Highlights / Statistics Canada

Economy, Society

Canada’s economy plunged by record 11.6% in April, says statistics agency

Canada’s economy saw its largest monthly drop on record in April as it came to a near standstill due to the pandemic, but early indications point to a slight rebound in May as businesses began to reopen, the country’s national »

Uncategorized

Retail sales see massive drop since physical distancing measures

Retail sales in Canada have gone down 33.6 per cent since the social and physical distancing measures were put in place in mid-March, according to a report released by Statistics Canada earlier today. In the month of April, retail sales »

Economy

Inflation rate falls to -0.4% in May, second month in a row below zero

Canada’s inflation rate fell 0.4 per cent on a year-to-year basis in May, as cheaper gasoline prices pushed inflation below zero for the second month in a row, the national statistics agency reported Wednesday. Excluding gasoline, inflation rose 0.7 per »

Economy, Society

Canada April factory sales plummet record 28.5% but May data should improve

Canadian manufacturing sales plummeted by a record 28.5 per cent to $36.4 billion in April, following a 9.8-per-cent decline in March, as the COVID-19 pandemic ground much of Canada’s economy to a halt, the country’s national statistics agency reported Monday. »

Uncategorized

Pair of government agencies will expand race-based data

Noting that it recognizes that the social, economic and labour market impacts of COVID-19 have not been equally felt by all Canadians, Statistics Canada is starting a pilot project to collect information on race and visible minority status as part »

Economy, Society

Canadians owe $1.77 for every dollar they have to spend: Statistics Canada

Even as Canadians became more frugal with their borrowing amid the economic slowdown due to the COVID-19 pandemic, the decline in household disposable income in the first quarter led to an increase in the overall household debt ratio, according to »

Economy, International

New figures show Canada’s job numbers went up in May

How good the news actually is — and how long it lasts — remains to be seen, but new data from Statistics Canada will likely be a sight for a few sore eyes. After more than a million Canadians lost »

Economy, International, Society

Canada’s economy takes its biggest dip since the 2009 financial crisis

New data from Statistics Canada shows Canada’s economy suffered its sharpest quarterly drop since the 2009 financial crisis in the first three months of this year. Gross domestic product dropped at an annualized 8.2 per cent. Economists had anticipated a »

Economy, Society

Retail sales in March set a record nobody wants

The numbers are in from just the first two weeks of Canada’s COVID-19 lockdown and they’re ugly. Statistics Canada reported Friday that retail sales fell 10 per cent to $47.1 billion in March, as non-essential businesses began shutting their doors »

Economy, Society

Canada’s inflation rate turned negative in April for first time since 2009

The annual inflation rate in Canada dipped into negative territory in April as the economy came to a halt in the first full month of the pandemic, the national statistics agency reported Wednesday. Statistics Canada said the consumer price index »