Western Economic Diversification Canada
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Key Economic Indicators - October

  British Columbia Alberta Saskatchewan Manitoba Canada Last
Update
Gross Domestic Product
Real GDP1 (2007 $billions, forecast) $214 $292 $58 $55 $1,673 2016 (f)
% ch. from year earlier 3.0% -2.0% 0.2% 2.1% 1.5%  
 
Labour Market
Employment (SA, thousands) 2,386 2,264 569 632 18,117 Sep-16
Change from previous month -0.6 13.3 0.3 -2.1 67.2  
% ch. from previous month 0.0% 0.6% 0.1% -0.3% 0.4%  
% ch. from year earlier 2.6% -2.0% -1.1% -1.0% 0.8%  
 
Unemployment Rate (SA,%) 5.7% 8.5% 6.8% 6.4% 7.0% Sep-16
percentage points from previous month 0.2 0.1 0.5 0.5 0  
percentage points from year earlier -0.7 1.9 1.6 1.2 -0.1  
 
Regular EI beneficiaries (SA) 53,570 86,570 16,980 15,160 563,000 Aug-16
Change from previous month -1440 -18,160 -3700 -110 -17,210  
% ch. from previous month -2.6% -17.3% -17.9% -0.7% -3.0%  
% ch. from previous year -2.3% 61.9% 20.4% 2.0% 4.3%  
 
Average weekly earnings $923.92 $1,123.48 $985.21 $891.15 $960.49 Aug-16
Change from previous year $20.64 -$6.11 $10.34 $13.31 $15.17  
 
Prices
CPI (y/y) 1.8% 0.5% 1.1% 1.3% 1.3% Sep-16
CPI (y/y) previous month 2.0% 0.7% 0.7% 1.1% 1.1% Aug-16
 
Consumers and Business
Retail Sales (SA, $millions) $6,247 $6,060 $1,539 $1,598 $43,984 Aug-16
% ch. from previous month 0.0% -0.1% -0.4% 1.7% -0.1%  
% ch. from previous year 4.9% -5.0% -1.7% 3.5% 0.9%  
 
Manufacturing Sales (SA, $millions) $3,891 $5,230 $1,212 $1,424 $51,124 Aug-16
% ch. from previous month 2.1% 2.2% 7.4% 6.0% 0.9%  
% ch. from previous year 8.1% -7.6% 2.9% 1.3% -1.0%  
 
Building Permits (SA, $millions) $1,157 $1,008 $150 $261 $7,331 Aug-16
% ch. from previous month 15.9% 1.3% -7.7% 10.5% 10.4%  
% ch. from previous year 4.5% -22.0% -36.2% 47.4% -2.2%  
 
Housing Starts (SAAR, thousands) 48 29 5 5 219 Sep-16
% ch. from previous month 33.7% 47.4% -25.2% 6.1% 19.1%  
% ch. from previous year 65.4% -21.6% 28.8% -38.7% -6.0%  
 
International Trade
Merchandise Exports ($millions) $3,276 $7,035 $2,109 $1,041 $39,595 Aug-16
% ch. from previous month 0.9% 14.7% -3.0% 0.7% 11.0%  
% ch. from previous year 5.3% -14.3% -17.6% -0.7% -2.4%  
 
Merchandise Imports ($millions) $4,282 $1,972 $685 $1,674 $46,010 Aug-16
% ch. from previous month 0.3% 4.7% -14.1% 13.4% 9.5%  
% ch. from previous year -1.0% -17.7% -17.9% -7.2% 0.3%  
 
Demographics
Population (estimate) 4,751,612 4,252,879 1,150,632 1,318,128 36,286,425 Q3 2016
% ch. from previous year 1.5% 1.3% 1.5% 1.9% 1.2%  
Largest Cities (CMAs) Vancouver (2,504,340) Calgary (1,439,756) Saskatoon (304,975) Winnipeg* (793,428)   2015
  Victoria* (365,291) Edmonton* (1,363,277) Regina* (241,422)      

* Provincial Capital

[1] Real GDP at basic prices, forecast (Conference Board of Canada Provincial Outlook Spring 2016)

SA - Seasonally adjusted

SAAR - Seasonally adjusted at annual rates

Sources: Statistics Canada and Conference Board of Canada