Economy

ItemMonthly:
2025 May
Monthly:
2025 Jun
Monthly:
2025 Jul
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2025 Aug
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2024 Q4
Quarterly:
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2025 Q2
Year
to Date*
Annual:
2023
Annual:
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:
2025 May
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2024 Q4
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2025 Q2
Year
to Date*
Annual:
2023
Annual:
2024
Employment (000's)8,1998,2208,2178,1918,1838,2438,2058,2248,0068,146
Net New Jobs (000's)3.421.2−2.8−26.05.859.2−38.095.9242.0140.0
Net New Jobs (% change)0.00.30.0−0.30.10.7−0.51.23.11.7
Unemployment Rate (per cent)7.97.87.97.77.47.57.87.95.67.0
Average Weekly Wage Rate, nsa ($)1,3741,3651,3851,3921,3691,3621,3671,3701,2791,339
Average Weekly Wage Rate, nsa (% change)4.83.63.12.74.83.44.03.55.04.7
Employment Insurance Beneficiaries (regular)175,830183,170184,090N/A160,337165,847178,780183,147125,001154,274
Employment Insurance Beneficiaries (regular) (% change)−0.94.20.5N/A1.03.47.813.5−10.123.4

Consumers

ItemMonthly:
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Annual:
2024
Retail Sales ($ millions)25,46626,37625,955N/A77,17178,02578,001177,127297,337300,838
Retail Sales (% change)−2.63.6−1.6N/A3.01.10.04.70.71.2
New Motor Vehicle Sales, nsa (units)76,14673,64172,574N/A180,512175,894226,897475,365718,015764,392
New Motor Vehicle Sales, nsa (% change)2.46.78.7N/A6.10.95.94.411.96.5
Consumer Price Index (CPI), nsa165.9166.0166.5166.0163.2164.1165.6165.2158.7162.5
Consumer Price Index (CPI), nsa (% change)1.71.81.61.71.82.21.71.93.82.4

Housing

ItemMonthly:
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2024 Q4
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Year
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Annual:
2023
Annual:
2024
Housing Starts (000's)footnote 272.762.677.659.565.050.469.21.089.374.6
Housing Starts (% change)3.3−13.924.0−23.4−15.6−22.437.3110.0−7.1−16.5
MLS Home Resales (units)12,80613,44014,47514,48345,74836,95037,970110,901161,784169,352
MLS Home Resales (% change)9.25.07.70.114.2−19.22.8−5.7−12.04.7

Business

ItemMonthly:
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Year
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2023
Annual:
2024
Manufacturing Sales ($ millions)30,58329,80830,644N/A92,48394,60190,969215,985389,693371,638
Manufacturing Sales (% change)0.0−2.52.8N/A0.62.3−3.8−1.05.3−4.6
Internal Merchandise Exports, nsa ($ millions)footnote 322,62621,15721,179N/A66,56669,96863,867155,015252,105252,327
International Merchandise Exports, nsa (% change)8.81.211.3N/A6.311.71.17.09.60.1
International Merchandise Imports, ($ millions)   footnote 341,15938,67537,285N/A118,695117,857119,659274,802457,930464,331
International Merchandise Imports, nsa (% change)3.7−2.7−1.3N/A2.77.70.73.33.21.4
Wholesale Trade ($ millions)46,48346,95547,732N/A141,019141,922139,603325,752546,362548,383
Wholesale Trade (% change)0.71.01.7N/A2.70.6−1.63.911.40.4
Non-residential Building Permits ($ millions)3,4202,2692,090N/A5,8505,1347,74314,84521,32325,182
Non-residential Building Permits (% change)66.5−33.7−7.9N/A−15.2−12.250.85.813.318.1
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