AI Intelligence Summary
Canada faces an acute housing affordability crisis driven by rapid immigration-driven population growth colliding with restricted supply. The Bank of Canada was among the first G7 central banks to pause, signaling potential easing ahead of the Fed. Oil sands exports provide commodity resilience. However, household debt levels among the highest in the OECD and mortgage renewal cliffs represent significant financial stability risks. Productivity growth lagging the US is a persistent concern for long-run competitiveness.
1.10%
GDP Growth
2.80%
CPI Inflation
3.10%
Core CPI
5.80%
Unemployment
5.00%
Policy Rate
2.20%
Real Rate
106.40%
Debt/GDP
49.80
PMI
GDP Growth Rate
Annual real GDP growth (%)
Inflation (CPI)
Consumer price index annual change (%)
Monetary Policy Rate
Central bank benchmark rate (%)
Unemployment Rate
% of labour force unemployed
Full Indicator Dashboard
| Indicator | Value | Status |
|---|---|---|
| GDP Growth | 1.10% | moderate |
| Headline Inflation | 2.80% | target |
| Core Inflation | 3.10% | elevated |
| Unemployment Rate | 5.8% | moderate |
| Policy Rate | 5.00% | restrictive |
| Real Interest Rate | 2.20% | tight |
| Yield Curve Spread | -0.32% | inverted |
| Debt / GDP | 106.4% | high |
| Current Account | -1.40% | deficit |
| Fiscal Balance | -1.80% | deficit |
| PMI (Composite) | 49.8 | contraction |
| M2 Growth | 3.40% | slow |
| Industrial Production | 0.40% | growing |
| Trade Balance | $12.4B | surplus |
| FDI Inflows | $44.2B | strong |
| FX Reserves Coverage | 4.8 months | moderate |