105.1 100.7 115.4 116.3
Q2 2009 117.3 111.6 105.2 102.8 115.2 116.2
Q3 2009 117.8 111.8 105.8 102.8 115.4 116.5
Q4 2009 119.2 112.5 106.8 104.3 115.7 117.7
Q1 2010 120.7 113.0 107.6 105.2 116.3 118.2
Q2 2010 121.3 113.7 109.8 106.5 117.3 119.3
Q3 2010 122.1 114.4 110.7 108.5 117.9 120.1
Q4 2010 123.5 115.0 111.6 107.7 118.0 120.9
Q1 2011 124.4 116.3 113.6 106.0 118.7 120.4
Q2 2011 124.7 116.3 113.8 105.5 118.8 121.3
Q3 2011 126.4 116.5 114.3 108.1 119.3 121.5
Q4 2011 127.4 116.7 114.4 107.9 119.5 122.9
Q1 2012 127.4 116.7 114.7 109.1 120.3 123.7
Q2 2012 127.9 116.6 114.8 108.5 120.2 124.3
Q3 2012 128.1 116.8 115.1 108.0 121.5 124.4
Q4 2012 128.3 116.7 114.6 108.3 121.4 124.5
Q1 2013 129.6 116.7 114.3 109.5 122.1 125.3
Q2 2013 130.4 117.5 115.3 110.5 122.8 125.6
Q3 2013 131.5 117.5 115.9 111.4 123.9 126.6
Q4 2013 132.8 118.0 116.4 111.3 124.5 127.8
Q1 2014 133.0 118.1 117.4 112.3 125.6 127.5
Q2 2014 134.6 118.3 117.2 110.3 126.6 128.9
Q3 2014 135.6 118.9 117.6 110.3 127.6 130.6
Q4 2014 136.2 119.0 118.6 111.0 128.6 131.2
Q1 2015 135.9 119.4 118.8 112.5 129.0 132.3
Q2 2015 135.7 119.4 119.3 112.6 129.8 133.2
Q3 2015 136.5 119.9 119.7 112.7 130.3 133.7
Q4 2015 136.6 120.2 120.2 112.4 131.2 133.9
Q1 2016 137.5 120.9 120.9 113.1 131.5 134.1
Q2 2016 137.1 120.8 121.5 113.5 132.1 134.8
Q3 2016 138.6 121.0 121.9 113.7 132.9 135.8
Q4 2016 139.3 121.6 122.4 114.0 133.9 136.3
Q1 2017 140.7 122.4 123.5 114.6 134.3 136.8
Q2 2017 142.2 123.1 124.3 115.3 134.6 137.8
Q3 2017 142.8 123.8 125.2 115.9 135.2 138.9
Q4 2017 143.4 124.6 126.0 116.4 135.7 139.9
Source: OECD, Quarterly National Accounts.

Economic growth in Canada moderated in the second half of 2017, following strong gains in the first half

Real GDP, annual growth, percent
Description for Chart 2
Real GDP, annual growth, percent
Year GDP, average annual growth
2007 2.1
2008 1.0
2009 -2.9
2010 3.1
2011 3.1
2012 1.7
2013 2.5
2014 2.9
2015 1.0
2016 1.4
2017 3.0
Source: Statistics Canada, CANSIM 380-0064.
Output and employment, year-over-year percent change
Description for Chart 3
Output and employment, year-over-year percent change
Month Real gross domestic product Employment
January 2007 1.4 2.5
Februray 2007 1.7 2.4
March 2007 1.8 2.3
April 2007 1.9 2.1
May 2007 2.3 1.7
June 2007 2.8 2.0
July 2007 2.6 2.3
August 2007 2.8 2.3
September 2007 2.7 2.4
October 2007 2.6 2.6
November 2007 2.5 2.5
December 2007 1.4 2.2
January 2008 2.0 2.0
Februray 2008 1.3 2.1
March 2008 1.2 1.8
April 2008 1.2 2.0
May 2008 0.8 1.8
June 2008 0.7 1.5
July 2008 1.1 1.1
August 2008 0.7 1.2
September 2008 0.9 1.3
October 2008 0.7 1.1
November 2008 -0.4 0.3
December 2008 -1.4 0.1
January 2009 -2.2 -0.8
Februray 2009 -2.6 -1.3
March 2009 -3.5 -1.4
April 2009 -4.0 -1.7
May 2009 -4.1 -1.9
June 2009 -4.2 -1.9
July 2009 -4.4 -1.9
August 2009 -4.4 -1.9
September 2009 -3.7 -2.1
October 2009 -3.5 -2.2
November 2009 -1.9 -1.1
December 2009 -0.3 -1.0
January 2010 0.8 0.0
Februray 2010 1.9 0.4
March 2010 3.2 0.6
April 2010 3.4 1.3
May 2010 4.0 1.6
June 2010 4.1 2.1
July 2010 4.1 2.0
August 2010 4.5 2.1
September 2010 3.7 1.7
October 2010 4.1 1.8
November 2010 3.9 1.5
December 2010 4.4 1.8
January 2011 4.0 1.9
Februray 2011 3.3 1.8
March 2011 3.1 1.8
April 2011 3.3 1.6
May 2011 2.6 1.4
June 2011 2.8 1.2
July 2011 3.4 1.4
August 2011 3.6 1.5
September 2011 3.9 1.7
October 2011 3.4 1.4
November 2011 3.1 1.2
December 2011 2.9 1.2
January 2012 2.6 0.7
Februray 2012 2.5 0.7
March 2012 2.4 1.1
April 2012 2.7 1.5
May 2012 2.9 1.4
June 2012 2.5 1.3
July 2012 2.1 1.0
August 2012 1.3 1.2
September 2012 1.0 1.3
October 2012 1.0 1.5
November 2012 1.2 1.7
December 2012 0.7 1.8
January 2013 1.2 2.0
Februray 2013 1.8 2.2
March 2013 2.0 1.5
April 2013 2.0 1.1
May 2013 2.3 1.5
June 2013 1.8 1.4
July 2013 2.2 1.5
August 2013 2.8 1.4
September 2013 3.2 1.2
October 2013 3.9 1.2
November 2013 3.7 1.0
December 2013 3.3 0.7
January 2014 2.8 0.7
Februray 2014 3.0 0.6
March 2014 2.8 0.9
April 2014 3.0 0.7
May 2014 3.2 0.4
June 2014 3.9 0.5
July 2014 3.3 0.7
August 2014 2.6 0.4
September 2014 2.6 0.5
October 2014 2.5 0.8
November 2014 2.2 0.7
December 2014 2.8 0.6
January 2015 2.4 0.7
Februray 2015 1.8 0.8
March 2015 1.6 0.8
April 2015 1.1 0.8
May 2015 0.4 1.1
June 2015 0.5 1.0
July 2015 0.8 0.9
August 2015 1.4 1.1
September 2015 0.5 0.9
October 2015 0.1 0.7
November 2015 0.5 0.7
December 2015 0.4 0.9
January 2016 1.3 0.7
Februray 2016 1.3 0.6
March 2016 1.1 0.7
April 2016 1.3 0.8
May 2016 0.7 0.5
June 2016 0.9 0.6
July 2016 1.2 0.4
August 2016 1.1 0.5
September 2016 1.9 0.9
October 2016 1.8 1.0
November 2016 1.8 1.1
December 2016 2.1 1.2
January 2017 2.0 1.5
Februray 2017 2.3 1.6
March 2017 2.9 1.5
April 2017 3.2 1.6
May 2017 4.5 1.8
June 2017 4.2 2.0
July 2017 3.7 2.2
August 2017 3.5 2.1
September 2017 3.3 1.8
October 2017 3.4 1.7
November 2017 3.5 2.2
December 2017 3.4 2.3
January 2018 2.7 1.6
Februray 2018   1.5
March 2018   1.6
Sources: Statistics Canada, CANSIM tables 379-0031 and 282-0087.

Consumer spending was the main contributor to economic growth in 2017

Contribution to percent change in real GDP, percentage points
Description for Chart 4
Contribution to percent change in real GDP, percentage points
Quarter Final consumption expenditure Gross fixed capital formation Investment in inventories Exports of goods and services Imports of goods and services Gross domestic product at market prices
Q1 2014 0.204 0.058 -0.204 -0.217 0.295 0.124
Q2 2014 0.492 0.220 -0.617 2.009 -0.966 1.199
Q3 2014 0.422 0.333 -0.251 0.379 -0.175 0.728
Q4 2014 0.314 0.334 0.206 -0.020 -0.341 0.454
Q1 2015 0.402 -1.102 0.515 -0.173 0.053 -0.200
Q2 2015 0.254 -0.571 -0.454 0.547 0.076 -0.145
Q3 2015 0.546 -0.417 -0.526 0.493 0.488 0.565
Q4 2015 0.411 -0.078 0.076 -0.263 0.019 0.104
Q1 2016 0.446 -0.200 -0.193 0.642 -0.016 0.616
Q2 2016 0.485 -0.099 0.377 -1.123 0.088 -0.262
Q3 2016 0.386 0.117 0.274 0.644 -0.378 1.051
Q4 2016 0.545 -0.327 -0.514 0.086 0.789 0.555
Q1 2017 0.671 0.454 0.700 0.210 -1.079 0.989
Q2 2017 0.729 0.166 0.207 0.487 -0.508 1.075
Q3 2017 0.711 0.255 0.179 -0.847 -0.027 0.383
Q4 2017 0.449 0.531 -0.178 0.221 -0.504 0.426
Source: Statistics Canada, CANSIM table 380-0064.

Following notable declines in 2015 and 2016, business investment picked up in 2017, but remained below previous levels

Business gross fixed capital formation, index (Q1 2007=100)
Description for Chart 5
Business gross fixed capital formation, index (Q1 2007=100)
Quarter Total business gross fixed capital formation Residential structures Non-residential structures Machinery and equipment Intellectual property products
Q1 2007 100.0 100.0 100.0 100.0 100.0
Q2 2007 100.6 100.6 99.8 101.3 100.7
Q3 2007 100.8 100.3 100.2 101.6 102.1
Q4 2007 102.1 100.7 100.5 105.0 104.5
Q1 2008 104.0 99.5 107.2 105.4 107.6
Q2 2008 103.3 97.2 108.7 104.1 107.6
Q3 2008 102.2 95.0 109.3 103.3 105.8
Q4 2008 96.8 89.5 106.6 95.3 100.1
Q1 2009 85.1 83.7 91.8 79.1 88.0
Q2 2009 83.9 86.7 85.7 77.9 85.4
Q3 2009 85.5 90.2 84.9 80.3 85.6
Q4 2009 89.0 95.8 85.7 84.3 87.7
Q1 2010 92.9 98.5 93.9 84.9 91.8
Q2 2010 95.1 97.3 98.6 88.8 95.6
Q3 2010 96.5 95.5 104.7 89.2 97.6
Q4 2010 98.8 94.8 111.2 92.1 97.7
Q1 2011 100.7 96.8 115.5 93.3 95.6
Q2 2011 102.6 96.6 114.6 100.2 101.0
Q3 2011 104.1 99.1 119.5 95.0 104.0
Q4 2011 106.1 100.1 124.0 96.5 104.1
Q1 2012 109.1 104.4 127.3 98.3 104.7
Q2 2012 110.3 103.9 133.1 99.1 99.8
Q3 2012 110.2 103.1 133.7 99.0 100.7
Q4 2012 111.4 103.0 138.1 99.1 99.7
Q1 2013 112.2 102.3 141.0 99.7 100.3
Q2 2013 113.1 104.0 143.0 99.8 97.7
Q3 2013 113.4 103.4 146.1 97.8 98.9
Q4 2013 114.4 103.3 147.4 100.4 99.1
Q1 2014 114.8 102.2 151.0 98.7 100.2
Q2 2014 116.2 104.8 152.2 100.1 98.5
Q3 2014 118.0 107.3 154.0 101.9 97.8
Q4 2014 119.8 107.7 156.9 104.1 100.8
Q1 2015 113.2 108.5 140.8 98.2 92.8
Q2 2015 110.7 108.7 134.9 95.2 91.3
Q3 2015 108.5 110.1 129.5 91.0 89.4
Q4 2015 107.9 110.6 123.9 93.8 90.6
Q1 2016 106.2 112.8 118.5 91.1 88.0
Q2 2016 105.4 113.4 114.3 91.8 87.7
Q3 2016 105.6 112.6 122.2 86.6 83.5
Q4 2016 103.3 113.8 113.3 86.2 81.7
Q1 2017 106.1 116.4 113.8 92.0 85.0
Q2 2017 107.1 115.5 116.8 93.7 85.6
Q3 2017 107.9 115.5 118.8 94.3 86.9
Q4 2017 110.4 119.2 120.4 97.2 86.9
Source: Statistics Canada, CANSIM table 380-0068.

