Economy

ItemMonthly:
2023 Jan
Monthly:
2023 Feb
Monthly:
2023 Mar
Monthly:
2023 Apr
Quarterly:
2022 Q3
Quarterly:
2022 Q4
Quarterly:
2023 Q1
Year
to Date*
Annual:
2021
Annual:
2022
Real Gross Domestic Product ($2012 millions)footnote 1839,849838,120N/A835,923805,813835,923
Real Gross Domestic Product (% change)0.4−0.2N/A3.75.23.7
Current Dollar Gross Domestic Product ($ millions)footnote 11,053,7971,054,381N/A1,044,679956,7071,044,679
Current Dollar Gross Domestic Product (% change)0.10.1N/A9.210.39.2

Employment

ItemMonthly:
2023 Jan
Monthly:
2023 Feb
Monthly:
2023 Mar
Monthly:
2023 Apr
Quarterly:
2022 Q3
Quarterly:
2022 Q4
Quarterly:
2023 Q1
Year
to Date
Annual:
2021
Annual:
2022
Employment (000's)7,8507,8657,8877,9197,7397,7617,8677,8037,3937,732
Net New Jobs (000's)62.815.621.432.7−22.422.2106.3192.7367.4338.3
Net New Jobs (% change)0.80.20.30.4−0.30.31.42.55.24.6
Unemployment Rate (per cent)5.25.15.14.95.45.65.15.28.15.6
Average Weekly Wage Rate, nsa ($)1,2511,2531,2591,2681,2281,2391,2541,2581,1621,216
Average Weekly Wage Rate, nsa (% change)3.35.46.56.35.66.45.15.42.24.7
Employment Insurance Beneficiaries (regular)108,970111,920112,990N/A129,683112,943111,293145,587471,822138,917
Employment Insurance Beneficiaries (regular) (% change)2.72.71.0N/A−5.8−12.9−1.5−29.9135.9−70.6

Consumers

ItemMonthly:
2023 Jan
Monthly:
2023 Feb
Monthly:
2023 Mar
Monthly:
2023 Apr
Quarterly:
2022 Q3
Quarterly:
2022 Q4
Quarterly:
2023 Q1
Year
to Date
Annual:
2021
Annual:
2022
Retail Sales ($ millions)24,71924,97324,544N/A73,25873,48074,23664,543266,456295,392
Retail Sales (% change)0.71.0−1.7N/A−3.20.31.02.49.610.9
New Motor Vehicle Sales, nsa (units)41,54244,47563,938N/A166,026153,020149,955149,955675,000634,915
New Motor Vehicle Sales, nsa (% change)14.010.65.5N/A−9.91.89.29.23.4−5.9
Consumer Price Index (CPI), nsa155.7156.4157.3157.9154.3155.1156.5156.8143.2152.9
Consumer Price Index (CPI), nsa (% change)5.65.14.34.27.16.35.04.83.56.8

Housing

ItemMonthly:
2023 Jan
Monthly:
2023 Feb
Monthly:
2023 Mar
Monthly:
2023 Apr
Quarterly:
2022 Q3
Quarterly:
2022 Q4
Quarterly:
2023 Q1
Year
to Date
Annual:
2021
Annual:
2022
Housing Starts (000's)footnote 274.9101.180.0115.6110.8103.383.526.599.696.1
Housing Starts (% change)−31.034.9−20.944.524.9−6.8−19.215.022.5−3.5
MLS Home Resales (units)12,74612,81512,81515,22237,18337,36638,37651,505270,094182,865
MLS Home Resales (% change)0.10.50.018.8−15.80.52.7−32.218.5−32.3

Business

ItemMonthly:
2023 Jan
Monthly:
2023 Feb
Monthly:
2023 Mar
Monthly:
2023 Apr
Quarterly:
2022 Q3
Quarterly:
2022 Q4
Quarterly:
2023 Q1
Year
to Date
Annual:
2021
Annual:
2022
Manufacturing Sales ($ millions)32,75931,82331,681N/A92,47093,16196,26394,392311,432367,525
Manufacturing Sales (% change)5.4−2.9−0.4N/A−0.90.73.39.111.818.0
International Merchandise Exports, nsa ($ millions)footnote 320,51718,60322,565N/A56,77657,57661,68561,685197,104226,132
International Merchandise Exports, nsa (% change)24.313.19.5N/A18.99.415.215.25.314.7
International Merchandise Imports, nsa ($ millions)footnote 334,64434,60638,776N/A114,019112,818108,027108,027375,019439,233
International Merchandise Imports, nsa (% change)19.512.2−2.0N/A24.210.78.78.710.717.1
Wholesale Trade ($ millions)42,78943,03845,604N/A123,240125,324131,430126,174442,870490,514
Wholesale Trade (% change)1.80.66.0N/A1.51.74.99.713.710.8
Non-residential Building Permits ($ millions)1,6971,7802,167N/A4,3395,0875,6445,36415,99818,718
Non-residential Building Permits (% change)11.84.921.7N/A−9.017.211.048.38.717.0
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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Ministry of Finance
Economic Analysis Unit
Macroeconomics and Revenue Branch
Office of Economic Policy
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95 Grosvenor Street
Toronto ON M7A 1Z1
416-325-0755