Western Economic Diversification Canada
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Key Economic Indicators - January

  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) 2,408 2,267 568 633 18,225 Dec-16
Change from previous month 17 6.9 -1.1 1.2 53.7  
% ch. from previous month 0.7% 0.3% -0.2% 0.2% 0.3%  
% ch. from year earlier 3.1% -0.8% -1.2% -0.2% 1.2%  
 
Unemployment Rate (SA,%) 5.8% 8.5% 6.5% 6.3% 6.9% Dec-16
percentage points from previous month -0.3 -0.5 -0.3 0.1 0.1  
percentage points from year earlier -0.9 1.5 1 0.4 -0.2  
 
Regular EI beneficiaries (SA) 56,330 96,890 21,390 15,690 574,540 Nov-16
Change from previous month 130 3,220 -50 180 -690  
% ch. from previous month 0.2% 3.4% -0.2% 1.2% -0.1%  
% ch. from previous year 3.4% 57.3% 40.4% 3.4% 4.8%  
 
Average weekly earnings $924.46 $1,114.21 $988.81 $898.14 $960.60 Nov-16
Change from previous year $14.06 -$17.86 $6.84 $14.51 $8.03  
 
Prices
CPI (y/y) 1.9% 1.0% 0.6% 1.1% 1.5% Dec-16
CPI (y/y) previous month 1.6% 0.2% 0.0% 0.2% 1.2% Nov-16
 
Consumers and Business
Retail Sales (SA, $millions) $6,373 $6,150 $1,573 $1,606 $45,227 Nov-16
% ch. from previous month -0.7% -0.5% 1.6% 0.8% 0.2%  
% ch. from previous year 5.5% -2.1% 2.5% 2.2% 3.0%  
 
Manufacturing Sales (SA, $millions) $3,997 $5,424 $1,238 $1,511 $51,770 Nov-16
% ch. from previous month 2.4% 3.9% 1.3% 2.8% 1.5%  
% ch. from previous year 10.3% 0.6% 11.6% 2.8% 1.6%  
 
Building Permits (SA, $millions) $959 $827 $143 $193 $7,168 Dec-16
% ch. from previous month -23.5% -24.3% -8.2% 5.8% -6.6%  
% ch. from previous year -26.5% -28.6% -38.4% -7.5% 1.4%  
 
Housing Starts (SAAR, thousands) 42 27 5 4 207 Dec-16
% ch. from previous month -9.4% 6.4% 30.6% -36.7% 10.6%  
% ch. from previous year 18.8% 3.5% 5.0% -12.9% 19.9%  
 
International Trade
Merchandise Exports ($millions) $3,928 $7,964 $2,547 $1,200 $41,652 Dec-16
% ch. from previous month 4.4% 4.3% -4.8% 0.8% -1.7%  
% ch. from previous year 32.8% 9.3% -2.1% 0.6% -1.2%  
 
Merchandise Imports ($millions) $3,867 $2,255 $733 $1,612 $41,952 Dec-16
% ch. from previous month -2.4% 16.2% 13.6% -0.8% -6.0%  
% ch. from previous year 4.1% -1.7% 0.3% -3.1% -3.6%  
 
Demographics
Population (estimate) 4,773,345 4,268,929 1,155,393 1,323,958 36,443,632 Q4 2016
% ch. from previous year 1.3% 1.6% 1.6% 1.7% 1.3%  
Largest Cities (CMAs) Vancouver (2,463,431) Calgary (1,392,609) Saskatoon (295,095) Winnipeg* (778,489)   2016
  Victoria* (367,770) Edmonton* (1,321,426) Regina* (236,481)      

* 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