Oil and gas extraction and manufacturing supported growth in the first half of 2017, as construction strengthened

Real gross domestic product, selected industries, index (January 2007=100)
Description for Chart 6
Real gross domestic product, selected industries, index (January 2007=100)
Month Mining, quarrying, and oil and gas extraction Construction Manufacturing Wholesale trade Retail trade Finance and insurance
January 2007 100.0 100.0 100.0 100.0 100.0 100.0
February 2007 101.2 100.2 100.5 103.9 100.1 100.4
March 2007 101.8 100.7 100.5 104.2 100.4 100.2
April 2007 99.4 101.1 100.8 104.2 102.0 100.4
May 2007 101.2 102.1 100.0 104.9 102.6 101.2
June 2007 101.7 102.3 100.2 105.1 102.4 101.8
July 2007 100.2 102.4 99.3 104.2 102.5 102.8
August 2007 102.4 102.8 99.0 103.5 103.9 103.0
September 2007 101.5 102.8 98.7 103.6 102.9 102.3
October 2007 99.3 102.0 98.7 104.4 103.3 102.8
November 2007 98.4 102.2 98.5 103.5 104.7 102.5
December 2007 97.4 103.4 95.9 102.4 106.4 101.6
January 2008 98.7 104.8 95.6 103.7 107.0 101.7
February 2008 97.4 105.1 95.9 102.3 106.1 100.5
March 2008 99.0 104.8 94.3 103.4 106.2 101.2
April 2008 98.6 103.7 95.6 103.0 106.6 101.2
May 2008 96.7 105.1 96.1 103.6 106.5 99.9
June 2008 98.3 104.7 95.5 104.3 106.9 99.6
July 2008 101.0 104.7 95.9 104.7 106.4 99.5
August 2008 100.2 104.5 94.2 104.2 106.6 99.0
September 2008 98.4 105.1 94.2 104.0 107.4 99.7
October 2008 99.2 105.8 92.8 102.8 106.3 101.0
November 2008 97.5 104.3 91.2 100.0 104.0 98.7
December 2008 94.2 102.1 87.2 97.0 101.3 98.8
January 2009 97.0 98.8 84.1 95.2 103.1 98.6
February 2009 93.5 97.5 83.2 94.7 102.9 98.6
March 2009 88.2 96.3 82.0 93.9 102.7 99.0
April 2009 85.4 95.7 80.7 93.9 102.6 99.3
May 2009 85.8 96.4 79.7 94.4 103.1 98.9
June 2009 86.6 96.5 79.0 94.6 103.3 99.0
July 2009 85.5 96.8 79.6 95.6 103.4 99.1
August 2009 83.9 97.5 80.0 95.9 103.5 98.4
September 2009 87.0 98.6 80.9 96.0 104.1 99.5
October 2009 87.0 99.6 80.5 96.4 104.0 99.1
November 2009 88.2 101.5 81.8 98.2 102.3 99.9
December 2009 87.2 102.5 81.4 100.1 104.0 99.5
January 2010 90.0 104.3 82.3 101.3 105.6 99.2
February 2010 92.8 104.8 83.4 100.7 105.6 98.7
March 2010 94.0 105.2 84.7 101.5 107.8 99.7
April 2010 93.6 105.6 84.6 101.4 105.4 100.1
May 2010 98.3 105.4 85.0 101.5 105.0 101.1
June 2010 97.7 105.9 86.1 102.4 105.7 100.3
July 2010 97.5 106.1 86.1 101.3 106.0 101.0
August 2010 97.1 106.8 86.0 103.2 106.4 101.9
September 2010 95.5 107.1 85.4 103.6 106.4 102.2
October 2010 98.9 107.5 85.3 104.4 106.0 102.8
November 2010 100.1 107.8 84.8 106.0 107.7 103.7
December 2010 102.4 108.0 86.2 108.0 107.1 104.1
January 100.0 109.0 87.0 109.6 106.8 104.4
February 2011 99.5 109.4 86.3 108.0 106.8 104.5
March 2011 101.8 108.8 86.9 109.2 105.3 104.4
April 2011 102.5 108.6 86.9 108.0 106.5 103.9
May 2011 98.8 108.4 86.4 109.2 106.5 104.0
June 2011 100.5 109.5 86.8 108.8 107.9 104.9
July 2011 103.6 110.3 88.1 111.9 106.9 104.1
August 2011 107.3 111.1 87.9 111.1 106.8 106.3
September 2011 107.6 111.6 88.9 111.6 107.1 105.4
October 2011 105.9 111.8 89.1 113.1 107.8 105.2
November 2011 105.2 112.3 89.6 113.3 107.8 104.8
December 2011 105.6 113.5 91.1 114.3 109.5 104.2
January 2012 106.2 114.7 90.8 112.6 108.4 105.2
February 2012 102.9 115.6 89.2 113.7 107.3 105.6
March 2012 102.6 117.3 89.6 114.7 107.8 105.6
April 2012 103.0 118.7 90.3 115.2 106.7 104.6
May 2012 102.2 118.5 89.9 114.3 107.0 106.4
June 2012 100.4 119.2 89.9 114.7 107.1 106.7
July 2012 99.4 119.4 89.9 115.2 108.2 107.3
August 2012 97.3 119.7 89.5 114.7 107.3 107.4
September 2012 97.8 120.4 88.4 114.5 107.7 107.8
October 2012 99.4 121.4 87.4 113.9 107.5 107.3
November 2012 101.6 121.9 88.3 115.8 108.2 106.7
December 2012 102.0 122.5 87.2 115.1 108.1 107.9
January 2013 102.5 122.5 88.3 116.7 110.7 107.6
February 2013 104.5 123.0 88.5 117.6 110.4 107.9
March 2013 105.6 123.8 88.8 117.7 111.1 108.6
April 2013 105.3 124.6 88.3 118.4 112.1 110.1
May 2013 105.0 125.0 88.2 119.5 114.4 111.0
June 2013 103.8 122.2 88.2 117.3 113.1 111.0
July 2013 106.1 124.8 88.0 120.5 114.2 112.0
August 2013 107.6 125.2 88.6 120.1 115.3 111.2
September 2013 108.9 124.9 89.8 120.7 115.0 110.7
October 2013 109.9 125.3 90.9 121.8 115.8 111.1
November 2013 109.3 125.6 90.7 122.4 115.8 112.3
December 2013 109.7 124.5 88.7 119.8 115.3 111.9
January 2014 110.1 125.5 89.1 118.9 114.3 112.1
February 2014 112.0 126.2 90.8 120.7 114.1 111.4
March 2014 114.2 125.9 89.9 120.7 113.6 111.2
April 2014 117.2 125.4 90.6 120.4 113.9 111.9
May 2014 117.5 127.1 91.7 122.3 114.1 111.9
June 2014 118.9 127.7 92.5 123.1 114.8 112.3
July 2014 116.1 128.6 92.9 122.2 115.1 112.8
August 2014 111.9 127.9 91.8 123.2 115.0 113.9
September 2014 115.6 128.3 92.3 125.7 115.1 115.1
October 2014 117.5 129.7 92.5 123.8 115.2 116.5
November 2014 116.5 129.8 91.6 123.0 115.6 116.1
December 2014 114.7 128.7 93.2 125.1 116.3 117.5
January 2015 114.1 126.2 92.3 122.4 114.2 118.1
February 2015 113.0 124.1 91.5 122.7 116.0 118.3
March 2015 111.0 122.9 92.2 123.0 117.3 118.6
April 2015 110.6 122.1 91.7 124.7 116.4 117.8
May 2015 109.8 122.7 91.3 123.1 117.1 117.5
June 2015 112.9 121.6 90.7 124.2 117.9 118.4
July 2015 116.2 121.1 91.3 123.5 118.5 119.6
August 2015 115.9 121.5 92.6 123.3 119.1 120.3
September 2015 110.5 120.5 91.7 123.2 120.4 120.5
October 2015 112.1 119.7 91.2 123.6 119.4 120.6
November 2015 112.2 119.5 92.0 124.9 120.8 120.1
December 2015 112.2 119.1 92.2 125.3 119.6 120.6
January 2016 112.5 119.2 93.2 125.7 121.3 122.5
February 2016 111.4 119.1 92.5 123.0 122.9 122.3
March 2016 110.8 118.2 92.1 122.3 121.0 122.8
April 2016 108.4 118.2 92.2 123.2 121.1 123.9
May 2016 101.5 117.1 90.6 123.4 120.9 123.9
June 2016 106.2 116.7 91.9 124.1 120.3 124.7
July 2016 112.1 117.1 92.1 123.6 121.0 125.1
August 2016 112.9 116.6 92.3 123.7 121.2 125.3
September 2016 116.3 117.3 92.6 122.7 122.3 125.7
October 2016 115.5 117.2 91.5 124.7 123.2 125.3
November 2016 118.0 117.8 92.7 124.4 123.7 126.6
December 2016 116.5 118.8 93.6 126.7 123.6 126.5
January 2017 119.3 119.5 94.2 129.0 125.0 125.9
February 2017 118.6 119.9 93.6 129.6 125.4 126.6
March 2017 117.5 120.4 94.5 131.2 126.6 127.3
April 2017 117.5 121.7 94.5 132.0 127.1 127.4
May 2017 123.7 120.6 95.2 132.5 127.5 129.3
June 2017 123.1 122.4 96.3 132.0 128.4 129.1
July 2017 121.4 122.6 96.3 134.3 128.3 128.3
August 2017 121.4 123.1 95.2 134.8 127.6 127.8
September 2017 122.6 123.9 95.0 133.7 127.1 127.8
October 2017 121.5 124.6 95.1 136.1 128.8 127.7
November 2017 121.9 125.4 96.8 136.3 129.6 128.1
December 2017 123.5 125.0 96.5 136.0 128.6 128.9
January 2018 120.1 125.7 97.2 136.7 128.9 129.2
Source: Statistics Canada, CANSIM table 379-0031.

Oil and gas extraction moderated in the second half of 2017, as construction activity continued to increase

