Canadian Economic Accounts Quarterly Review

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Fourth quarter 2011

GDP by income and by expenditure

Release date: March 2, 2012

Real gross domestic product (GDP) rose 0.4% in the fourth quarter of 2011, after advancing 1.0% in the third quarter. Consumer spending and exports contributed the most to fourth-quarter GDP growth.

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GDP by industry

Release date: March 2, 2012

Real gross domestic product increased 0.4% in December after a decline of 0.1% in November and no growth in October. About half of the December gain was accounted for by increased oil and gas extraction.

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Balance of international payments

Release date: March 1, 2012

Canada's current account deficit narrowed by $2.0 billion in the fourth quarter to $10.3 billion, largely due to an increase in the export of goods. Foreign investment in Canadian government debt securities was the main supply of funds to the Canadian economy.

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Financial flows

Release date: March 2, 2012

Total funds raised by domestic non-financial sectors was $147 billion (seasonally adjusted at annual rates), down from $228 billion in the previous quarter.

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Labour productivity

Release date: March 9, 2012

The labour productivity of Canadian businesses rose 0.7% in the fourth quarter, similar to the gain observed in the third quarter (+0.6%).

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International investment position

Release date: March 12, 2012

Canada's net foreign debt was up $34.7 billion to $213.1 billion at the end of the fourth quarter, resulting largely from the impact of the appreciation of the Canadian dollar against most major foreign currencies and from continued foreign investment into the economy.

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National balance sheet accounts

Release date: March 15, 2012

National net worth increased 0.8%, to $6.6 trillion, in the fourth quarter, due to higher values of non-financial assets.

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