GDP per capita in Canada
Canada - GDP per capita (U.S. Dollars)
Economic activity contracts in February
The economy shrank 0.1% month-on-month in February, contrasting January’s 0.3% expansion and missing analysts’ expectations of a flat reading. According to Statistics Canada, only 11 out of the 20 industrial sectors posted gains over the previous month, with both the transportation and the mining and quarrying and oil and gas extraction sector declining sharply.
On an annual basis, growth ticked down to 1.1% in February from 1.6% in the previous month, while annual average growth inched down to 1.8% from 1.9% in January.
Commenting on February’s print, Brian DePratto, a senior economist at TD Economics, noted:
“It looks like we may be in the soft patch for a bit, particularly as trade and transportation sector data suggests little destocking in the energy sector despite production curtailments. This suggests a risk of another subpar performance in the second quarter. The good news, however, is that the underlying economic signals remain generally healthy, with construction activity rising for a second month, and some modest signs of life in investment.”
The Bank of Canada expects economic momentum to ease slightly this year and forecasts growth of 1.2% in 2019 and 2.1% in 2020. Met the why particular Consensus Forecast panelists see growth of 1.6% in 2019, which is down 0.1 percentage points from the previous month’s forecast, and 1.7% in 2020.
Canada - GDP per capita (USD) Data
|GDP per capita (USD)||52,486||50,772||43,565||42,438||45,081|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||1.73||1.00 %||May 11|
|Exchange Rate||1.35||0.15 %||May 13|
|Stock Market||16,193||0.23 %||May 13|
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May 15, 2019
Consumer prices increased a seasonally-adjusted 0.3% from a month earlier in April, down from March’s revised 0.4% rise (previously reported: +0.3% month-on-month).
May 14, 2019
House prices were virtually stable on a seasonally-adjusted monthly basis in April, according to the Teranet-National Bank Composite House Price Index (March: -0.3%).
May 8, 2019
Housing starts on a seasonally-adjusted (SAAR) basis surged to 235,460 units in April, according to the Canada Mortgage and Housing Corporation (CMHC).
May 1, 2019
In April, the IHS Markit Manufacturing Purchasing Manager’s Index (PMI) fell to 49.7 from 50.5 a month earlier.
April 30, 2019
The economy shrank 0.1% month-on-month in February, contrasting January’s 0.3% expansion and missing analysts’ expectations of a flat reading.