Real gross domestic product, selected industries, index (January 2007=100)
Description for Chart 7
Real gross domestic product, selected industries, index (January 2007=100)
Month Conventional oil and gas extraction  Non-conventional oil extraction  Support activities for mining and oil and gas extraction  Petroleum refineries  Crude oil and other pipeline transportation 
January 2007 100.0 100.0 100.0 100.0 100.0
February 2007 100.2 108.1 98.8 99.8 97.7
March 2007 100.3 112.5 95.5 100.7 96.6
April 2007 103.4 102.3 80.3 102.7 96.8
May 2007 103.7 100.0 88.1 100.6 96.1
June 2007 105.5 94.4 95.1 101.5 93.2
July 2007 99.5 101.6 100.9 104.6 96.6
August 2007 100.8 110.6 94.9 102.1 95.3
September 2007 101.0 106.4 94.1 101.6 94.8
October 2007 99.4 105.1 90.8 101.4 94.0
November 2007 98.3 101.8 93.4 98.9 93.6
December 2007 97.9 93.2 91.6 100.3 91.7
January 2008 95.7 104.9 94.3 99.8 92.3
February 2008 94.7 102.5 92.2 97.4 91.7
March 2008 95.9 105.7 93.3 91.6 90.6
April 2008 97.5 101.6 89.4 97.6 89.4
May 2008 95.4 97.9 90.3 98.3 91.7
June 2008 93.5 105.2 106.8 97.9 89.4
July 2008 97.2 107.9 111.6 96.4 86.8
August 2008 94.5 110.9 111.6 94.0 87.6
September 2008 94.4 106.3 108.2 93.9 86.1
October 2008 95.9 107.3 112.2 96.1 89.8
November 2008 93.6 109.4 110.0 97.9 88.1
December 2008 91.1 112.9 89.7 98.2 90.7
January 2009 92.1 115.1 91.7 100.2 88.3
February 2009 91.4 121.6 86.4 102.4 85.2
March 2009 88.5 118.2 64.7 103.0 84.3
April 2009 85.9 111.9 69.9 98.2 83.2
May 2009 82.4 124.7 68.1 103.6 80.7
June 2009 85.8 127.2 67.2 101.2 84.3
July 2009 86.3 128.8 62.4 100.7 83.4
August 2009 81.7 122.8 68.7 100.4 82.8
September 2009 82.1 127.7 72.7 95.1 86.4
October 2009 81.3 130.1 70.2 94.6 87.3
November 2009 82.9 130.4 80.3 98.4 87.8
December 2009 81.2 120.8 92.0 99.6 85.7
January 2010 83.6 113.8 90.3 100.9 82.0
February 2010 82.4 127.1 98.0 94.6 81.4
March 2010 83.6 131.8 89.6 94.5 87.6
April 2010 83.8 135.1 87.2 91.4 85.8
May 2010 85.4 144.8 97.8 94.4 87.9
June 2010 85.3 145.7 94.3 98.3 87.8
July 2010 86.1 140.3 94.2 95.2 89.8
August 2010 88.4 136.5 88.7 93.7 90.0
September 2010 87.3 131.9 81.0 96.9 80.1
October 2010 86.6 139.0 92.8 84.0 82.6
November 2010 86.7 148.9 92.9 89.1 87.7
December 2010 88.4 153.5 97.6 92.0 87.6
January 2011 88.4 146.5 89.1 88.0 97.8
February 2011 86.3 148.5 88.9 87.6 102.6
March 2011 87.6 146.8 104.3 88.6 99.2
April 2011 88.1 151.6 101.8 89.9 95.2
May 2011 86.9 135.6 102.8 78.8 94.5
June 2011 85.4 145.7 103.2 83.3 96.5
July 2011 87.7 151.0 105.1 84.0 100.9
August 2011 89.5 154.0 123.7 86.7 106.1
September 2011 89.9 155.4 123.9 95.1 106.2
October 2011 89.1 151.4 124.1 91.1 106.2
November 2011 87.9 151.7 123.7 89.3 104.0
December 2011 88.0 153.1 120.6 88.4 105.7
January 2012 87.8 160.8 121.7 87.4 110.9
February 2012 86.0 154.8 124.0 89.7 109.0
March 2012 85.6 145.8 127.2 86.6 109.9
April 2012 84.8 157.4 117.8 90.8 113.5
May 2012 82.4 162.9 108.7 88.5 117.1
June 2012 79.7 158.8 108.6 86.8 117.2
July 2012 78.4 162.0 104.5 91.4 115.3
August 2012 76.6 159.1 102.8 89.6 113.4
September 2012 76.5 156.9 107.2 87.8 111.0
October 2012 81.0 160.4 102.4 94.3 104.8
November 2012 83.1 156.9 105.2 93.5 109.4
December 2012 81.6 162.6 107.7 93.1 114.9
January 2013 82.1 159.9 112.0 93.9 116.0
February 2013 82.7 161.2 116.8 89.7 117.4
March 2013 83.4 167.5 113.1 90.7 119.5
April 2013 83.3 164.8 114.5 90.6 117.9
May 2013 84.9 160.3 110.2 80.3 115.1
June 2013 85.5 161.0 104.9 94.7 116.9
July 2013 86.9 163.7 111.7 88.7 114.9
August 2013 86.9 170.5 116.6 91.2 118.9
September 2013 87.3 173.2 118.3 94.9 119.6
October 2013 86.0 176.2 120.4 90.0 123.4
November 2013 86.1 180.6 111.3 94.5 122.1
December 2013 87.4 184.3 106.4 90.0 115.4
January 2014 87.7 182.4 112.6 90.2 116.4
February 2014 89.2 181.5 115.6 96.5 118.5
March 2014 88.6 189.6 123.6 85.7 119.1
April 2014 87.7 200.0 131.5 88.4 118.8
May 2014 89.2 202.4 127.9 91.8 125.3
June 2014 90.4 205.1 123.0 103.1 128.2
July 2014 89.7 197.2 120.3 98.4 125.0
August 2014 86.2 189.7 111.3 94.9 122.9
September 2014 88.7 201.2 113.3 87.9 125.1
October 2014 90.0 208.7 112.0 92.3 124.4
November 2014 91.4 198.2 114.6 96.9 124.7
December 2014 88.7 199.3 110.3 97.2 125.6
January 2015 89.5 209.5 88.9 94.1 123.2
February 2015 88.9 214.9 73.5 92.9 127.5
March 2015 87.4 212.9 65.3 96.7 124.0
April 2015 86.7 205.6 75.5 95.1 132.6
May 2015 85.1 201.7 83.9 96.5 128.8
June 2015 85.1 214.6 84.8 88.0 132.8
July 2015 85.3 232.2 81.6 89.3 138.0
August 2015 85.8 227.9 84.3 94.8 142.7
September 2015 86.4 201.8 76.7 92.2 141.0
October 2015 85.2 214.8 77.5 93.0 135.7
November 2015 86.0 218.3 73.7 88.6 138.5
December 2015 86.2 220.9 65.9 92.0 142.6
January 2016 87.8 220.5 64.3 93.3 147.4
February 2016 86.7 218.6 60.1 92.6 149.6
March 2016 87.2 223.3 51.4 93.1 143.1
April 2016 88.3 208.7 51.3 96.4 136.9
May 2016 89.8 162.9 52.6 83.2 130.9
June 2016 89.6 184.9 53.4 91.6 133.9
July 2016 90.3 222.9 53.8 98.9 138.1
August 2016 91.1 222.2 56.0 94.1 144.5
September 2016 92.1 236.2 59.1 91.5 147.5
October 2016 89.3 236.6 60.6 85.6 145.3
November 2016 89.3 244.5 65.9 91.8 148.1
December 2016 86.9 232.8 76.7 92.8 145.3
January 2017 89.1 240.1 76.7 95.5 145.7
February 2017 88.2 242.2 78.9 94.0 147.5
March 2017 90.2 230.2 83.6 97.5 147.1
April 2017 90.9 220.9 90.3 97.3 147.0
May 2017 94.1 246.9 85.4 99.9 152.9
June 2017 94.7 242.1 84.5 100.9 153.6
July 2017 94.1 235.2 81.9 100.6 158.8
August 2017 90.6 242.2 80.3 96.6 152.0
September 2017 94.6 238.1 79.0 100.5 157.8
October 2017 96.2 229.6 76.4 105.7 155.3
November 2017 95.0 238.3 75.9 97.5 142.8
December 2017 94.0 252.7 74.6 96.1 147.9
January 2018 93.5 234.9 76.5 96.3 141.6
Source: Statistics Canada, CANSIM table 379-0031.

Output for machinery manufacturing strengthened in 2017, while auto production fell in the second half

Real gross domestic product, selected industries, index (January 2007=100)
Description for Chart 8
Real gross domestic product, selected industries, index (January 2007=100)
Month Manufacturing Wood  Petroleum and coal products Machinery Motor vehicles
January 2007 100.0 100.0 100.0 100.0 100.0
February 2007 100.5 101.0 99.4 104.6 102.9
March 2007 100.5 100.1 100.2 104.8 109.2
April 2007 100.8 98.5 102.5 103.9 100.9
May 2007 100.0 96.6 101.1 102.8 97.9
June 2007 100.2 98.7 100.9 103.0 92.3
July 2007 99.3 93.8 104.1 101.7 94.9
August 2007 99.0 96.7 101.8 101.5 97.6
September 2007 98.7 93.3 100.5 106.7 100.4
October 2007 98.7 93.4 100.9 103.2 105.4
November 2007 98.5 94.7 98.1 100.9 103.9
December 2007 95.9 90.3 98.9 97.4 76.6
January 2008 95.6 87.9 98.5 101.0 76.6
February 2008 95.9 88.1 95.9 98.3 84.5
March 2008 94.3 86.4 91.2 98.9 75.7
April 2008 95.6 88.2 95.6 100.6 82.7
May 2008 96.1 88.6 97.2 105.8 79.4
June 2008 95.5 88.2 98.3 101.6 83.4
July 2008 95.9 90.3 97.1 100.5 78.8
August 2008 94.2 85.6 96.5 100.8 75.6
September 2008 94.2 86.9 96.2 101.0 75.6
October 2008 92.8 87.2 97.8 103.2 68.0
November 2008 91.2 82.6 100.6 98.7 69.5
December 2008 87.2 76.1 102.1 97.2 50.3
January 2009 84.1 75.8 103.3 93.2 32.8
February 2009 83.2 72.0 105.6 89.5 40.5
March 2009 82.0 70.6 105.2 86.8 45.6
April 2009 80.7 66.6 99.5 85.0 49.8
May 2009 79.7 67.6 104.7 85.1 41.5
June 2009 79.0 68.9 102.9 81.8 40.7
July 2009 79.6 69.4 103.5 80.9 51.0
August 2009 80.0 71.4 102.2 80.8 66.7
September 2009 80.9 73.0 98.3 77.6 65.1
October 2009 80.5 71.5 97.7 77.8 66.5
November 2009 81.8 74.5 98.9 80.0 64.5
December 2009 81.4 74.8 101.0 78.1 69.4
January 2010 82.3 70.5 102.5 80.4 70.0
February 2010 83.4 71.3 97.2 80.4 74.0
March 2010 84.7 73.8 96.7 81.3 76.3
April 2010 84.6 76.2 94.8 81.3 78.9
May 2010 85.0 76.6 98.1 82.0 83.8
June 2010 86.1 76.9 100.2 84.3 84.1
July 2010 86.1 75.9 96.5 86.1 83.1
August 2010 86.0 77.3 95.5 88.8 81.6
September 2010 85.4 75.5 97.7 85.1 79.2
October 2010 85.3 75.5 85.5 85.1 86.9
November 2010 84.8 76.3 91.3 86.9 69.2
December 2010 86.2 76.4 93.1 90.1 77.3
January 2011 87.0 77.9 90.0 92.2 87.1
February 2011 86.3 77.4 90.3 92.2 81.8
March 2011 86.9 76.4 92.5 94.4 85.7
April 2011 86.9 77.5 93.0 97.1 75.0
May 2011 86.4 76.0 84.1 99.2 74.4
June 2011 86.8 75.1 87.1 98.7 75.7
July 2011 88.1 79.1 88.1 102.7 78.0
August 2011 87.9 74.4 89.5 100.6 79.3
September 2011 88.9 75.8 97.1 106.0 79.4
October 2011 89.1 80.4 93.8 106.6 78.7
November 2011 89.6 77.4 92.4 112.4 81.6
December 2011 91.1 79.3 91.6 111.2 89.0
January 2012 90.8 80.3 90.4 108.3 96.7
February 2012 89.2 79.4 93.0 107.5 87.0
March 2012 89.6 80.4 91.3 110.3 87.8
April 2012 90.3 82.1 93.6 108.7 95.7
May 2012 89.9 80.2 91.0 108.7 95.2
June 2012 89.9 79.2 88.7 112.9 95.4
July 2012 89.9 79.1 92.1 109.3 94.3
August 2012 89.5 80.3 89.6 107.7 93.4
September 2012 88.4 80.4 86.9 104.5 95.8
October 2012 87.4 80.8 93.7 101.0 90.0
November 2012 88.3 81.2 92.7 95.6 90.5
December 2012 87.2 79.7 92.0 96.1 82.8
January 2013 88.3 81.6 93.2 100.5 84.5
February 2013 88.5 84.4 89.2 99.2 86.1
March 2013 88.8 84.7 91.5 103.1 88.4
April 2013 88.3 85.3 91.2 104.7 87.6
May 2013 88.2 87.8 81.8 106.7 86.1
June 2013 88.2 88.6 93.8 104.1 91.6
July 2013 88.0 88.7 88.5 106.1 86.8
August 2013 88.6 88.6 91.4 106.4 82.6
September 2013 89.8 88.3 94.6 107.7 89.5
October 2013 90.9 87.5 89.9 109.3 91.8
November 2013 90.7 88.2 94.1 110.2 91.3
December 2013 88.7 85.1 89.4 107.9 87.6
January 2014 89.1 87.5 90.0 106.3 87.6
February 2014 90.8 87.5 95.5 108.2 88.4
March 2014 89.9 87.0 85.2 107.3 84.7
April 2014 90.6 89.0 87.6 107.8 87.6
May 2014 91.7 86.2 90.6 106.7 98.3
June 2014 92.5 87.8 101.5 104.3 90.5
July 2014 92.9 91.3 97.6 106.9 88.6
August 2014 91.8 87.1 94.0 107.2 86.9
September 2014 92.3 89.9 88.0 110.4 98.2
October 2014 92.5 89.2 92.5 108.4 98.2
November 2014 91.6 88.5 95.7 108.4 96.1
December 2014 93.2 90.8 95.1 111.2 97.1
January 2015 92.3 89.1 91.5 109.6 92.5
February 2015 91.5 89.6 90.1 108.2 83.1
March 2015 92.2 91.5 93.6 109.2 85.5
April 2015 91.7 91.8 92.8 106.2 84.6
May 2015 91.3 90.7 94.6 103.9 87.6
June 2015 90.7 92.1 86.3 100.4 84.4
July 2015 91.3 92.9 88.0 102.2 89.5
August 2015 92.6 96.6 93.5 100.5 94.9
September 2015 91.7 93.2 90.4 97.9 92.8
October 2015 91.2 93.8 90.7 101.1 92.4
November 2015 92.0 96.4 86.8 100.0 94.1
December 2015 92.2 102.8 90.4 97.5 93.8
January 2016 93.2 100.9 90.1 97.5 104.1
February 2016 92.5 99.8 90.2 97.1 94.7
March 2016 92.1 99.5 90.9 96.0 92.4
April 2016 92.2 95.5 93.1 94.3 93.5
May 2016 90.6 98.5 81.8 93.2 87.3
June 2016 91.9 99.3 89.6 93.2 89.6
July 2016 92.1 97.8 95.9 96.9 89.8
August 2016 92.3 97.1 91.2 95.4 89.3
September 2016 92.6 99.5 89.4 99.5 88.1
October 2016 91.5 99.4 84.0 97.7 88.1
November 2016 92.7 100.5 89.5 100.6 85.8
December 2016 93.6 99.5 90.8 105.5 88.4
January 2017 94.2 103.0 94.3 105.9 91.7
February 2017 93.6 99.6 93.4 106.5 88.3
March 2017 94.5 100.9 95.7 110.3 92.0
April 2017 94.5 99.0 95.5 111.8 90.5
May 2017 95.2 100.5 97.7 112.3 91.2
June 2017 96.3 98.4 98.0 117.0 94.2
July 2017 96.3 99.2 97.4 113.3 82.4
August 2017 95.2 99.3 94.3 116.4 81.6
September 2017 95.0 100.0 98.1 113.0 79.0
October 2017 95.1 102.2 102.8 112.0 73.8
November 2017 96.8 102.6 95.8 116.9 84.8
December 2017 96.5 102.8 95.5 116.5 84.3
January 2018 97.2 98.7 94.9 114.2 78.8
Source: Statistics Canada, CANSIM table 379-0031.

