Canadian Economic Accounts Quarterly Review

Second quarter 2011

GDP by income and by expenditure

Release date: August 31, 2011

Real gross domestic product (GDP) declined 0.1% in the second quarter, following a 0.9% increase in the previous quarter.

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GDP by industry

Release date: August 31, 2011

Real gross domestic product rose 0.2% in June after a 0.3% decrease in May. Both the goods producing and the service industries increased 0.2% in June. Real gross domestic product has been hovering around the same level since January 2011.

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Balance of international payments

Release date: August 30, 2011

Canada's overall current account deficit widened by $5.3 billion to reach $15.3 billion in the second quarter. In the capital and financial account, non-residents continued to supply funds to the Canadian economy, largely through purchases of Canadian debt securities.

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Financial flows

Release date: August 31, 2011

Total funds raised by the domestic non-financial sectors rose to $260 billion, up from $219 billion in the previous quarter.

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Labour productivity

Release date: September 9, 2011

The labour productivity of Canadian businesses declined 0.9% in the second quarter after three quarters of gains. The decline comes against a backdrop of temporary factors which affected output more than labour, including wildfires in northern Alberta and a tsunami in Japan.

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International investment position

Release date: September 12, 2011

Canada's net international indebtedness increased a further $5.1 billion to $217.8 billion at the end of the second quarter.

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National balance sheet accounts

Release date: September 13, 2011

National net worth increased 1.2% to reach $6.4 trillion in the second quarter of 2011.

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