Fast Facts Friday: March 3, 2023

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

Fast Facts Friday
  1. Canada's current account balance (on a seasonally adjusted basis) recorded a $10.6 billion deficit in the fourth quarter of 2022, up $2.2 billion from the previous quarter. - The Daily — Canada's balance of international payments, fourth quarter 2022
  2. Real gross domestic product (GDP) edged down 0.1% in December 2022, following a 0.1% uptick in November. - The Daily — Gross domestic product by industry, December 2022
  3. Real gross domestic product (GDP) was nearly unchanged in the fourth quarter, following five consecutive quarterly increases. - The Daily — Gross domestic product, income and expenditure, fourth quarter 2022
  4. Businesses and governments are expected to invest $319.9 billion in non-residential construction and machinery and equipment in 2023, a 4.3% increase from 2022. - The Daily — Non-residential capital and repair expenditures, 2021 (revised), 2022 (preliminary) and 2023 (intentions)
  5. Retail sales reached $65.3 billion in December 2022, an increase of 7.0% compared with the same month in 2021. Higher sales were reported in 15 of the 19 commodity classes. - The Daily — Retail Commodity Survey, December 2022
  6. In 2018, when the value of paid and unpaid work was combined, women’s contribution to economic activity was 35.8% (21.5% paid work; 14.3% unpaid work). - The Daily — Economic and Social Reports, February 2023
  7. Capital expenditures in the oil and gas extraction industries, including expenditures on exploration and evaluation, totalled $9.0 billion in the fourth quarter of 2022. - The Daily — Quarterly capital spending: Oil and gas industries, fourth quarter 2022
  8. Farm cash receipts totalled $94.9 billion in 2022, up 14.1% (+$11.7 billion) compared with 2021. - The Daily — Farm cash receipts, January to December, 2022
  9. In 2020, both energy used by industries (-8.0%) and industrial greenhouse gas emissions (-10.2%) decreased significantly. These drops can largely be attributed to the COVID19 pandemic. - The Daily — Canadian System of Environmental–Economic Accounts: Energy use and greenhouse gas emissions, 2020
  10. The labour productivity of Canadian businesses fell 0.5% in the fourth quarter, a third consecutive quarterly decline. - The Daily — Labour productivity, hourly compensation and unit labour cost, fourth quarter 2022

Contact information

For more information, contact the Statistical Information Service (toll-free 1-800-263-1136514-283-8300infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).

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