Labour market conditions improved throughout 2017, as the unemployment rate declined to a record low

Unemployment rate for Canada, percent
Description for Chart 9
Unemployment rate for Canada, percent
Month Unemployment rate (percentage)
January 2007 6.2
February 2007 6.2
March 2007 6.1
April 2007 6.2
May 2007 6.0
June 2007 6.1
July 2007 6.0
August 2007 5.9
September 2007 5.9
October 2007 5.8
November 2007 6.0
December 2007 6.0
January 2008 5.9
February 2008 5.9
March 2008 6.1
April 2008 6.0
May 2008 6.0
June 2008 6.0
July 2008 6.1
August 2008 6.1
September 2008 6.1
October 2008 6.2
November 2008 6.6
December 2008 6.9
January 2009 7.4
February 2009 8.0
March 2009 8.1
April 2009 8.3
May 2009 8.6
June 2009 8.7
July 2009 8.7
August 2009 8.7
September 2009 8.4
October 2009 8.4
November 2009 8.5
December 2009 8.5
January 2010 8.3
February 2010 8.2
March 2010 8.2
April 2010 8.1
May 2010 8.0
June 2010 7.9
July 2010 8.1
August 2010 8.1
September 2010 8.1
October 2010 7.8
November 2010 7.6
December 2010 7.6
January 2011 7.7
February 2011 7.7
March 2011 7.7
April 2011 7.6
May 2011 7.5
June 2011 7.5
July 2011 7.3
August 2011 7.3
September 2011 7.4
October 2011 7.4
November 2011 7.5
December 2011 7.4
January 2012 7.6
February 2012 7.5
March 2012 7.3
April 2012 7.3
May 2012 7.4
June 2012 7.2
July 2012 7.3
August 2012 7.2
September 2012 7.3
October 2012 7.4
November 2012 7.2
December 2012 7.2
January 2013 7.1
February 2013 7.1
March 2013 7.3
April 2013 7.1
May 2013 7.0
June 2013 7.1
July 2013 7.2
August 2013 7.1
September 2013 7.0
October 2013 7.0
November 2013 7.0
December 2013 7.2
January 2014 7.0
February 2014 7.0
March 2014 7.0
April 2014 7.0
May 2014 7.0
June 2014 7.0
July 2014 7.1
August 2014 7.0
September 2014 6.9
October 2014 6.7
November 2014 6.7
December 2014 6.7
January 2015 6.6
February 2015 6.8
March 2015 6.8
April 2015 6.8
May 2015 6.8
June 2015 6.9
July 2015 6.8
August 2015 7.0
September 2015 7.1
October 2015 7.0
November 2015 7.1
December 2015 7.1
January 2016 7.2
February 2016 7.2
March 2016 7.0
April 2016 7.1
May 2016 6.9
June 2016 6.8
July 2016 7.0
August 2016 7.0
September 2016 7.0
October 2016 6.9
November 2016 6.8
December 2016 6.9
January 2017 6.7
February 2017 6.6
March 2017 6.6
April 2017 6.4
May 2017 6.5
June 2017 6.5
July 2017 6.3
August 2017 6.2
September 2017 6.2
October 2017 6.2
November 2017 5.9
December 2017 5.8
January 2018 5.9
February 2018 5.8
March 2018 5.8
Source: Statistics Canada, CANSIM table 282-0087.

Full-time work mainly accounted for employment gains in 2017

Type of employment, year-over-year change (thousands of persons)
Description for Chart 10
Type of employment, year-over-year change (thousands of persons)
Month Full-time Part-time
January 2007 287.7 113.0
February 2007 324.8 58.0
March 2007 308.7 71.8
April 2007 247.1 88.8
May 2007 160.5 121.6
June 2007 332.8 2.8
July 2007 314.7 61.6
August 2007 267.5 110.7
September 2007 299.5 98.9
October 2007 270.1 161.4
November 2007 296.1 124.3
December 2007 265.0 94.4
January 2008 279.7 51.6
February 2008 311.5 44.1
March 2008 249.1 43.0
April 2008 289.7 37.1
May 2008 204.1 104.5
June 2008 83.2 161.4
July 2008 86.0 107.2
August 2008 139.9 64.3
September 2008 114.5 106.1
October 2008 124.7 68.9
November 2008 23.2 32.5
December 2008 -50.2 71.5
January 2009 -185.2 55.8
February 2009 -365.5 138.1
March 2009 -369.0 138.7
April 2009 -391.4 98.5
May 2009 -416.0 92.2
June 2009 -436.9 110.3
July 2009 -402.7 85.2
August 2009 -482.6 154.8
September 2009 -372.1 10.8
October 2009 -364.1 -18.3
November 2009 -221.0 40.8
December 2009 -166.0 1.5
January 2010 -67.4 72.3
February 2010 118.4 -43.7
March 2010 89.3 16.1
April 2010 138.3 86.7
May 2010 230.7 35.2
June 2010 303.0 42.6
July 2010 118.4 218.0
August 2010 206.9 135.4
September 2010 134.8 144.3
October 2010 159.5 147.3
November 2010 113.6 143.9
December 2010 180.3 127.5
January 2011 209.7 105.6
February 2011 96.4 198.5
March 2011 260.8 44.5
April 2011 236.1 28.9
May 2011 193.8 39.2
June 2011 186.6 23.6
July 2011 382.9 -144.1
August 2011 353.2 -102.2
September 2011 360.4 -65.8
October 2011 232.8 6.5
November 2011 269.2 -66.7
December 2011 231.2 -30.2
January 2012 190.4 -68.5
February 2012 229.0 -106.1
March 2012 212.3 -18.2
April 2012 250.8 -0.1
May 2012 225.5 21.2
June 2012 237.4 -14.8
July 2012 213.0 -33.9
August 2012 203.5 -2.9
September 2012 188.4 38.8
October 2012 288.2 -21.4
November 2012 253.4 48.0
December 2012 273.2 38.8
January 2013 289.5 62.1
February 2013 327.2 50.4
March 2013 195.4 57.6
April 2013 183.2 9.7
May 2013 275.1 -21.6
June 2013 199.9 36.3
July 2013 159.2 96.4
August 2013 153.5 93.8
September 2013 167.6 49.2
October 2013 172.5 34.1
November 2013 136.4 47.2
December 2013 52.4 78.5
January 2014 64.7 64.7
February 2014 72.0 42.0
March 2014 105.6 55.2
April 2014 52.2 67.2
May 2014 -70.5 137.4
June 2014 27.5 58.6
July 2014 22.3 100.8
August 2014 -6.2 73.4
September 2014 24.1 68.3
October 2014 28.1 110.4
November 2014 67.1 48.3
December 2014 145.5 -37.4
January 2015 116.6 11.7
February 2015 128.7 8.1
March 2015 126.5 7.2
April 2015 171.9 -35.9
May 2015 234.8 -42.6
June 2015 235.2 -61.0
July 2015 273.9 -105.1
August 2015 323.8 -124.7
September 2015 196.5 -30.2
October 2015 174.3 -43.5
November 2015 202.0 -74.8
December 2015 148.9 3.2
January 2016 168.1 -51.8
February 2016 54.7 51.8
March 2016 109.8 14.8
April 2016 88.2 56.5
May 2016 102.2 -8.8
June 2016 25.0 80.3
July 2016 -42.7 110.6
August 2016 -22.8 113.5
September 2016 60.6 100.0
October 2016 25.6 150.7
November 2016 -25.5 224.3
December 2016 75.2 147.0
January 2017 93.4 183.9
February 2017 250.6 41.2
March 2017 228.3 50.9
April 2017 197.6 84.5
May 2017 232.7 90.3
June 2017 262.6 96.2
July 2017 356.3 35.7
August 2017 222.8 154.9
September 2017 287.6 36.1
October 2017 401.3 -85.5
November 2017 445.2 -50.3
December 2017 391.0 36.3
January 2018 414.1 -125.4
February 2018 282.9 -0.4
March 2018 335.2 -38.9
Source: Statistics Canada, CANSIM table 282-0087.
Employment gains, to December 2017 in persons (thousands of persons)
Description for Chart 11
Employment gains, to December 2017 in persons (thousands of persons)
  Year-over-year increase
Older workers 219.4
Core aged 170.5
Youth 37.4
Men 211.9
Women 215.4
Part-time 36.3
Full-time 391.0
Source: Statistics Canada, CANSIM table 282-0087.

Service industries accounted for two-thirds of employment growth in 2017

Employment, by sector, year-over-year change (thousands of persons)
Description for Chart 12
Employment, by sector, year-over-year change (thousands of persons)
Month Goods-producing sector Services-producing sector
January 2007 81.5 319.2
February 2007 23.4 359.3
March 2007 1.6 378.8
April 2007 -34.2 370.0
May 2007 -16.4 298.6
June 2007 -17.9 353.6
July 2007 12.3 363.9
August 2007 45.2 333.0
September 2007 8.8 389.6
October 2007 -9.0 440.5
November 2007 -35.6 456.0
December 2007 -62.7 422.0
January 2008 -47.5 378.8
February 2008 -10.9 366.5
March 2008 4.7 287.4
April 2008 26.2 300.6
May 2008 22.9 285.7
June 2008 28.7 215.9
July 2008 5.3 187.8
August 2008 -7.8 212.0
September 2008 16.9 203.6
October 2008 5.3 188.2
November 2008 -26.1 81.8
December 2008 -28.6 49.9
January 2009 -149.5 20.1
February 2009 -212.3 -15.1
March 2009 -221.5 -8.8
April 2009 -269.1 -23.8
May 2009 -315.5 -8.4
June 2009 -308.0 -18.6
July 2009 -301.2 -16.2
August 2009 -303.2 -24.6
September 2009 -280.4 -80.9
October 2009 -267.6 -114.7
November 2009 -225.1 44.9
December 2009 -216.8 52.3
January 2010 -118.8 123.7
February 2010 -65.9 140.5
March 2010 -55.1 160.6
April 2010 -5.3 230.4
May 2010 51.7 214.3
June 2010 66.7 278.9
July 2010 50 286.4
August 2010 47.3 295.0
September 2010 0.9 278.2
October 2010 18.1 288.8
November 2010 35.1 222.3
December 2010 55.0 252.8
January 2011 78.2 237.2
February 2011 86.1 208.9
March 2011 104.8 200.5
April 2011 91.1 173.9
May 2011 76.1 156.9
June 2011 67.4 142.9
July 2011 73.1 165.7
August 2011 72.9 178.0
September 2011 84.3 210.2
October 2011 63.7 175.6
November 2011 70.7 131.9
December 2011 59.9 141.0
January 2012 22.0 99.8
February 2012 31.7 91.2
March 2012 36.0 158.0
April 2012 81.5 169.2
May 2012 73.1 173.5
June 2012 84.0 138.6
July 2012 91.0 88.1
August 2012 92.5 108.1
September 2012 110.8 116.5
October 2012 107.6 159.0
November 2012 96.2 205.2
December 2012 103.6 208.5
January 2013 92.5 259.0
February 2013 75.6 302.0
March 2013 58.6 194.4
April 2013 28.3 164.5
May 2013 32.4 221.2
June 2013 21.7 214.3
July 2013 14.0 241.6
August 2013 16.2 231.2
September 2013 -0.9 217.7
October 2013 18.2 188.5
November 2013 -10.6 194.1
December 2013 -50.1 181.0
January 2014 2.7 126.8
February 2014 -7.4 121.3
March 2014 17.9 142.8
April 2014 -27.3 146.8
May 2014 -45.8 112.6
June 2014 -19.9 106.2
July 2014 -20.9 144.0
August 2014 -43.8 111.0
September 2014 -24.4 116.8
October 2014 -12.5 151.0
November 2014 -9.2 124.8
December 2014 25.2 83.0
January 2015 4.0 124.3
February 2015 -29.4 166.3
March 2015 -58.6 192.4
April 2015 -31.0 167.0
May 2015 2.4 189.8
June 2015 -11.5 185.6
July 2015 -23.3 192.1
August 2015 -4.1 203.1
September 2015 -19.7 186.0
October 2015 -64.7 195.5
November 2015 -10.5 137.5
December 2015 -20.7 172.7
January 2016 -49.0 165.3
February 2016 26.8 79.6
March 2016 1.0 123.6
April 2016 -29.3 174.0
May 2016 -35.9 129.3
June 2016 -72.5 177.7
July 2016 -61.0 128.8
August 2016 -44.0 134.8
September 2016 -30.9 191.5
October 2016 2.4 173.9
November 2016 -60.9 259.8
December 2016 -56.2 278.4
January 2017 -22.1 299.4
February 2017 -78.7 370.6
March 2017 -21.2 300.4
April 2017 18.3 263.8
May 2017 23.8 299.2
June 2017 77.5 281.4
July 2017 84.0 308.1
August 2017 57.0 320.7
September 2017 54.8 268.9
October 2017 78.3 237.5
November 2017 132.1 262.8
December 2017 138.0 289.3
January 2018 110.7 177.9
February 2018 114.6 167.9
March 2018 114.9 181.3
Source: Statistics Canada, CANSIM table 282-0088.
Employment gains, to December 2017, in persons (x 1000), selected industries
Description for Chart 13
Employment gains, to December 2017, in persons (x 1000), selected industries
Industry Year-over-year increase
Manufacturing 88.3
Wholesale and retail trade 74.7
Transportation and warehousing 58.6
Construction 55.0
Finance, insurance, real estate, rental and leasing  49.9
Professional, scientific and technical services 47.6
Source: Statistics Canada, CANSIM table 282-0088.

