Canadian Economic Accounts Quarterly Review

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First quarter 2015

GDP by income and by expenditure

Release date: May 29, 2015

Real gross domestic product (GDP) decreased 0.1% in the first quarter, following growth of 0.6% in the fourth quarter of 2014. This was the first negative growth rate of real GDP since the second quarter of 2011.

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GDP by industry

Release date: May 29, 2015

Real gross domestic product fell 0.2% in March, down for a third consecutive month. A contraction in the output of goods-producing industries outweighed an overall increase in the output of service industries.

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Balance of international payments

Release date: May 28, 2015

Canada's current account deficit expanded again in the first quarter, up $4.4 billion to $17.5 billion, after narrowing in the first three quarters of 2014. This change in direction over the last two quarters was mainly due to trade in goods, especially energy products.

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Financial flows

Release date: June 12, 2015

On a seasonally adjusted basis, households borrowed $23.0 billion in the first quarter, up slightly (+0.4%) from the fourth quarter.

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Labour productivity

Release date: June 5, 2015

Labour productivity of Canadian businesses edged down 0.1% in the first quarter, after having risen 0.3% in each of the previous two quarters. It was the first decline in a year.

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International investment position

Release date: June 11, 2015

Canada's net international investment position increased by $87.2 billion in the first quarter to a record net asset position of $224.3 billion, despite an expanded balance of payments current account deficit. This growth was mainly explained by the larger revaluation effect of a weaker Canadian dollar on international assets than liabilities.

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National balance sheet accounts

Release date: June 12, 2015

National net worth rose 2.0% or $169.0 billion from the fourth quarter to reach $8,434 billion by the end of the first quarter. On a per capita basis, national net worth grew 1.8% to $235,700.

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