The median and average household net worth of Canadians have been increasing. The median household net worth of Canadians reached $519,700 in 2023, and the average reached $995,900.

Canada has 15 active free trade agreements, giving it favourable access to the markets of 51 countries. In 2024, the value of Canada’s imports and exports reached $1.5 trillion, of which 85% were exchanged with countries with which Canada has signed free trade agreements.

Canada’s electricity exports go to just one market, the United States. In 2024, Canada exported 35.6 million megawatt hours of electricity to its southern neighbour, valued at $3.13 billion. That’s enough electricity to power more than 3.3 million homes.

Tax data from 2022 shows that the top 1% of earners had an income of at least $283,200, a 4.3% increase from $271,300 in 2021.

Housing starts signal demand for labor, materials, appliances, home furnishings, and mortgages, making it a key economic indicator.

In 2023, the United States imported 3.8 million barrels per day from Canada, representing about 60% of the total crude oil it imported that year.

In 2023, Canada’s GDP was $2.38 trillion, up about $40 billion or 1.2% from $2.34 trillion in 2022.

In 2024, the value of goods Quebec exchanged with its international trade partners totaled almost $226.7 billion. The United States accounted for 55% of Quebec’s international merchandise trade.

In 2022, the median after-tax household income in Canada was $70,500, a decline of 3.4% or $2,500 from $73,000 in 2021.

Combining imports and exports, the United States was Ontario’s top trade partner in 2024, with more than $438 billion of goods exchanged.

The median income of individuals in Canada rose by $1,440 in 2022, reaching $43,090—an increase of 3% from the previous year.

In 2023, the United States was Canada’s top trade partner with nearly $968 billion of goods and services exchanged between the two nations.

The federal government’s deficit for the 2022-2023 fiscal year was approximately $35.23 billion, a significant decrease from $90.32 billion the previous year.

At the end of the 2022-2023 fiscal year, the Canadian federal debt reached $1.17 trillion, up 2% or $33 billion from the previous fiscal year.

The CPI is one of the most commonly used measures of inflation. Produced by Statistics Canada (StatCan), the CPI compares the price of a fixed basket of goods and services — about 700 or so — Canadians typically buy.

In fiscal 2022-2023, the Canadian government spent a total of $483.1 billion, down $20.5 billion, or 4.1 per cent, from 2021–22.

In fiscal 2022-2023, the federal government’s revenue increased to $447.8 billion from $413.3 billion in 2021-2022. That represents approximately an 8% jump.