Earnings growth accelerated in the second half of 2017

Earnings and inflation, index (January 2007=100)
Description for Chart 14
Earnings and inflation, index (January 2007=100)
Month Average weekly earnings Consumer price inflation 
January 2007 100.0 100.0
February 2007 99.6 100.7
March 2007 100.9 101.6
April 2007 101.0 102.0
May 2007 101.6 102.5
June 2007 102.2 102.3
July 2007 102.3 102.4
August 2007 102.0 102.1
September 2007 102.4 102.3
October 2007 102.6 102.0
November 2007 103.2 102.3
December 2007 103.2 102.4
January 2008 103.2 102.2
February 2008 103.8 102.6
March 2008 104.1 102.9
April 2008 104.5 103.7
May 2008 104.5 104.8
June 2008 104.6 105.5
July 2008 104.8 105.9
August 2008 104.9 105.7
September 2008 105.3 105.8
October 2008 105.8 104.7
November 2008 105.7 104.3
December 2008 105.1 103.6
January 2009 105.5 103.3
February 2009 105.6 104.0
March 2009 106.0 104.2
April 2009 105.7 104.1
May 2009 105.7 104.8
June 2009 106.1 105.2
July 2009 106.2 104.8
August 2009 106.2 104.8
September 2009 107.1 104.8
October 2009 106.7 104.8
November 2009 106.9 105.3
December 2009 107.6 104.9
January 2010 107.9 105.2
February 2010 108.6 105.7
March 2010 108.8 105.7
April 2010 109.3 106.0
May 2010 109.5 106.3
June 2010 109.9 106.2
July 2010 110.3 106.8
August 2010 110.9 106.7
September 2010 111.9 106.9
October 2010 111.2 107.3
November 2010 111.6 107.4
December 2010 111.8 107.4
January 2011 112.9 107.7
February 2011 112.4 108.0
March 2011 112.4 109.1
April 2011 112.4 109.5
May 2011 112.7 110.2
June 2011 112.5 109.5
July 2011 112.3 109.7
August 2011 112.7 110.0
September 2011 112.9 110.2
October 2011 114.1 110.4
November 2011 113.7 110.5
December 2011 113.8 109.9
January 2012 114.4 110.3
February 2012 113.7 110.8
March 2012 114.6 111.2
April 2012 115.0 111.7
May 2012 115.1 111.6
June 2012 115.5 111.2
July 2012 116.4 111.1
August 2012 116.8 111.3
September 2012 116.7 111.5
October 2012 116.8 111.7
November 2012 116.8 111.4
December 2012 116.7 110.8
January 2013 116.4 110.9
February 2013 116.8 112.2
March 2013 116.8 112.3
April 2013 116.8 112.2
May 2013 118.1 112.4
June 2013 117.6 112.4
July 2013 117.6 112.5
August 2013 117.7 112.5
September 2013 118.0 112.7
October 2013 118.5 112.4
November 2013 119.3 112.4
December 2013 119.5 112.2
January 2014 119.3 112.5
February 2014 119.7 113.4
March 2014 119.8 114.1
April 2014 120.4 114.4
May 2014 121.0 115.0
June 2014 121.0 115.1
July 2014 121.8 114.9
August 2014 121.5 114.9
September 2014 121.6 115.0
October 2014 121.8 115.1
November 2014 121.4 114.6
December 2014 121.6 113.8
January 2015 122.4 113.6
February 2015 122.7 114.6
March 2015 123.0 115.4
April 2015 123.3 115.4
May 2015 122.6 116.0
June 2015 123.2 116.3
July 2015 123.6 116.4
August 2015 122.2 116.4
September 2015 123.3 116.2
October 2015 123.5 116.3
November 2015 123.1 116.2
December 2015 123.6 115.6
January 2016 122.5 115.9
February 2016 123.3 116.2
March 2016 123.6 116.9
April 2016 123.0 117.3
May 2016 123.4 117.7
June 2016 123.7 118.0
July 2016 123.5 117.8
August 2016 123.9 117.6
September 2016 123.5 117.7
October 2016 123.5 118.0
November 2016 124.2 117.6
December 2016 125.4 117.4
January 2017 124.7 118.4
February 2017 124.6 118.6
March 2017 125.0 118.7
April 2017 125.4 119.2
May 2017 125.4 119.3
June 2017 125.7 119.2
July 2017 125.0 119.2
August 2017 126.4 119.3
September 2017 127.5 119.6
October 2017 127.2 119.7
November 2017 128.2 120.0
December 2017 128.5 119.6
January 2018 128.7 120.4
February 2018   121.1
Sources: Statistics Canada, CANSIM tables 281-0063 and 326-0020.

Private sector capital intentions expected to edge lower in 2018

Non-residential capital expenditures, index (2007=100)
Description for Chart 15
Non-residential capital expenditures, index (2007=100)
Year Total  Private Public
2007 100.0 100.0 100.0
2008 106.4 102.0 119.2
2009 91.6 80.5 124.1
2010 103.9 91.7 139.4
2011 112.0 103.8 135.8
2012 118.7 111.8 138.9
2013 121.9 117.3 135.4
2014 129.6 127.2 136.6
2015 119.7 110.9 145.5
2016 109.5 98.4 141.8
2017 112.7 96.0 161.6
2018 113.6 94.9 168.3
Note: Data for 2017 are preliminary actual estimates; data for 2018 are intentions.
Sources: Statistics Canada, CANSIM 029-0045 and 029-0047.

Higher energy surpluses contributed to a smaller merchandise trade deficit in 2017

Merchandise trade balance, energy and non-energy commodities, billions of dollars
Description for Chart 16
Merchandise trade balance, energy and non-energy commodities, billions of dollars
Month Total of all merchandise Energy Non-energy
January 2007 4.6 3.7 1.0
February 2007 4.0 4.8 -0.8
March 2007 4.4 4.2 0.2
April 2007 5.6 4.4 1.1
May 2007 5.3 4.1 1.2
June 2007 3.8 3.5 0.2
July 2007 2.6 3.2 -0.6
August 2007 3.8 3.9 -0.1
September 2007 2.6 4.0 -1.4
October 2007 3.1 4.6 -1.5
November 2007 3.8 4.6 -0.8
December 2007 2.0 4.1 -2.1
January 2008 2.5 4.3 -1.8
February 2008 3.8 5.3 -1.5
March 2008 5.7 6.4 -0.6
April 2008 5.0 6.0 -1.0
May 2008 5.6 7.0 -1.4
June 2008 5.1 6.5 -1.4
July 2008 5.6 6.5 -1.0
August 2008 5.7 6.6 -0.9
September 2008 3.4 5.8 -2.4
October 2008 2.6 4.7 -2.1
November 2008 0.4 4.2 -3.8
December 2008 -1.7 2.9 -4.6
January 2009 -1.8 3.1 -4.9
February 2009 0.0 3.3 -3.3
March 2009 1.1 3.8 -2.7
April 2009 -0.7 3.0 -3.6
May 2009 -1.5 2.7 -4.2
June 2009 0.1 3.6 -3.6
July 2009 -0.8 3.2 -3.9
August 2009 -1.6 3.3 -4.8
September 2009 -0.8 3.8 -4.6
October 2009 0.4 4.1 -3.7
November 2009 -0.3 4.4 -4.7
December 2009 -0.8 4.0 -4.8
January 2010 0.4 4.3 -4.0
February 2010 0.1 4.5 -4.4
March 2010 -1.3 3.7 -5.0
April 2010 0.1 3.8 -3.7
May 2010 -0.9 3.8 -4.6
June 2010 -1.4 3.8 -5.2
July 2010 -2.1 3.5 -5.5
August 2010 -1.8 2.9 -4.7
September 2010 -2.3 3.4 -5.8
October 2010 -1.2 3.7 -4.9
November 2010 -0.5 3.8 -4.3
December 2010 1.1 4.8 -3.7
January 2011 0.7 4.8 -4.1
February 2011 0.0 4.4 -4.5
March 2011 -1.0 3.9 -4.9
April 2011 -0.2 4.5 -4.7
May 2011 -1.1 4.1 -5.1
June 2011 -1.1 4.5 -5.6
July 2011 0.1 4.7 -4.5
August 2011 0.2 4.7 -4.5
September 2011 1.1 5.2 -4.1
October 2011 -0.8 4.9 -5.7
November 2011 0.6 5.3 -4.7
December 2011 2.1 6.0 -3.9
January 2012 0.0 5.9 -5.9
February 2012 0.0 5.5 -5.5
March 2012 -1.2 5.0 -6.2
April 2012 -0.7 5.1 -5.8
May 2012 -1.4 4.1 -5.5
June 2012 -2.3 4.8 -7.1
July 2012 -3.0 3.8 -6.8
August 2012 -1.1 4.3 -5.4
September 2012 -1.1 4.8 -5.9
October 2012 -0.4 4.8 -5.2
November 2012 -1.7 4.7 -6.4
December 2012 -0.4 4.7 -5.1
January 2013 -0.9 4.9 -5.8
February 2013 -0.7 5.3 -6.0
March 2013 -0.2 5.6 -5.8
April 2013 -0.2 5.4 -5.6
May 2013 -0.8 5.2 -6.1
June 2013 -0.4 5.4 -5.8
July 2013 -1.7 5.9 -7.5
August 2013 -0.8 6.6 -7.4
September 2013 0.0 6.7 -6.7
October 2013 -0.4 6.5 -6.8
November 2013 -1.3 5.8 -7.1
December 2013 -0.8 6.2 -7.0
January 2014 -0.9 7.1 -8.0
February 2014 0.6 8.1 -7.5
March 2014 1.5 8.6 -7.1
April 2014 0.3 7.2 -6.9
May 2014 0.6 7.6 -7.0
June 2014 1.6 7.6 -6.0
July 2014 1.7 7.1 -5.4
August 2014 0.9 7.1 -6.2
September 2014 0.6 6.8 -6.2
October 2014 -0.2 6.8 -7.0
November 2014 -0.8 6.1 -6.9
December 2014 -1.3 5.2 -6.5
January 2015 -2.4 4.8 -7.2
February 2015 -2.0 5.0 -6.9
March 2015 -3.3 4.6 -7.9
April 2015 -2.3 4.5 -6.7
May 2015 -2.7 4.8 -7.5
June 2015 -0.1 5.0 -5.2
July 2015 -0.2 4.7 -4.9
August 2015 -1.9 4.1 -6.0
September 2015 -1.8 4.0 -5.8
October 2015 -2.2 4.2 -6.4
November 2015 -3.0 3.7 -6.7
December 2015 -1.8 3.6 -5.4
January 2016 -1.6 3.4 -5.0
February 2016 -2.9 2.6 -5.5
March 2016 -3.5 2.7 -6.2
April 2016 -3.0 3.1 -6.2
May 2016 -3.7 3.0 -6.7
June 2016 -3.6 2.9 -6.6
July 2016 -1.7 3.3 -5.0
August 2016 -1.7 3.8 -5.5
September 2016 -4.1 3.9 -8.1
October 2016 -1.4 4.3 -5.7
November 2016 1.1 5.1 -3.9
December 2016 0.2 6.2 -5.9
January 2017 -0.3 5.4 -5.7
February 2017 -1.7 5.1 -6.8
March 2017 -0.9 5.8 -6.7
April 2017 -1.2 5.7 -6.9
May 2017 -1.0 5.6 -6.6
June 2017 -2.9 4.8 -7.7
July 2017 -2.6 4.7 -7.4
August 2017 -2.8 5.0 -7.8
September 2017 -3.2 4.8 -8.0
October 2017 -1.4 5.1 -6.5
November 2017 -2.3 5.5 -7.8
December 2017 -3.0 5.6 -8.6
January 2018 -1.9 6.0 -7.9
February 2018 -2.7 5.4 -8.1
Source: Statistics Canada, CANSIM table 228-0059.

