Fast Facts Friday: March 22, 2024

Catch up on the latest facts and read more via the links below in case you missed them this week!

1. In February 2024, prices of products manufactured in Canada (IPPI) rose 0.7% on a monthly basis, while prices of raw materials purchased by manufacturers operating in Canada (RMPI) increased 2.1% month over month. – Read more
2. Investment in building construction declined 0.9% to $19.7 billion in January 2024. – Read more
3. The Consumer Price Index rose 2.8% on a year-over-year basis in February 2024, down from a 2.9% gain in January. – Read more
4. For the first time in 2023, zero-emission vehicles (ZEVs) accounted for 1 in 10 (10.8%) of all new motor vehicle registrations. – Read more
5. March 21 was International Day of Forests. Canada has the third-largest forested area in the world! – Read more
6. The number of Canadians receiving regular Employment Insurance (EI) benefits was little changed in January 2024 (+0.3%; +1,600) and stood at 468,000. – Read more
7. The national index edged up 0.1% month over month in February 2024. – Read more
8.  In the first quarter of 2024, approximately one in seven Canadian businesses were already using (9.3%) or had plans to use (4.6%) generative AI. – Read more