Canada Economic Dashboard — Rates, Inflation & Macro Data

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Canada Economic Dashboard — Rates, Inflation & Macro Data | MacroBrief

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Canada — Macro Snapshot

GDP Contraction — MacroBrief classifies CAN as experiencing two consecutive quarters of negative GDP (2026-Q1: -0.1%).

The Bank of Canada has set the policy rate at 2.25%. Headline inflation stands at 2.8%, with unemployment at 6.6%. GDP growth is running at -0.1%.

Data sources: Statistics Canada, Bank of Canada, national statistics. Currency: CAD. Classification: MacroBrief Regime Framework v2.4.

Year	GDP	Debt/GDP	C/A	Savings	Budget	CPI
2025	$2.3T	105%	-0.3%	5.5%	-1.4%	2.0%
2024	$2.2T	106%	-0.4%	5.8%	-1.5%	2.5%
2023	$2.1T	107%	-0.5%	6.2%	-1.3%	3.9%
2022	$2.0T	105%	-0.3%	5.0%	-1.0%	6.8%
2021	$1.9T	110%	0.1%	11.0%	-4.0%	3.4%
2020	$1.7T	118%	-1.8%	18.0%	-15.0%	0.7%

How to read this table

GDP — Nominal GDP in US dollars. Measures total economic output.

Debt/GDP — Government debt as % of GDP. Above 100% indicates debt exceeds annual output.

C/A — Current account balance (% of GDP). Negative = importing more than exporting.

Savings — Gross national savings rate. Higher savings provide a buffer against external shocks.

Budget — Government budget balance (% of GDP). Negative = fiscal deficit.

CPI — Consumer price inflation (year over year). Central banks typically target ~2%.

Annual data typically lags 1–2 years. Rows marked Forecast are IMF projections. One year changes may not reflect the underlying trend — compare across 3–5 years.

Weekly Newsletter

Canada — Macro Snapshot

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Why It Matters

Financing Impact

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Yield Curve

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Bond Yields

Auction Demand

CORRAi

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Sparks at Bank

Analysisi

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Rate Transmissioni

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GDP Growth

Inflation

Macro Fundamentalsi

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FX drivers to watch

Trade Balancei

Trade Components

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CORRA

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Analysis

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