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%), amid disinflation. Based on 2026-Q1 data.

Based on 2026-Q1 data.

The Bank of Canada has set the policy rate at 2.25%. Headline inflation stands at 2.8%, with unemployment at 6.5%. 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

Key Drivers

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Bank of Canada Rate Decision

Key Drivers

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What Changed

Why It Matters

Financing Impact

What to Watch Next

Yield Curve

What this curve suggests

Bond Yields

Auction Demand

CORRAi

What CORRA suggests

Impact on bonds and fixed mortgage rates

Mortgage Rate Outlook (12–24 months)i

Decision lens

Base Case

Faster Cuts If…

Higher-for-Longer If…

Signals to watch

Mortgage Payment Calculator

Key Events

Sparks at Bank

Analysisi

Methodology

Rate Transmissioni

Borrower Fit Guidei

Variable may fit if you…

Watch out for

Fixed may fit if you…

Watch out for

GDP Growth

Inflation

Macro Fundamentalsi

How to read this table

Industry Footprinti

Currency & FX Lens

Why it matters for borrowers

FX drivers to watch

Trade Balancei

Trade Components

Trade News & Updates

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Top Trading Partners

Trade Agreements

Why it matters for borrowers

Official Sources

CORRA

Mortgage Rate Outlook (12–24 months)

Analysis

Rate Transmission

Borrower Fit Guide

Macro Fundamentals

Industry Footprint

Trade Balance