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S&P 5007,650.50+0.17%
NASDAQ 10029,644+0.67%
Shanghai Composite3,936.40+0.63%
Hang Seng24,906+0.63%
Nikkei 22565,019+1.38%
NIFTY 5023,402+0.24%
IDX Composite6,423.51-0.27%
DAX25,304-1.60%
FTSE 10010,659-1.45%
CAC 408,065.02-1.49%
S&P/TSX Composite35,807-0.19%
KOSPI6,991.66+1.41%
TAIEX47,719+1.14%
Brent Crude$98.12-5.54%
WTI Crude$94.63-5.65%
Gold$4,389-0.81%
Silver$66.52-0.06%
Copper$6.72+1.58%
Aluminum$3,446.75+0.42%
Iron Ore$97.57+0.15%
Soybeans$1,311.50+0.61%
Natural Gas$2.89-0.93%
CanadaIndependent weekly intelligence

The Canadian economy, one lens at a time.

Growth, prices, jobs, Bank of Canada policy, trade, fiscal flows, and business activity for Canada—each category read on its own terms, with consistent multi-year history.

Last updated: Sep 20, 2026

Indicators

12

Charted series

Lenses

8

Economic themes

History

2–3Y

Per-series context

Compare with the US
📈

Growth

🇨🇦

Canada GDP Growth

Apr 2026 · Canada

0.82 % QoQ
▲ 0.74 vs prev 0.08 % QoQ
Canada's real GDP grew 0.82% quarter over quarter in Q2 2026 after a revised 0.08% gain in Q1. Higher exports, household spending and business capital investment led the acceleration. Source: Statistics Canada (table 36-10-0104, chained 2017 dollars, seasonally adjusted).
🇨🇦

Canada GDP (Monthly)

Jun 2026 · Canada

0.26 % MoM
▼ 0.07 vs prev 0.33 % MoM
Canada's real GDP by industry rose 0.26% in June after a revised 0.33% gain in May. Services led the advance, with wholesale and retail trade among the largest contributors. Source: Statistics Canada (table 36-10-0434, chained 2017 dollars, seasonally adjusted).
💹

Inflation

🇨🇦

Canada CPI Inflation

Aug 2026 · Canada

3.03 % YoY
▲ 0 vs prev 3.03 % YoY
Canada's headline CPI inflation was 3.03% year over year in August, unchanged from July at the displayed precision. Computed from the Bank of Canada total CPI index (V41690973).
👷

Employment

🇨🇦

Canada Unemployment Rate

Aug 2026 · Canada

6.4 %
▲ 0 vs prev 6.4 %
Canada's unemployment rate held at 6.4% in August, unchanged from July, even as total employment declined. Source: Statistics Canada Labour Force Survey (table 14-10-0287, seasonally adjusted).
🇨🇦

Canada Jobs Added

Aug 2026 · Canada

-42 K MoM
▼ 117 vs prev 75 K MoM
Canada lost 42K jobs in August after adding 75K in July, reversing part of the prior month's increase. Source: Statistics Canada Labour Force Survey (table 14-10-0287, seasonally adjusted).
🛒

Consumption

🇨🇦

Canada Retail Sales

Jun 2026 · Canada

5.2 % YoY
▼ 0.9 vs prev 6.1 % YoY
Canadian retail sales grew 5.2% year over year in June, slowing from 6.1% in May. StatCan publishes retail trade about two months in arrears. Source: Statistics Canada (table 20-10-0056, seasonally adjusted).
🏦

Rates & Yields

🇨🇦

10Y/Long Yield Curve

2026-09-17 · Canada

+34 bp
upward sloping
10Y3.83%
Long4.17%
the long-term benchmark minus the 10-year benchmark, currently +34bp, so the curve slopes upward across the long end. Source: Bank of Canada Valet (10-year and long-term benchmark bond yields), daily.
🇨🇦

Canada Policy Rate

Sep 2026 · Canada

2.25 %
▲ 0 vs prev 2.25 %
The Bank of Canada's target for the overnight rate remained 2.25% in the September observations available at this refresh. Source: Bank of Canada (V39079).
🚢

Trade

🇨🇦

Canada Trade Balance

Jul 2026 · Canada

0.8 CAD B
▼ 3.4 vs prev 4.2 CAD B
Canada posted a C$0.8B merchandise trade surplus in July, down from C$4.2B in June. Source: Statistics Canada (table 12-10-0011, balance-of-payments basis, seasonally adjusted).
🏛️

Fiscal

🇨🇦

Canada Govt Revenues

Apr 2026 · Canada

522.1 CAD B
▲ 8.2 vs prev 513.9 CAD B
Federal government revenue ran at a C$522.1B annualised pace in Q2, up from C$513.9B in Q1. Source: Statistics Canada (table 36-10-0477, seasonally adjusted at annual rates).
🌐

PMI

🇨🇦

Canada Manufacturing PMI

Aug 2026 · Canada

53.0 Index
▼ 0.5 vs prev 53.5 Index
S&P Global Canada Manufacturing PMI registered 53.0 in August versus 53.5 in July. A reading above 50 signals expansion and below 50 contraction. Source: S&P Global via Trading Economics.
🇨🇦

Canada Services PMI

Aug 2026 · Canada

46.8 Index
▼ 2.3 vs prev 49.1 Index
S&P Global Canada Services PMI registered 46.8 in August versus 49.1 in July. A reading above 50 signals expansion and below 50 contraction. Source: S&P Global via Dow Jones / MarketScreener.

Economic Commentary

Auto-generated Canada macro notes · latest available data

AUTO
🇨🇦

Canada Unemployment Rate held steady at 6.4 % in Aug 2026.

🇨🇦

Canada Jobs Added softened to -42 K MoM in Aug 2026, retreating from 75 — momentum warranted monitoring.

🇨🇦

Canada Policy Rate held steady at 2.25 % in Sep 2026.

🇨🇦

Canada Trade Balance softened to 0.8 CAD B in Jul 2026, retreating from 4.2 — momentum warranted monitoring.

🇨🇦

Canada Govt Revenues improved to 522.1 CAD B in Apr 2026, up from 513.9 — a firmer reading than before.

🇨🇦

Canada GDP Growth improved to 0.82 % QoQ in Apr 2026, up from 0.08 — a firmer reading than before.

🇨🇦

Canada GDP (Monthly) softened to 0.26 % MoM in Jun 2026, retreating from 0.33 — momentum warranted monitoring.

🇨🇦

Canada CPI Inflation held steady at 3.03 % YoY in Aug 2026.

🇨🇦

Canada Retail Sales softened to 5.2 % YoY in Jun 2026, retreating from 6.1 — momentum warranted monitoring.

🇨🇦

Canada Manufacturing PMI softened to 53.0 Index in Aug 2026, retreating from 53.5 — momentum warranted monitoring.

🇨🇦

Canada Services PMI softened to 46.8 Index in Aug 2026, retreating from 49.1 — momentum warranted monitoring.

Commentary is auto-generated from data. Replace with your own analysis in the Blog section.