Canadian Economic Accounts Quarterly Review

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First quarter 2014

GDP by income and by expenditure

Release date: May 30, 2014

Real gross domestic product (GDP) rose 0.3% in the first quarter, following 0.7% growth in the fourth quarter of 2013. This was the smallest increase since the fourth quarter of 2012.

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GDP by industry

Release date: May 30, 2014

Real gross domestic product edged up 0.1% in March, after increasing 0.2% in February.

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Balance of international payments

Release date: May 29, 2014

Canada's current account deficit narrowed by $3.3 billion to $12.4 billion in the first quarter. This increase was led by an improved trade in goods balance, which recorded a first surplus in more than two years.

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Financial flows

Release date: June 19, 2014

Debt of domestic non-financial sectors edged down by the end of the first quarter. Retirement of federal government short-term paper continued at levels similar to those registered in the fourth quarter along with a reduction in short-term paper liabilities of other levels of government. Funds raised by non-financial private corporations eased in the first quarter.

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Labour productivity

Release date: June 6, 2014

Labour productivity of Canadian businesses edged down 0.1% in the first quarter, following a 1.0% gain in the fourth quarter of 2013. It was the first decline since the third quarter of 2012.

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International investment position

Release date: June 13, 2014

Canada's net asset position edged up by $2.5 billion to $30.2 billion in the first quarter, as both international assets and liabilities advanced. The increase in the value of Canada's foreign currency-denominated international assets reflected the effect of a weaker Canadian dollar, while liabilities held by non-resident investors were up mainly on higher Canadian equity prices.

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National balance sheet accounts

Release date: June 19, 2014

National net worth increased to $7.8 trillion in the first quarter, up 1.5% from the fourth quarter of 2013, to reach $221,300 on a per capita basis.

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