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Canadian Economic Accounts Quarterly Review
Fourth quarter 2008
Archived Content
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GDP by income and by expenditure
Release date: March 2, 2009
Real gross domestic product (GDP) declined 0.8% in the fourth quarter, weakening progressively each month. Declines in exports, capital investment and personnal expenditures all contributed to the economic contraction.
Highlights in The Daily Detailed analysis Data tables
GDP by industry
Release date: March 2, 2009
Real gross domestic product dropped 1.0 % in December as almost all major sectors reduced production. This follows a 0.7% decline in November.
Highlights in The Daily Detailed analysis Data tables
Balance of international payments
Release date: February 27, 2009
The current account balance with the rest of the world was a deficit of $7.5 billion in the fourth quarter of 2008.
Financial flows
Release date: March 2, 2009
Funds borrowed on financial markets by domestic non-financial sectors increased in the fourth quarter of 2008. Federal government short-term paper and bond issues accounted for more than 50% of total activity.
Labour productivity
Release date: March 17, 2009
The labour productivity of Canadian businesses fell 0.5% in the fourth quarter in the context of substantially slower economic activity.
Highlights in The Daily Detailed analysis Data tables
International investment position
Release date: March 12, 2009
Following a trend to reduced net foreign debt since the mid-1990s, Canada recorded a net foreign asset position of $13.5 billion in the fourth quarter of 2008; the value of its international assets increased sharply largely due to the significant depreciation of the Canadian dollar.
National balance sheet accounts
Release date: March 16, 2009
Household net worth retreated for the second consecutive quarter, declining $252 billion, or 4.4%, in the fourth quarter, as stock market prices continued to fall. On a per capita basis, household net worth has fallen from $179,300 in the second quarter of 2008 to $165,300 in the fourth quarter, or $14,000.
