The main articles are:
GDP
2023
Eighteenth in the world in PPP GDP
GDP growth relative to pre-COVID-19 level
2022
GDP estimate - $2.2 trillion
GDP size forecast - $2.2 trillion
2021: GDP size - $2.02 trillion
2020: Over 20 years, Canada's GDP has grown by 166%
2018: GDP per capita $45k
Financial system
Sovereign Wealth Fund
National debt
2023: State debt - 107% of GDP
Non-financial debt
2022: Aggregate non-financial debt
Inflation
2022
Inflation in November - 6.9%
Inflation rises to 7.7% - a record since 1983
Annual inflation in Canada in May 2022 accelerated to 7.7% from 6.8% in April, follows from the data of the country's statistical center. Thus, the figure became a record since January 1983, when annual inflation in Canada was 8.2%.
2021: Inflation rises to 4.8%
Consumer price inflation in Canada reached 4.8% in December 2021, the highest level since 1991.
Key rate
Main article: National Bank of Canada
Stock market
2021: Record IPO volume since 2006
Lending to other countries
2022: Canada increases lending to Ukraine to $1.5 billion
In August 2022, it was announced that Canada would issue a loan to Ukraine for almost $350 million for the purchase of fuel against the backdrop of a military special operation by Russia. After that, the total volume of loans provided by Ottawa to Ukraine will reach $1.5 billion. According to the Rada, the loan is designed for 10 years at 1.6%.
Businessmen
Billionaires in Canada
2021: The richest 1% of citizens account for 23.6% of the population's assets
2020: 9th in the world in the number of billionaires - 44
Mining
Uranium ore mining
2022: World No. 2 in uranium mining with 7,400 tons
Lithium mining
2022:500 tonnes of lithium produced
The "triangle" of South America and Mexico as of April 2022 accounts for 60% of the world's lithium deposits.
Oil production
2023: Plan to complete Trans Mountain oil pipeline expansion
Canada, where the world's third largest oil fields are located, plans to complete the expansion of the Trans Mountain pipeline in 2024 and increase transportation by an additional 600 thousand barrels per day - at the level of daily production in Azerbaijan.
Difficulties in drilling the tunnel can lead to a delay in the project until 2024. The project was postponed for many years, and its cost increased due to opposition from environmentalists and indigenous peoples.
2021: Production of 5.4 million bpd
2023: Canada's biggest metal producer takeovers in 20 years
2022: Ban on three Chinese companies investing in mining in Canada
November 2, 2022 Canada ordered three Chinese companies to cancel their investments in Canadian companies for the extraction of the most important useful minerals for reasons of national security.
Labour market
2023: Rallies of civil servants demanding indexation of salaries and permission to work remotely
On April 19, 2023, the largest strikes of state and municipal service workers in the last 40 years took place in large Canadian cities. The protest was organized by one of the largest trade unions in the country - the Alliance of the Civil Service of Canada.
The protesters seek to index salaries by 4.5% per year over the next three years, and also oppose the adoption of a law on compulsory work.
In turn, the Treasury Council of Canada points out the need for employees to agree on a remote regime with the employer, and also comes only at a three percent indexation of salaries per year.
As a result of rallies of employees of municipal services in the country, the work of commercial seaports, the issuance of passports and visas, as well as the receipt of tax returns were disrupted.
The government promises to make every effort to resolve the problem as soon as possible and come to a mutually beneficial agreement.
2022: Proportion of workers aged 65 or over - above 10%
2020: Canadian authorities compensate companies for 75% of salaries so they do not fire people
On April 11, 2020, Canada passed a bill to subsidize wages in an attempt to stabilize the economy of the country affected by the COVID-19 coronavirus, which Prime Minister Justin Trudeau called the biggest problem of his generation.
The House of Commons, one of the components of the Canadian Parliament, has agreed on a package of anti-crisis assistance to enterprises affected by the coronavirus. The volume of the program is 73 billion Canadian dollars ($52 billion).
In accordance with the bill, funds will be allocated from the Canadian budget to compensate companies for 75% of salaries so that they do not cut workers. Up to C $847 ($607) per week is allocated for each employee.