Rebound in prices contributed to higher energy exports in 2017, as energy volumes declined in the second half

Energy exports, in current and chained (2007) dollars, millions of dollars
Description for Chart 17
Energy exports, in current and chained (2007) dollars, millions of dollars
Month Energy exports in current dollars Energy exports in chained (2007) dollars
January 2007 6533.6 6912.0
February 2007 7182.1 7031.4
March 2007 7211.2 7011.8
April 2007 7253.9 7138.6
May 2007 7188.5 7311.5
June 2007 6823.0 7073.3
July 2007 6420.2 6849.8
August 2007 6925.5 7365.8
September 2007 7139.3 7468.2
October 2007 7255.8 7192.8
November 2007 7574.0 6972.9
December 2007 7668.2 6847.3
January 2008 8377.7 7250.8
February 2008 9070.9 7338.3
March 2008 9810.6 7311.5
April 2008 10446.8 7342.3
May 2008 11166.3 7313.7
June 2008 12022.6 7440.7
July 2008 12104.0 7333.2
August 2008 10989.0 7398.8
September 2008 10373.2 7429.3
October 2008 9645.1 7707.1
November 2008 7862.3 7574.4
December 2008 6109.5 7107.9
January 2009 5811.2 7070.1
February 2009 5874.4 7185.3
March 2009 5965.4 7189.6
April 2009 5459.7 6850.7
May 2009 5159.1 6355.8
June 2009 6168.5 7081.7
July 2009 6222.2 7477.5
August 2009 6187.1 7177.1
September 2009 6287.4 7104.4
October 2009 6764.3 6969.7
November 2009 7088.1 6955.9
December 2009 7381.3 7115.6
January 2010 7391.3 6801.2
February 2010 7337.2 6742.4
March 2010 7071.7 6794.8
April 2010 6862.3 7005.2
May 2010 7017.6 7701.8
June 2010 6549.5 7194.7
July 2010 6635.2 7218.1
August 2010 6588.5 7109.5
September 2010 6471.7 7040.1
October 2010 6565.0 7103.8
November 2010 6964.9 7150.9
December 2010 8114.3 7626.4
January 2011 8466.6 7903.4
February 2011 7792.3 7602.4
March 2011 8172.9 7713.5
April 2011 8529.3 7469.4
May 2011 8407.4 7389.1
June 2011 8260.5 7419.6
July 2011 8236.3 7599.6
August 2011 8336.0 8118.4
September 2011 9065.7 8304.4
October 2011 9020.5 7973.9
November 2011 9648.2 7959.9
December 2011 9755.9 7904.8
January 2012 9738.3 8247.2
February 2012 9558.7 8446.5
March 2012 8800.0 8138.3
April 2012 8619.5 8484.9
May 2012 8238.0 8145.5
June 2012 8195.9 8279.5
July 2012 7762.3 8068.0
August 2012 8214.7 8154.5
September 2012 8341.6 8151.4
October 2012 8719.3 7923.6
November 2012 8904.2 8382.8
December 2012 8644.0 8122.7
January 2013 8931.5 8278.7
February 2013 9115.8 8433.4
March 2013 9306.5 8535.9
April 2013 9170.2 8441.9
May 2013 9022.1 8329.2
June 2013 9014.6 8404.3
July 2013 9256.5 8184.6
August 2013 10461.6 8774.9
September 2013 10467.9 8840.7
October 2013 9983.3 8856.0
November 2013 9260.0 8566.0
December 2013 9930.6 8672.9
January 2014 10754.9 8367.4
February 2014 12078.4 8398.4
March 2014 12531.8 8680.3
April 2014 10836.6 8467.3
May 2014 11263.6 9049.0
June 2014 11344.7 9172.9
July 2014 11061.1 9123.7
August 2014 10538.9 8898.2
September 2014 10443.5 8869.6
October 2014 9946.0 8789.4
November 2014 9477.5 8477.2
December 2014 8389.0 9019.5
January 2015 7339.9 9171.8
February 2015 7788.4 9253.6
March 2015 7319.2 9180.8
April 2015 7509.4 9503.3
May 2015 7500.4 9155.5
June 2015 7777.9 9205.9
July 2015 7365.9 9181.8
August 2015 6631.9 9282.0
September 2015 6424.6 9638.4
October 2015 6420.7 9514.2
November 2015 5898.3 8576.3
December 2015 5769.8 9189.7
January 2016 5529.6 9618.3
February 2016 4433.0 8999.4
March 2016 4883.9 9166.0
April 2016 5061.1 8828.7
May 2016 5273.8 8747.3
June 2016 5518.1 8585.2
July 2016 5798.3 8961.1
August 2016 6188.5 9380.3
September 2016 6229.0 9319.3
October 2016 6867.9 9603.6
November 2016 7389.6 9871.2
December 2016 8437.7 10375.9
January 2017 8297.1 10199.4
February 2017 8148.4 10008.1
March 2017 8363.4 10562.5
April 2017 8335.8 10831.7
May 2017 8282.8 10942.2
June 2017 7332.3 10243.4
July 2017 7042.6 10236.9
August 2017 7188.3 10200.1
September 2017 7517.7 10456.1
October 2017 7795.2 10394.4
November 2017 8044.3 9553.9
December 2017 8777.5 9773.2
January 2018 8935.4 9610.1
February 2018 8828.6 9766.5
Source: Statistics Canada, CANSIM 228-0059, 228-0061.

Household debt as a proportion of household assets remained well below recession levels, while debt service ratio edged up in 2017

Selected national balance sheet indicators for households, percent
Description for Chart 18
Selected national balance sheet indicators for households, percent
Quarter Debt to disposable income (primary axis) Debt to total assets (secondary axis)
Q1 2007 138.28 136.58
Q2 2007 141.50 139.56
Q3 2007 143.69 141.96
Q4 2007 145.18 143.24
Q1 2008 147.00 145.03
Q2 2008 149.35 147.18
Q3 2008 150.16 147.92
Q4 2008 150.28 148.15
Q1 2009 150.46 148.44
Q2 2009 153.72 151.42
Q3 2009 156.44 154.31
Q4 2009 158.59 156.47
Q1 2010 157.25 155.21
Q2 2010 159.24 156.89
Q3 2010 160.16 157.98
Q4 2010 160.56 158.32
Q1 2011 159.42 157.12
Q2 2011 160.74 158.46
Q3 2011 161.31 159.15
Q4 2011 161.84 159.56
Q1 2012 161.11 158.81
Q2 2012 162.40 160.07
Q3 2012 162.91 160.71
Q4 2012 162.63 160.50
Q1 2013 162.18 160.02
Q2 2013 162.96 160.88
Q3 2013 163.53 161.44
Q4 2013 163.26 161.08
Q1 2014 162.90 160.64
Q2 2014 163.85 161.58
Q3 2014 165.10 162.78
Q4 2014 164.98 162.74
Q1 2015 164.07 161.81
Q2 2015 165.48 163.31
Q3 2015 166.48 164.34
Q4 2015 166.69 164.54
Q1 2016 167.64 165.44
Q2 2016 170.40 168.19
Q3 2016 171.52 169.32
Q4 2016 172.14 169.95
Q1 2017 171.06 168.88
Q2 2017 172.33 170.15
Q3 2017 172.75 170.53
Q4 2017 172.62 170.37
Source: Statistics Canada, CANSIM table 378-0123.
Debt service ratio, interest only
Description for Chart 19
Debt service ratio, interest only
Quarter Debt service ratio, interest only 
Q1 2007 8.44
Q2 2007 8.78
Q3 2007 8.96
Q4 2007 9.12
Q1 2008 9.01
Q2 2008 8.84
Q3 2008 8.67
Q4 2008 8.34
Q1 2009 8.00
Q2 2009 7.66
Q3 2009 7.50
Q4 2009 7.37
Q1 2010 7.26
Q2 2010 7.48
Q3 2010 7.35
Q4 2010 7.33
Q1 2011 7.46
Q2 2011 7.30
Q3 2011 7.26
Q4 2011 7.15
Q1 2012 7.06
Q2 2012 7.10
Q3 2012 7.03
Q4 2012 6.90
Q1 2013 6.85
Q2 2013 6.84
Q3 2013 6.88
Q4 2013 6.81
Q1 2014 6.75
Q2 2014 6.72
Q3 2014 6.66
Q4 2014 6.70
Q1 2015 6.56
Q2 2015 6.41
Q3 2015 6.39
Q4 2015 6.32
Q1 2016 6.47
Q2 2016 6.43
Q3 2016 6.29
Q4 2016 6.28
Q1 2017 6.37
Q2 2017 6.38
Q3 2017 6.45
Q4 2017 6.55
Source: Statistics Canada, CANSIM table 380-0073.

Labour markets strengthened across Canada in 2017, as unemployment rates edged lower in most provinces

Unemployment rate for selected provinces, percent
Description for Chart 20
Unemployment rate for selected provinces, percent
Month Canada Quebec Ontario Alberta British Colombia
January 2007 6.2 7.7 6.5 3.6 4.3
February 2007 6.2 7.9 6.4 3.7 4.2
March 2007 6.1 7.5 6.5 3.6 4.1
April 2007 6.2 7.2 6.6 3.7 4.5
May 2007 6.0 7.1 6.2 3.8 4.3
June 2007 6.1 6.9 6.6 3.7 4.4
July 2007 6.0 7.0 6.5 3.3 4.3
August 2007 5.9 7.0 6.4 3.4 4.0
September 2007 5.9 6.8 6.2 3.5 4.4
October 2007 5.8 7.0 6.1 3.5 4.4
November 2007 6.0 7.0 6.3 3.7 4.2
December 2007 6.0 6.9 6.7 3.3 4.1
January 2008 5.9 6.9 6.4 3.7 4.2
February 2008 5.9 7.1 6.2 3.7 4.3
March 2008 6.1 7.1 6.5 3.6 4.6
April 2008 6.0 7.5 6.2 3.4 4.4
May 2008 6.0 7.3 6.3 3.6 4.4
June 2008 6.0 7.2 6.4 3.3 4.2
July 2008 6.1 7.2 6.5 3.5 4.6
August 2008 6.1 7.4 6.4 3.5 4.3
September 2008 6.1 7.3 6.4 3.6 4.4
October 2008 6.2 7.2 6.6 3.3 5.0
November 2008 6.6 7.6 7.3 3.6 5.2
December 2008 6.9 7.8 7.4 4.4 5.6
January 2009 7.4 8.1 8.1 4.9 6.4
February 2009 8.0 8.5 8.8 5.4 7.2
March 2009 8.1 8.7 8.8 5.9 7.4
April 2009 8.3 8.8 9.0 6.1 7.8
May 2009 8.6 8.8 9.5 7.0 7.6
June 2009 8.7 8.9 9.6 6.8 8.2
July 2009 8.7 8.9 9.5 7.1 7.9
August 2009 8.7 8.8 9.4 7.3 8.2
September 2009 8.4 8.9 9.1 6.8 7.4
October 2009 8.4 8.5 9.0 7.2 7.9
November 2009 8.5 8.3 9.3 7.3 8.2
December 2009 8.5 8.5 9.2 6.6 8.3
January 2010 8.3 8.1 9.0 6.6 8.1
February 2010 8.2 8.2 9.1 6.8 7.6
March 2010 8.2 8.2 9.0 7.2 7.5
April 2010 8.1 8.0 8.9 7.2 7.4
May 2010 8.0 8.1 8.7 6.6 7.6
June 2010 7.9 7.9 8.3 6.6 7.8
July 2010 8.1 8.2 8.6 6.6 7.6
August 2010 8.1 8.1 9.0 6.3 7.3
September 2010 8.1 8.0 9.0 6.3 7.6
October 2010 7.8 7.9 8.3 6.3 7.4
November 2010 7.6 7.8 8.2 5.7 6.9
December 2010 7.6 7.5 8.1 5.7 7.3
January 2011 7.7 7.8 8.1 5.9 8.0
February 2011 7.7 7.7 7.9 5.6 8.7
March 2011 7.7 7.8 8.1 5.4 8.1
April 2011 7.6 7.9 8.0 5.7 7.9
May 2011 7.5 7.5 8.1 5.6 7.3
June 2011 7.5 8.0 7.9 5.4 7.2
July 2011 7.3 7.2 7.7 5.6 7.4
August 2011 7.3 7.6 7.5 5.5 7.3
September 2011 7.4 7.6 7.9 5.4 7.0
October 2011 7.4 8.0 8.0 5.1 6.7
November 2011 7.5 8.1 8.0 5.1 7.1
December 2011 7.4 8.8 7.6 4.8 7.1
January 2012 7.6 8.6 8.1 5.0 7.0
February 2012 7.5 8.3 7.7 5.2 7.1
March 2012 7.3 7.8 7.7 5.0 7.1
April 2012 7.3 7.8 7.8 4.7 6.7
May 2012 7.4 7.6 8.2 4.5 7.1
June 2012 7.2 7.3 7.8 4.5 6.8
July 2012 7.3 7.4 7.9 4.5 6.9
August 2012 7.2 7.5 7.8 4.3 6.6
September 2012 7.3 7.5 7.9 4.5 6.8
October 2012 7.4 7.4 8.4 4.5 6.7
November 2012 7.2 7.4 7.9 4.3 7.0
December 2012 7.2 7.4 7.9 4.5 6.8
January 2013 7.1 7.3 7.7 4.5 6.7
February 2013 7.1 7.3 7.8 4.7 6.4
March 2013 7.3 7.7 7.8 4.7 7.2
April 2013 7.1 7.7 7.7 4.4 6.5
May 2013 7.0 7.5 7.5 4.5 6.6
June 2013 7.1 7.7 7.6 4.8 6.5
July 2013 7.2 7.8 7.6 4.6 6.6
August 2013 7.1 7.7 7.5 4.7 6.6
September 2013 7.0 7.8 7.3 4.3 6.4
October 2013 7.0 7.7 7.5 4.5 6.6
November 2013 7.0 7.4 7.3 4.8 6.6
December 2013 7.2 7.7 7.7 4.8 6.7
January 2014 7.0 7.6 7.4 4.7 6.4
February 2014 7.0 7.9 7.5 4.4 6.3
March 2014 7.0 7.7 7.4 5.1 6.0
April 2014 7.0 7.8 7.3 5.0 6.1
May 2014 7.0 7.9 7.3 4.6 6.2
June 2014 7.0 8.0 7.4 4.9 6.2
July 2014 7.1 8.1 7.6 4.5 6.2
August 2014 7.0 7.6 7.3 5.2 6.3
September 2014 6.9 7.8 7.1 4.7 6.2
October 2014 6.7 7.7 6.8 4.5 6.1
November 2014 6.7 7.7 7.0 4.4 5.7
December 2014 6.7 7.4 7.0 4.9 5.4
January 2015 6.6 7.5 6.8 4.6 5.6
February 2015 6.8 7.4 6.9 5.4 6.0
March 2015 6.8 7.5 6.8 5.6 5.7
April 2015 6.8 7.4 6.8 5.7 6.4
May 2015 6.8 7.8 6.5 5.9 6.1
June 2015 6.9 8.0 6.5 5.9 6.0
July 2015 6.8 7.7 6.5 6.1 6.2
August 2015 7.0 7.9 6.8 5.9 6.2
September 2015 7.1 7.6 6.9 6.6 6.5
October 2015 7.0 7.6 6.7 6.7 6.2
November 2015 7.1 7.7 7.0 7.0 6.1
December 2015 7.1 7.8 6.7 7.1 6.7
January 2016 7.2 7.6 6.8 7.5 6.6
February 2016 7.2 7.5 6.8 7.9 6.6
March 2016 7.0 7.4 6.7 7.1 6.4
April 2016 7.1 7.3 7.0 7.5 5.7
May 2016 6.9 7.1 6.5 8.0 6.1
June 2016 6.8 6.9 6.3 8.1 6.0
July 2016 7.0 7.1 6.4 8.7 5.6
August 2016 7.0 6.9 6.8 8.2 5.5
September 2016 7.0 6.8 6.6 8.5 5.7
October 2016 6.9 6.6 6.3 8.5 6.0
November 2016 6.8 6.4 6.3 9.0 6.0
December 2016 6.9 6.7 6.4 8.6 5.8
January 2017 6.7 6.3 6.4 8.7 5.5
February 2017 6.6 6.4 6.2 8.2 5.1
March 2017 6.6 6.3 6.3 8.3 5.3
April 2017 6.4 6.4 5.9 7.9 5.4
May 2017 6.5 5.9 6.4 7.8 5.6
June 2017 6.5 6.0 6.4 7.5 5.1
July 2017 6.3 5.8 6.0 7.8 5.2
August 2017 6.2 6.0 5.5 8.1 5.0
September 2017 6.2 6.0 5.7 7.8 4.9
October 2017 6.2 6.0 5.8 7.6 4.9
November 2017 5.9 5.4 5.5 7.3 4.8
December 2017 5.8 5.0 5.6 7.0 4.6
January 2018 5.9 5.4 5.5 7.0 4.8
February 2018 5.8 5.6 5.5 6.7 4.7
March 2018 5.8 5.6 5.5 6.3 4.7
Source: Statistics Canada, CANSIM table 282-0087.

