Economy

ItemMonthly:
2023 Aug
Monthly:
2023 Sep
Monthly:
2023 Oct
Monthly:
2023 Nov
Quarterly:
2023 Q1
Quarterly:
2023 Q2
Quarterly:
2023 Q3
Year
to Date*
Annual:
2021
Annual:
2022
Real Gross Domestic Product ($2012 millions)footnote 1844,252845,549N/A844,900874,981909,121
Real Gross Domestic Product (% change)0.80.2N/A1.55.43.9
Current Dollar Gross Domestic Product ($ millions)footnote 11,066,8691,081,013N/A1,073,941960,2261,048,258
Current Dollar Gross Domestic Product (% change)1.21.3N/A3.89.89.2

Employment

ItemMonthly:
2023 Aug
Monthly:
2023 Sep
Monthly:
2023 Oct
Monthly:
2023 Nov
Quarterly:
2023 Q1
Quarterly:
2023 Q2
Quarterly:
2023 Q3
Year
to Date
Annual:
2021
Annual:
2022
Employment (000's)7,9407,9607,9467,9527,8677,9227,9507,9167,3937,732
Net New Jobs (000's)−9.019.9−14.36.5106.354.827.9189.9367.4338.3
Net New Jobs (% change)−0.10.3−0.20.11.40.70.42.55.24.6
Unemployment Rate (per cent)5.96.06.26.15.15.45.85.78.15.6
Average Weekly Wage Rate, nsa ($)1,2881,2971,2971,3071,2541,2641,2881,2751,1621,216
Average Weekly Wage Rate, nsa (% change)5.04.05.04.95.15.04.95.02.24.7
Employment Insurance Beneficiaries (regular)122,750122,310N/AN/A113,370119,780122,190127,371471,822138,917
Employment Insurance Beneficiaries (regular) (% change)1.0−0.4N/AN/A0.45.72.0−18.0135.9−70.6

Consumers

ItemMonthly:
2023 Aug
Monthly:
2023 Sep
Monthly:
2023 Oct
Monthly:
2023 Nov
Quarterly:
2023 Q1
Quarterly:
2023 Q2
Quarterly:
2023 Q3
Year
to Date
Annual:
2021
Annual:
2022
Retail Sales ($ millions)24,68924,768N/AN/A74,04774,04174,169218,947266,456295,392
Retail Sales (% change)−0.10.3N/AN/A0.80.00.20.39.610.9
New Motor Vehicle Sales, nsa (units)64,75567,159N/AN/A149,955202,705192,029544,689675,000634,915
New Motor Vehicle Sales, nsa (% change)16.518.5N/AN/A9.213.515.713.03.4−5.9
Consumer Price Index (CPI), nsa159.9159.7160.3N/A156.5158.3159.7158.4143.2152.9
Consumer Price Index (CPI), nsa (% change)3.83.63.3N/A5.03.33.53.93.56.8

Housing

ItemMonthly:
2023 Aug
Monthly:
2023 Sep
Monthly:
2023 Oct
Monthly:
2023 Nov
Quarterly:
2023 Q1
Quarterly:
2023 Q2
Quarterly:
2023 Q3
Year
to Date
Annual:
2021
Annual:
2022
Housing Starts (000's)footnote 284.2103.7102.6N/A83.4101.593.674.499.696.1
Housing Starts (% change)−15.123.1−1.0N/A−19.221.7−7.80.022.5−3.5
MLS Home Resales (units)13,15112,67711,974N/A38,79345,32239,843143,587271,380184,388
MLS Home Resales (% change)−6.2−3.6−5.5N/A−0.716.8−12.1−13.418.8−32.1

Business

ItemMonthly:
2023 Aug
Monthly:
2023 Sep
Monthly:
2023 Oct
Monthly:
2023 Nov
Quarterly:
2023 Q1
Quarterly:
2023 Q2
Quarterly:
2023 Q3
Year
to Date
Annual:
2021
Annual:
2022
Manufacturing Sales ($ millions)32,96832,875N/AN/A96,19399,10099,010293,835311,432367,525
Manufacturing Sales (% change)−0.6−0.3N/AN/A3.33.0−0.17.011.818.0
International Merchandise Exports, nsa ($ millions)footnote 321,91820,95921,810N/A61,68565,54762,174211,216197,014226,036
International Merchandise Exports, nsa (% change)14.17.414N/A15.312.79.512.65.314.7
International Merchandise Imports, nsa ($ millions)footnote 340,16239,68040,595N/A109,208116,851116,013382,667372,486441,069
International Merchandise Imports, nsa (% change)2.91.93.1N/A9.42.71.34.19.918.4
Wholesale Trade ($ millions)47,40347,813N/AN/A130,182138,186142,255408,146442,870490,514
Wholesale Trade (% change)0.80.9N/AN/A3.96.12.912.413.710.8
Non-residential Building Permits ($ millions)2,3791,7071,981N/A5,7205,1775,85518,67815,99818,823
Non-residential Building Permits (% change)34.5−28.316.0N/A10.5−9.513.126.58.717.7
Private and Public Investment ($ millions)89,96097,512
Private and Public Investment (% change)11.28.4

Notes

All monthly and quarterly data are seasonally adjusted unless otherwise specified with "nsa". Year to Date data is nsa. Per cent change for nsa data is calculated on a year-to-year basis.

Sources: Statistics Canada, Ontario Ministry of Finance, Canada Mortgage and Housing Corporation and Canadian Real Estate Association.

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416-325-0755