For additional information relating to this article, please contact:
August 29, 2014CANADIAN ECONOMIC ACCOUNTS Q2 2014 CONTINUED After a decline last quarter of growth, exports increased at a seasonally adjusted annualized 17.8 per cent on higher passenger cars and light trucks, farm and fishing products, and forestry products and building packaging materials. Imports were up 11.1 per cent with contributions from increases in motor vehicles and parts, consumer goods, and basic and industrial chemical, plastic and rubber products. Imports of energy products and metal ores and concentrates were down.
Nominal GDP increased 4.1 percent (annualized rate) in the 2nd quarter following growth. Compensation of employees grew 2.8 percent in the second quarter with gains in both goods-producing and services-producing industries. While the net operating surplus of corporations were up 6.3 per cent on an increase in non-financial corporations offsetting a decline for financial corporations. The household savings rate declined from 5.0 per cent to 3.9 per cent in the second quarter as household consumption rose faster than disposable income. The household debt service ratio was down to 6.94% from an average of 7.11% in 2013.
CANSIM Table 380-0064CANSIM Table 380-0063Canadian economic accounts, first quarter of 2014 and March 2014