Subsidies will be paid within two to five weeks. This should stop a massive wave of cuts: in recent weeks, about 5 million Canadians have applied for emergency material assistance - one in four workers in the country.
 | The front line is everywhere, - said Justin Trudeau, comparing the fight against coronavirus with the war. 'Each of us has a role to play in helping protect our country from the threat it now faces. |  |
The Prime Minister said that Canada has been on the verge of a strong economic downturn since the Great Depression - the economic crisis of 1929 - the late 1930s.
The government will also increase tax breaks for small, medium and large businesses, providing more than $10 billion in additional support. Some enterprises will be able to apply for large loans.
By April 12, 2020, the number of confirmed cases of infection with the new coronavirus in Canada reached 23,301 people, 653 patients died from the disease, the country's Ministry of Health said.[1]
Unemployment
2023: Youth unemployment - 10.2%
2020: Unemployment rate - 9.7%
Incomes of the population
2023: Minimum wage - $1,545
2022
Real wage growth by a quarter in 22 years
Decrease in real income per employee in the third quarter by 1.2%
in
Real estate
2023
Only 1.4% of housing is available for rent
Lower property prices at the beginning of the year
2022: Property value to family income ratio
2021: Weak growth in residential property construction
Energy carriers
Energy consumption per capita
and
Power
NPP
2022: Number of operating reactor plants - 17
Industry
2021:191 robots for 10,000 employees
R&D
2020: R&D spending - $27.6 billion
Agriculture
2021: Share of farmland - 7%
2019: Low use of pesticides in agriculture
Trade
2023
Trade turnover between Russia and Canada - $83 million
Trade between Russia and Canada in January-November 2023 amounted to $83 million, while in 2021 the figure was measured at $2.2 billion. The Ambassador of the Russian Federation to Ottawa Oleg Stepanov cited such data in February 2024.
| | With the start of Russia's special military operation in Ukraine, Ottawa actually initiated a total blocking of Russian-Canadian economic ties. Because of such unfriendly actions, bilateral trade breathes incense, "he said in a conversation with RIA Novosti. | |
According to Stepanov, since February 2022, Ottawa has introduced more than 60 packages of sanctions against Moscow. The restrictions affected a number of critical sectors of the Russian economy.
Oleg Stepanov noted that Canada has banned almost all imports from Russia. The most favored nation regime has been unilaterally canceled, which entails the introduction of 35% duties for Russian exporters. The airspace and waters of Canada are closed for aircraft and ships associated with Russia or its citizens, the Russian ambassador to Ottawa added.[2]
4th in the world in terms of wheat exports
2022
Trade turnover between Russia and Canada - $749.6 million
Trade between Russia and Canada, according to the Statistics Agency of Canada, in 2022 amounted to $749.6 million (a decrease of 66.4% compared to 2021). Canada's exports to Russia in 2022 amounted to $165.4 million, a decrease of 68.4% compared to 2021. In 2022, Canada imported goods from Russia for $584.2 million (a decrease of 65.8%).
The main goods of Canadian exports to Russia for 2023:
- aircraft and other aircraft, with an empty equipped vehicle weight of more than 15,000 kg - $65.6 million;
- other machines and mechanical devices with individual functions - $12.7 million;
- fertilized eggs for incubation of other poultry - $8.4 million.
The main positions of Canadian imports from Russia were the following goods:
- urea, including in aqueous solution - $138.7 million;
- other distillates and products - $47.7 million;
- tires and tires pneumatic rubber new for cars - $35.9 million;
The United States is the largest export destination
Gas export via pipelines
Reduction in exports to Russia by 10 times against the background of the conflict in Ukraine
Exports from Canada to Russia fell 91% between March and December 2022, falling from $584 million in 2021 to $52 million in 2022.
2021: Online sales accounted for 13.6% of total retail sales
2020: Canada - in the top ten exporters of wheat with an indicator of 26.1 million tons
2019: Computer Device Exports
Communication
Main Article: Communications (Canadian Market)
Astronautics
2022:56 satellites in orbit - 8th in the world
Consumption
Meat
2023: Poultry meat is the most consumed type of meat
Notes
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