Statistics Canada issued data on industrial research and development, 2022 (actual), 2023 (preliminary) and 2024 (intentions). Businesses in Canada continued their upward trend in research and development (R&D) spending in 2022, reaching new heights and building on the steady increase that began in 2016. All told, Canadian businesses spent a record $30.4 billion on in-house R&D … Read more
Statistics Canada issued data on Canadian international merchandise trade, July 2024. In July, Canada’s merchandise imports decreased 1.7 per cent, while exports fell 0.4 per cent. Consequently, Canada’s merchandise trade balance with the world moved from a revised deficit of $179 million in June to a surplus of $684 million in July. The full release is available … Read more
Statistics Canada posted data on energy statistics, June 2024. Primary energy production rose 5.9 per cent to 1.9 million terajoules in June. Secondary energy production also posted an increase, edging up 1.3 per cent to 0.4 million terajoules. The full release is available online. Statistics Canada released data on the quarterly capital spending: Oil and gas industries, second quarter … Read more
Statistics Canada released data on the gross domestic product, income and expenditure, second quarter 2024. Real gross domestic product (GDP) increased 0.5 per cent in the second quarter after rising 0.4 per cent in the first quarter. On a per capita basis, GDP fell 0.1 per cent in the second quarter, the fifth consecutive quarterly … Read more
Statistics Canada posted data on Canada’s balance of international payments, second quarter 2024. Canada’s current account balance (on a seasonal adjusted basis) posted an $8.5 billion deficit in the second quarter, widening $3.1 billion from the previous quarter.The full release is available online. Statistics Canada issued data on payroll employment, earnings and hours, and job vacancies, June 2024. … Read more
Statistics Canada posted the Economic and Social Reports, August 2024, which contains four new articles. The full release is available online. Statistics Canada released data on the model-based principal field crop estimates, July 2024. In 2024, Canadian farmers are projected to produce more wheat, canola, oats, and soybeans, but less corn for grain and barley, compared with … Read more
Statistics Canada posted results from the Canadian Survey on Business Conditions, third quarter 2024. Cost-related challenges remain among the top obstacles anticipated by businesses in the third quarter of 2024, though the proportion of businesses expecting cost-related obstacles has continued to ease since the second quarter of 2024. Meanwhile, the outlook of businesses has gradually … Read more
Statistics Canada posted data indicating that more Canadians commuting in 2024. The number of commuters reached 16.5 million in May 2024, continuing an upward trend that followed notable declines recorded during the COVID-19 pandemic in 2020 and 2021. The full release is available online. Statistics Canada released the monthly estimates of business openings and closures, May 2024. … Read more
Statistics Canada released data on retail trade, June 2024. Retail sales decreased 0.3 per cent to $65.7 billion in June. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers. The full release is available online. Statistics Canada issued the quarterly financial statistics for enterprises, second quarter 2024. Canadian corporations reported … Read more
Statistics Canada posted data on Employment Insurance, June 2024. In June, the number of Canadians receiving regular Employment Insurance benefits totalled 474,000, up 1.3 per cent (+6,000) from a month earlier. The full release is available online. Statistics Canada released the Employment Insurance Beneficiaries in Rural and Small Town Canada: Interactive Dashboard. The Employment Insurance Beneficiaries … Read more