Increases in full-time work in 2017 led employment gains in Ontario, Quebec and British Columbia

Employment, Canada and selected provinces, index (January 2013=100)
Description for Chart 21
Employment, Canada and selected provinces, index (January 2013=100)
Month Canada Quebec Ontario Alberta British Columbia
January 2013 100.0 100.0 100.0 100.0 100.0
February 2013 100.1 99.8 100.2 99.8 100.9
March 2013 100.0 99.3 100.2 99.9 100.1
April 2013 100.1 99.7 100.3 100.1 100.8
May 2013 100.4 99.7 100.8 100.9 100.7
June 2013 100.4 99.5 100.8 100.7 100.7
July 2013 100.4 99.3 100.8 101.0 100.6
August 2013 100.6 99.1 101.1 102.2 101.2
September 2013 100.6 99.5 101.2 101.8 100.8
October 2013 100.7 100.1 101.1 101.6 100.5
November 2013 100.7 100.3 101.3 101.9 100.1
December 2013 100.7 100.0 101.1 101.7 100.8
January 2014 100.7 100.1 101.1 101.6 101.2
February 2014 100.8 99.3 101.3 102.6 101.1
March 2014 100.9 99.8 101.4 102.4 101.3
April 2014 100.8 99.2 101.6 102.5 101.3
May 2014 100.8 99.2 101.4 103.0 101.3
June 2014 100.9 99.6 101.1 103.6 101.3
July 2014 101.1 99.7 101.6 103.6 101.1
August 2014 101.0 99.8 101.6 102.9 100.9
September 2014 101.2 99.7 101.8 103.4 101.2
October 2014 101.5 99.6 102.4 103.9 101.1
November 2014 101.4 99.9 101.9 104.1 101.4
December 2014 101.3 99.7 101.6 104.5 101.4
January 2015 101.5 100.0 101.6 104.9 101.8
February 2015 101.6 100.6 101.9 104.4 101.4
March 2015 101.6 100.7 101.9 104.1 101.6
April 2015 101.6 101.0 101.8 104.8 100.4
May 2015 101.8 100.8 102.3 104.6 101.9
June 2015 101.9 100.2 102.5 104.5 102.3
July 2015 102.0 100.8 102.7 104.6 102.4
August 2015 102.1 100.7 102.6 104.7 102.8
September 2015 102.1 100.8 102.2 105.0 103.4
October 2015 102.2 100.6 102.4 104.2 104.2
November 2015 102.1 100.5 102.3 104.0 104.3
December 2015 102.1 100.7 102.8 103.5 103.9
January 2016 102.1 100.7 103.0 103.2 104.0
February 2016 102.2 100.9 102.9 103.3 104.5
March 2016 102.3 100.7 103.1 103.7 104.9
April 2016 102.4 100.8 103.2 102.9 105.5
May 2016 102.4 101.2 103.4 102.0 105.0
June 2016 102.5 101.0 103.5 102.0 105.5
July 2016 102.4 101.0 103.0 102.2 106.2
August 2016 102.6 101.7 103.2 102.3 106.1
September 2016 103.0 102.5 103.4 103.0 106.2
October 2016 103.2 102.6 103.8 103.3 106.9
November 2016 103.2 102.7 103.9 102.8 106.5
December 2016 103.4 102.9 104.0 102.8 107.3
January 2017 103.7 103.0 104.4 102.9 107.8
February 2017 103.8 102.9 104.5 103.1 108.5
March 2017 103.9 103.0 104.4 103.7 108.7
April 2017 104.0 103.0 104.5 103.8 109.3
May 2017 104.2 103.3 104.6 103.9 109.6
June 2017 104.5 104.1 104.7 104.1 110.3
July 2017 104.7 104.1 105.2 103.7 110.1
August 2017 104.8 104.0 105.5 103.8 110.3
September 2017 104.8 103.9 106.0 103.6 109.9
October 2017 105.0 104.3 106.0 104.1 109.6
November 2017 105.5 104.7 106.6 104.4 110.6
December 2017 105.8 105.2 106.7 105.3 110.7
January 2018 105.3 104.8 105.9 105.0 110.5
February 2018 105.4 104.7 106.2 105.1 110.3
March 2018 105.6 105.1 106.3 105.5 110.2
Source: Statistics Canada, CANSIM table 282-0087.

Retail sales in British Columbia strengthened in 2017, as spending in Quebec rose in the fourth quarter

Retail sales, selected provinces, index (January 2013=100)
Description for Chart 22
Retail sales, selected provinces, index (January 2013=100)
Month Canada Quebec Ontario Alberta British Columbia
January 2013 100.0 100.0 100.0 100.0 100.0
February 2013 100.8 100.5 100.9 101.9 99.5
March 2013 101.1 100.3 101.7 101.2 100.8
April 2013 100.6 98.5 100.8 103.2 99.7
May 2013 102.4 101.4 102.5 104.9 100.7
June 2013 101.6 100.2 101.3 103.4 100.8
July 2013 102.8 101.9 103.3 104.0 102.2
August 2013 103.5 101.9 104.6 104.8 102.9
September 2013 103.4 101.2 104.3 105.6 102.8
October 2013 103.6 101.6 104.0 106.7 103.2
November 2013 103.7 102.4 103.5 107.1 103.4
December 2013 103.9 102.7 103.9 106.9 104.1
January 2014 104.1 100.7 103.5 110.1 104.1
February 2014 105.1 102.0 105.3 110.7 102.9
March 2014 105.3 101.6 104.4 111.6 106.4
April 2014 106.7 103.5 107.8 110.5 106.5
May 2014 107.0 104.7 107.7 110.4 106.8
June 2014 108.6 105.3 109.5 113.1 109.1
July 2014 108.9 104.5 109.9 113.9 109.5
August 2014 108.7 104.5 109.9 113.1 109.4
September 2014 109.3 104.6 110.8 114.4 109.8
October 2014 109.1 103.5 111.1 114.4 109.7
November 2014 108.8 103.4 110.7 113.0 111.4
December 2014 108.9 104.1 110.9 113.0 111.1
January 2015 104.7 101.2 106.8 105.7 108.0
February 2015 107.3 103.5 109.1 107.0 114.0
March 2015 109.0 105.0 111.8 108.9 113.9
April 2015 108.9 104.7 112.4 106.6 113.1
May 2015 110.0 104.0 114.4 107.5 114.9
June 2015 111.1 105.1 115.5 108.8 116.6
July 2015 111.7 105.8 116.2 109.5 116.0
August 2015 112.1 106.8 116.8 109.1 117.4
September 2015 112.0 106.6 116.7 108.4 117.8
October 2015 111.9 107.1 116.7 107.5 116.4
November 2015 113.4 107.7 118.7 109.1 119.2
December 2015 112.4 107.0 117.8 106.9 118.4
January 2016 113.8 108.8 120.2 105.4 120.1
February 2016 115.4 110.6 121.6 106.3 122.7
March 2016 114.2 110.3 120.2 105.3 120.9
April 2016 115.0 110.5 120.3 107.2 123.6
May 2016 115.2 111.6 120.8 106.5 123.3
June 2016 115.4 111.4 121.2 105.9 123.2
July 2016 115.3 111.5 122.2 105.2 124.1
August 2016 115.7 111.5 122.1 106.2 124.2
September 2016 116.7 113.2 123.4 106.5 125.3
October 2016 118.3 114.3 125.6 107.7 127.8
November 2016 118.8 114.9 126.4 107.7 126.6
December 2016 118.7 114.4 125.7 109.6 126.1
January 2017 121.8 117.7 128.3 113.4 129.6
February 2017 121.3 117.1 128.1 113.7 128.9
March 2017 122.2 116.1 128.8 113.4 132.5
April 2017 123.0 118.0 130.2 114.3 132.7
May 2017 123.7 117.5 130.3 115.6 135.9
June 2017 123.6 117.5 129.6 115.7 137.9
July 2017 124.2 118.9 130.1 115.2 138.5
August 2017 124.1 118.1 131.0 114.4 137.5
September 2017 124.2 117.4 131.6 115.0 138.3
October 2017 126.0 120.1 132.6 115.7 140.4
November 2017 126.6 122.4 133.2 115.5 140.1
December 2017 125.7 122.9 130.9 115.1 139.0
January 2018 126.1 122.0 132.6 115.8 137.7
Source: Statistics Canada, CANSIM 080-0020.

