Economy

ItemMonthly:
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2024
Real Gross Domestic Product ($2017 millions)footnote 1953,529959,652N/A959,652932,757946,174
Real Gross Domestic Product (% change)0.60.6N/A2.11.71.4
Current Dollar Gross Domestic Product ($ millions)   footnote 11,203,7131,218,053N/A1,218,0531,119,5451,178,353
Current Dollar Gross Domestic Product (% change)1.51.2N/A5.75.45.3

Employment

ItemMonthly:
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Year
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Employment (000's)8,2308,1958,1998,2208,1838,2438,2058,2138,0068,146
Net New Jobs (000's)−27.5−34.63.421.25.859.2−38.0117.3242.0140.0
Net New Jobs (% change)−0.3−0.40.00.30.10.7−0.51.43.11.7
Unemployment Rate (per cent)7.57.87.97.87.47.57.87.75.67.0
Average Weekly Wage Rate, nsa ($)1,3611,3611,3741,3651,3691,3621,3671,3641,2791,339
Average Weekly Wage Rate, nsa (% change)3.73.54.83.64.83.44.03.75.04.7
Employment Insurance Beneficiaries (regular)167,880175,080N/AN/A159,207165,140N/A190,480124,999154,097
Employment Insurance Beneficiaries (regular) (% change)1.34.3N/AN/A0.83.7N/A10.5−10.123.3

Consumers

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Retail Sales ($ millions)26,15026,210N/AN/A77,17178,117N/A94,806297,337300,838
Retail Sales (% change)0.80.2N/AN/A3.01.2N/A4.50.71.2
New Motor Vehicle Sales, nsa (units)77,86277,11076,146N/A180,512175,894N/A329,150718,015764,392
New Motor Vehicle Sales, nsa (% change)12.28.72.4N/A6.10.9N/A3.011.96.5
Consumer Price Index (CPI), nsa165.1164.8165.9166.0163.2164.1165.6164.8158.7162.5
Consumer Price Index (CPI), nsa (% change)2.31.61.71.81.82.21.72.03.82.4

Housing

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Housing Starts (000's)footnote 239.270.572.663.565.050.469.21.089.374.6
Housing Starts (% change)−31.379.83.0−12.5−15.6−22.437.3110.0−7.1−16.5
MLS Home Resales (units)11,25611,61112,69213,36446,77436,89537,66780,156170,000174,648
MLS Home Resales (% change)−4.83.29.35.312.6−21.12.1−13.4−12.42.7

Business

ItemMonthly:
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2023
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2024
Manufacturing Sales ($ millions)31,56630,72430,833N/A92,48394,670N/A155,470389,693371,638
Manufacturing Sales (% change)−1.2−2.70.4N/A0.62.4N/A−1.05.3−4.6
Internal Merchandise Exports, nsa ($ millions)footnote 324,31120,07622,644N/A66,60069,955N/A112,674252,105252,418
International Merchandise Exports, nsa (% change)13.7−6.78.9N/A6.411.6N/A7.39.60.1
International Merchandise Imports, ($ millions)   footnote 343,20439,73740,222N/A118,599117,849N/A197,809457,930464,183
International Merchandise Imports, nsa (% change)8.50.71.4N/A2.67.8N/A5.03.21.4
Wholesale Trade ($ millions)47,19746,11346,430N/A141,019141,899N/A229,852546,362548,383
Wholesale Trade (% change)−0.6−2.30.7N/A2.70.6N/A3.211.40.4
Non-residential Building Permits ($ millions)1,7322,0393,254N/A5,8505,134N/A9,66121,32325,182
Non-residential Building Permits (% change)5.217.759.6N/A−15.2−12.2N/A1.313.318.1
Private and Public Investment ($ millions)110,613116,413
Private and Public Investment (% change)17.05.2

Notes

All monthly and quarterly data are seasonally adjusted unless otherwise specified with nsa "." Per cent change for seasonally unadjusted (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.

Contact us

For further information, please contact us at:

Ministry of Finance
Economic Analysis Unit
Macroeconomics and Revenue Branch
Office of Economic Policy
6th Floor, Frost Building North
95 Grosvenor Street
Toronto ON M7A 1Z1
416-325-0755