Canadian Economic Accounts Quarterly Review

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First quarter 2012

GDP by income and by expenditure

Release date: June 1, 2012

Real gross domestic product (GDP) rose 0.5% in the first quarter of 2012, the same pace as in the previous quarter. Business investment contributed the most to first-quarter GDP growth.

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GDP by industry

Release date: June 1, 2012

Real gross domestic product edged up 0.1% in March after declining 0.2% in February. The output of service industries grew 0.2% while goods production declined 0.1%.

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Balance of international payments

Release date: May 31, 2012

Canada's current account deficit (on a seasonally adjusted basis) expanded by $0.6 billion to $10.3 billion in the first quarter of 2012 as a lower surplus on goods was partly offset by a lower deficit on investment income.

In the capital and financial account (unadjusted for seasonal variation), increased foreign direct investment in Canada was the major contributor to the inflow of funds to the Canadian economy in the quarter.

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Financial flows

Release date: June 1, 2012

Total funds raised by domestic non-financial sectors increased to $179 billion in the first quarter of 2012, up from $122 billion in the previous quarter. Increased financing in the non-financial private corporations' sector and higher borrowing in other levels of government led the demand for funds.

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Labour productivity

Release date: June 8, 2012

The labour productivity of Canadian businesses edged up 0.1% in the first quarter, after increasing 0.7% in each of the previous two quarters.

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International investment position

Release date: June 13, 2012

Canada's net foreign debt increased $15.7 billion to $229.9 billion at the end of the first quarter.

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National balance sheet accounts

Release date: June 15, 2012

National net worth increased 2.0%, to $6.7 trillion in the first quarter of 2012, the largest quarterly increase since the third quarter 2008.

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