While manufacturing sales strengthened in British Columbia and Alberta in 2017, production disruptions in the auto sector weighed on gains in Ontario

Manufacturing sales, Canada and selected provinces, index (January 2013=100)
Description for Chart 23
Manufacturing sales, Canada and selected provinces, index (January 2013=100)
Month Quebec Ontario Alberta British Columbia Canada
January 2013 100.0 100.0 100.0 100.0 100.0
February 2013 104.5 102.1 102.2 99.8 102.3
March 2013 102.4 101.6 100.8 101.1 101.6
April 2013 98.4 101.9 101.1 100.3 100.7
May 2013 95.3 102.5 104.2 101.5 100.8
June 2013 98.1 102.0 99.7 98.0 100.2
July 2013 99.6 101.0 102.9 99.4 100.3
August 2013 103.2 101.7 106.9 100.1 101.9
September 2013 100.3 102.9 103.6 101.9 102.0
October 2013 103.1 102.8 103.3 103.3 103.4
November 2013 102.5 104.5 106.8 106.6 104.0
December 2013 101.5 103.3 104.5 102.8 102.3
January 2014 105.0 100.3 108.6 106.9 102.3
February 2014 106.2 104.9 111.6 103.8 105.2
March 2014 105.6 106.4 111.7 103.0 105.3
April 2014 106.4 105.7 109.4 108.0 105.0
May 2014 105.0 108.9 110.0 111.5 106.8
June 2014 106.8 107.5 112.1 111.1 107.1
July 2014 109.4 110.4 113.1 111.0 109.4
August 2014 107.4 105.7 110.8 111.7 106.3
September 2014 111.7 109.2 111.5 113.2 108.3
October 2014 109.9 108.7 112.5 113.2 108.0
November 2014 106.2 107.0 106.7 111.1 105.9
December 2014 106.3 109.5 106.7 115.7 107.0
January 2015 105.4 105.5 98.8 112.7 103.1
February 2015 102.6 103.2 100.2 115.7 102.1
March 2015 108.1 108.1 98.3 111.7 105.6
April 2015 104.3 106.5 94.5 111.6 102.7
May 2015 105.4 106.7 95.9 111.7 103.6
June 2015 109.6 107.6 97.1 112.6 105.5
July 2015 108.1 113.1 96.4 112.8 107.6
August 2015 107.8 113.9 94.2 111.3 107.0
September 2015 106.4 110.4 93.3 111.9 105.2
October 2015 103.8 110.5 90.4 112.1 103.8
November 2015 105.7 112.7 89.0 111.4 104.8
December 2015 106.1 113.4 86.7 113.6 105.5
January 2016 108.0 118.2 83.7 114.1 108.0
February 2016 102.1 113.9 83.2 112.8 103.5
March 2016 101.3 110.9 82.7 116.2 102.7
April 2016 102.0 112.6 85.2 113.8 104.0
May 2016 104.4 109.8 84.1 115.9 103.2
June 2016 106.2 112.2 87.3 115.1 105.1
July 2016 106.3 113.0 87.5 118.5 105.4
August 2016 104.4 114.1 89.2 120.7 106.5
September 2016 107.0 113.9 88.5 120.2 106.6
October 2016 105.5 113.8 87.8 121.0 106.4
November 2016 109.8 114.1 91.5 122.9 108.6
December 2016 114.4 116.9 93.0 121.6 111.1
January 2017 110.3 117.7 94.1 121.1 110.7
February 2017 113.2 116.2 95.5 119.3 110.6
March 2017 112.7 117.5 97.7 122.9 111.7
April 2017 115.4 116.7 99.2 124.9 112.4
May 2017 114.4 119.8 100.8 127.1 114.1
June 2017 111.6 117.9 99.3 129.0 112.4
July 2017 115.6 110.4 96.5 127.4 109.4
August 2017 115.7 113.4 97.9 128.2 111.2
September 2017 117.7 112.8 98.0 129.6 112.1
October 2017 117.1 109.4 100.8 132.1 111.3
November 2017 118.8 116.3 102.7 133.2 115.5
December 2017 117.5 117.7 103.9 132.4 115.2
Sources: Statistics Canada, CANSIM tables 304-0014 and 304-0015.

Public sector spending in Ontario supporting capital spending intentions in 2018

Anticipated change in capital spending, 2018, provinces and territories, millions of dollars
Description for Chart 24
Anticipated change in capital spending, 2018, provinces and territories, millions of dollars
Province Anticipated change in capital spending Private sector organizations Public sector organizations
Canada 1892 -1693 3584
Newfoundland and Labrador -2384 -1552 -833
Prince Edward Island -43 -8 -35
Nova Scotia -342 -254 -88
New Brunswick 75 -73 148
Quebec 1833 957 875
Ontario 5378 1208 4171
Manitoba 203 288 -84
Saskatchewan -355 49 -404
Alberta -3040 -2356 -684
British Columbia 373 -370 743
Territories 194 419 -225
Sources: Statistics Canada, CANSIM tables 029-0045 and 029-0048.

Housing prices continued to strengthen in Greater Vancouver in 2017, but declined in Greater Toronto in the second half of the year

Multiple listing service home price index, selected cities, index (January 2005=100)
Description for Chart 25
Multiple listing service home price index, selected cities, index (January 2005=100)
Month Aggregate Greater Vancouver  Calgary  Greater Toronto Greater Montreal
January 2005 100.0 100.0 100.0 100.0 100.0
February 2005 101.0 100.6 101.0 100.9 101.2
March 2005 102.0 101.2 102.4 101.9 102.4
April 2005 103.0 101.7 103.5 102.7 103.1
May 2005 103.8 103.2 105.0 103.5 103.6
June 2005 104.5 104.7 106.1 104.0 103.9
July 2005 105.1 106.2 107.0 104.1 104.1
August 2005 105.8 107.5 108.1 104.4 104.5
September 2005 106.7 109.3 109.4 104.7 105.3
October 2005 107.3 110.0 110.8 105.1 106.0
November 2005 107.8 110.8 112.1 105.2 106.4
December 2005 108.3 111.7 113.9 105.3 106.4
January 2006 109.8 113.8 116.9 105.9 107.3
February 2006 111.7 116.2 122.8 106.7 108.3
March 2006 113.9 118.3 130.5 107.8 108.9
April 2006 116.2 120.8 138.8 108.7 109.4
May 2006 118.8 123.3 149.0 109.4 110.0
June 2006 120.9 125.3 158.5 109.3 110.8
July 2006 122.5 126.3 165.3 109.3 111.2
August 2006 123.9 127.3 170.2 109.2 111.6
September 2006 125.1 128.2 172.8 109.4 111.8
October 2006 125.6 128.3 174.1 109.4 112.7
November 2006 126.0 128.4 174.1 109.4 113.1
December 2006 126.1 128.2 172.9 109.0 113.4
January 2007 127.6 130.0 174.2 109.5 113.9
February 2007 129.6 131.4 177.3 110.9 114.7
March 2007 131.9 132.8 182.3 112.1 115.4
April 2007 134.1 134.8 186.7 113.3 116.1
May 2007 136.3 136.7 191.0 114.5 116.9
June 2007 138.1 138.5 193.3 115.4 117.7
July 2007 138.8 139.7 194.7 116.0 118.8
August 2007 139.3 141.0 195.1 116.4 119.3
September 2007 139.5 142.1 194.6 117.0 119.6
October 2007 139.5 142.8 193.1 117.7 120.0
November 2007 139.2 143.5 191.0 118.0 120.5
December 2007 139.2 144.0 188.5 118.0 120.8
January 2008 139.8 145.2 186.9 118.4 121.4
February 2008 141.1 146.8 186.7 119.5 122.8
March 2008 142.2 148.1 187.3 120.2 123.6
April 2008 142.7 148.7 187.5 120.6 124.4
May 2008 142.8 149.0 186.2 120.9 125.0
June 2008 142.4 149.5 184.5 120.7 125.8
July 2008 141.4 147.0 182.2 120.1 126.8
August 2008 140.5 145.3 180.6 119.8 127.7
September 2008 139.3 143.4 178.4 119.2 128.1
October 2008 137.7 139.5 176.5 118.4 128.2
November 2008 135.8 135.6 173.8 117.2 128.3
December 2008 133.6 131.8 170.9 115.6 128.0
January 2009 132.2 131.0 167.1 113.8 128.2
February 2009 131.3 130.0 164.4 113.1 128.2
March 2009 131.1 129.1 163.2 113.7 128.1
April 2009 131.8 130.8 162.1 114.8 128.3
May 2009 133.1 132.6 162.6 116.4 128.6
June 2009 134.3 134.5 163.9 118.2 129.1
July 2009 135.8 136.8 165.2 119.9 129.8
August 2009 137.2 139.1 166.7 121.7 130.4
September 2009 138.6 141.6 167.9 123.4 131.1
October 2009 139.8 142.8 169.2 125.1 131.9
November 2009 140.9 144.7 170.2 126.6 132.6
December 2009 141.7 146.3 171.0 127.4 133.1
January 2010 143.1 147.9 172.0 128.9 134.2
February 2010 145.1 149.6 174.4 130.7 136.4
March 2010 146.6 151.2 177.2 132.2 138.1
April 2010 147.8 152.4 178.2 133.1 139.1
May 2010 148.2 152.2 179.4 133.2 140.0
June 2010 147.8 151.5 179.5 132.6 140.6
July 2010 147.0 150.1 178.3 131.6 141.1
August 2010 146.4 149.3 175.9 131.2 141.3
September 2010 146.1 148.7 174.2 131.4 141.6
October 2010 146.0 148.4 172.4 131.6 142.0
November 2010 146.0 148.7 170.8 132.0 142.5
December 2010 146.9 148.6 169.9 132.7 142.8
January 2011 147.7 150.1 169.1 133.8 143.8
February 2011 149.2 151.6 170.2 135.9 145.5
March 2011 150.8 154.4 171.1 137.4 146.7
April 2011 152.3 157.7 171.9 138.8 147.3
May 2011 153.4 159.3 172.7 140.1 147.5
June 2011 153.9 160.5 173.8 140.6 147.3
July 2011 154.4 161.1 173.8 141.3 147.6
August 2011 154.5 161.2 173.3 142.0 147.7
September 2011 154.5 160.8 172.5 142.3 147.9
October 2011 154.6 160.2 171.6 143.1 148.4
November 2011 154.3 159.7 170.9 143.3 147.8
December 2011 153.7 159.0 169.5 143.9 146.1
January 2012 154.1 159.1 169.1 144.2 147.1
February 2012 155.6 160.8 170.4 146.1 147.6
March 2012 157.5 162.6 171.8 148.3 149.8
April 2012 158.9 163.8 173.4 150.1 150.7
May 2012 159.9 164.5 175.3 151.4 151.0
June 2012 160.4 163.2 176.5 151.7 151.5
July 2012 160.0 162.0 176.9 151.3 151.0
August 2012 159.1 160.3 177.0 151.1 151.1
September 2012 158.9 159.4 177.1 151.0 151.2
October 2012 158.5 158.7 176.7 150.8 151.2
November 2012 158.1 157.4 176.6 150.4 150.7
December 2012 157.6 155.9 176.4 150.0 150.8
January 2013 157.5 155.2 177.2 149.9 150.9
February 2013 158.7 155.8 178.9 150.8 151.9
March 2013 160.3 156.5 180.7 152.9 153.2
April 2013 161.8 157.7 183.1 154.7 153.8
May 2013 163.0 157.7 185.1 156.0 156.2
June 2013 163.5 158.6 186.3 156.7 155.1
July 2013 163.6 158.7 187.3 156.8 154.7
August 2013 163.8 158.6 188.1 157.1 154.7
September 2013 164.0 158.7 189.0 157.4 154.7
October 2013 164.4 158.6 190.9 157.9 154.7
November 2013 164.8 159.3 191.9 158.9 154.6
December 2013 164.6 159.2 192.5 159.2 153.9
January 2014 165.5 160.2 193.6 160.4 153.8
February 2014 167.1 161.0 196.0 161.9 155.6
March 2014 168.8 162.6 198.7 164.0 156.2
April 2014 170.3 163.5 201.6 165.7 156.1
May 2014 171.7 165.0 204.7 167.2 156.2
June 2014 172.7 165.9 206.7 168.8 156.2
July 2014 172.9 166.0 207.7 169.1 155.6
August 2014 173.0 166.6 208.3 169.0 155.0
September 2014 173.3 167.1 209.0 169.3 154.8
October 2014 173.9 168.1 209.5 170.4 155.0
November 2014 174.0 168.2 209.1 171.1 154.7
December 2014 174.1 168.6 209.0 171.6 154.3
January 2015 174.5 169.4 209.5 172.2 154.5
February 2015 175.9 171.6 208.8 174.4 155.3
March 2015 177.6 174.6 208.4 176.9 156.8
April 2015 179.3 177.7 206.9 179.8 157.7
May 2015 180.8 180.8 206.8 182.1 157.7
June 2015 181.9 183.2 207.5 184.0 158.0
July 2015 182.8 185.0 207.4 185.1 158.3
August 2015 183.1 187.1 207.3 185.9 157.4
September 2015 184.1 190.6 207.3 187.0 157.0
October 2015 184.7 193.9 206.4 187.6 157.1
November 2015 185.6 198.2 205.4 188.3 157.0
December 2015 185.8 200.6 204.1 188.9 157.2
January 2016 187.0 204.5 202.6 189.7 156.7
February 2016 189.7 210.5 201.4 193.1 157.8
March 2016 192.9 216.2 200.0 197.5 159.2
April 2016 196.9 223.8 199.5 202.5 159.9
May 2016 202.2 234.9 199.1 209.1 160.5
June 2016 205.6 242.0 199.4 212.8 160.8
July 2016 207.6 245.2 199.3 215.3 160.8
August 2016 209.0 246.0 199.3 217.5 161.3
September 2016 210.1 244.5 199.2 220.1 161.2
October 2016 211.3 242.5 198.8 224.2 161.1
November 2016 211.9 240.0 197.7 226.0 161.8
December 2016 212.4 237.0 197.5 228.2 162.3
January 2017 214.3 236.8 197.2 232.5 162.5
February 2017 218.3 239.7 197.0 239.6 163.0
March 2017 226.0 244.0 197.5 254.1 164.7
April 2017 232.8 249.8 198.0 265.8 166.0
May 2017 235.6 256.5 199.6 268.6 166.7
June 2017 235.9 261.1 200.6 266.7 167.5
July 2017 232.5 266.5 201.4 254.3 168.7
August 2017 230.7 269.2 200.9 248.5 168.8
September 2017 230.5 271.2 200.4 247.0 169.4
October 2017 230.4 272.5 199.3 246.0 170.3
November 2017 230.0 273.7 198.2 245.0 170.9
December 2017 230.1 274.6 196.7 244.6 171.1
January 2018 230.8 276.2 196.3 244.5 170.9
February 2018 233.7 280.2 197.2 247.3 173.0
March 2018 236.4 283.4 198.1 250.3 174.9
Source: The Canadian Real Estate Association.
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