Economy
ItemMonthly:
2022 May
Monthly:
2022 Jun
Monthly:
2022 Jul
Monthly:
2022 Aug
Quarterly:
2021 Q4
Quarterly:
2022 Q1
Quarterly:
2022 Q2
Year
to Date*
Annual:
2020
Annual:
2021
Real Gross Domestic Product ($2012 millions)807,011816,287NA816,287762,164795,232
Per cent change1.51.1NA2.9−5.14.3
Current Dollar Gross Domestic Product ($ millions) 1,008,2161,044,705NA1,044,705866,940970,041
Per cent change3.33.6NA10.5−2.811.9
Employment
ItemMonthly:
2022 May
Monthly:
2022 Jun
Monthly:
2022 Jul
Monthly:
2022 Aug
Quarterly:
2021 Q4
Quarterly:
2022 Q1
Quarterly:
2022 Q2
Year
to Date*
Annual:
2020
Annual:
2021
Employment (000's)7,7397,7147,6877,6687,5857,6357,7307,6767,0227,366
Net New Jobs (000's1.9−24.7−27.4−19.2157.249.795.5414.1−355.3344.8
Per cent change0.0−0.3−0.4−0.22.10.71.35.7−4.84.9
Unemployment Rate (per cent) 5.55.15.35.76.66.05.35.99.68.0
Average Weekly Wage Rate ($), nsa 1,1771,1941,1881,2051,1381,1691,1781,1791,1141,134
Per cent change3.55.95.67.02.62.93.94.17.81.8
Employment Insurance Beneficiaries (regular)140,700135,820136,290NA208,197167,040137,470162,104200,038471,822
Per cent change3.5−3.50.3NA−57.9−19.8−17.7−72.967.2135.9
Consumers
ItemMonthly:
2022 May
Monthly:
2022 Jun
Monthly:
2022 Jul
Monthly:
2022 Aug
Quarterly:
2021 Q4
Quarterly:
2022 Q1
Quarterly:
2022 Q2
Year
to Date*
Annual:
2020
Annual:
2021
Retail Sales ($ millions)23,23923,71022,529NA63,91967,42369,818153,932223,901244,687
Per cent change1.62.0−5.0NA1.65.53.614.9−3.59.3
New Motor Vehicle Sales (units), nsa63,53664,75054,253NA143,484136,799188,910379,962652,838665,161
Per cent change2.7−5.3−14.2NA−15.9−7.2−1.7−5.6−23.11.9
Consumer Price Index (CPI), nsa153.7154.4154.6154.1145.9149.0153.2151.9138.4143.2
Per cent change7.87.97.66.95.06.37.57.00.73.5
Housing
ItemMonthly:
2022 May
Monthly:
2022 Jun
Monthly:
2022 Jul
Monthly:
2022 Aug
Quarterly:
2021 Q4
Quarterly:
2022 Q1
Quarterly:
2022 Q2
Year
to Date*
Annual:
2020
Annual:
2021
Housing Starts (000's90.594.796.9100.696.481.888.756.081.399.6
Per cent change15.74.72.23.9−6.4−15.18.4−817.922.5
MLS Home Resales (units) 14,79813,62312,60313,55964,11061,30744,685139,352228,304270,705
Per cent change−9.0−7.9−7.57.62.7−4.4−27.1−28.88.818.6
Business
ItemMonthly:
2022 May
Monthly:
2022 Jun
Monthly:
2022 Jul
Monthly:
2022 Aug
Quarterly:
2021 Q4
Quarterly:
2022 Q1
Quarterly:
2022 Q2
Year
to Date*
Annual:
2020
Annual:
2021
Manufacturing Sales ($ millions) 30,58230,93530,999NA83,55187,95392,846209,874278,562310,826
Per cent change−2.41.20.2NA7.75.35.620.7−12.611.6
International Merchandise Exports ($ millions), nsa 19,37820,03517,997NA52,63653,17458,111129,282187,168197,014
Per cent change32.018.015NA0.96.424.315.0−10.85.3
International Merchandise Imports ($ millions), nsa37,81338,30935,517NA101,06699,019112,926247,463338,796372,486
Per cent change24.823.917.1NA7.911.623.517.6−7.39.9
Wholesale Trade ($ millions) 40,66140,67540,408NA118,620120,763121,516278,378389,382442,870
Per cent change1.20.0−0.7NA7.51.80.612.7−1.213.7
Non-residential Building Permits ($ millions) 1,4501,5901,207NA4,3434,1344,7399,81114,71615,998
Per cent change−14.79.6−24.1NA10.5−4.814.610.0−6.98.7
Private and Public Investment ($ millions)80,86390,716
Per cent change−3.512.2

* Notes: All 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.
Notes: All data are seasonally adjusted unless otherwise specified with "nsa".
International merchandise trade is reported on a customs basis.
GDP levels are expressed at annual rates. Monthly and quarterly housing starts are expressed at seasonally adjusted annual rates.
Monthly and quarterly housing starts are expressed at seasonally adjusted annual rates. Year-to-date housing starts are based on actual unadjusted urban-area data.
Sources: Statistics Canada, Ontario Ministry of Finance, Canada Mortgage and Housing Corporation and Canadian Real Estate Association.

For further information, please contact us at:
Ministry of Finance
Macroeconomics and Revenue Branch
Economic Analysis Unit
6th Floor, Frost Building North
95 Grosvenor Street
Toronto ON M7A 1Z1
416-325-0755