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The Daily Monday, May 30, 2022

Press Release

Canada’s balance of international payments, first quarter 2022

Canada’s current account balance (on a seasonal adjusted basis) recorded a $5.0 billion surplus in the first quarter of 2022 after posting a small deficit of $137 million in the previous quarter. In the financial account (unadjusted for seasonal variation), portfolio investment generated an unprecedented inflow of funds of $119.7 billion in the first quarter.

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Canadian Survey on Business Conditions, second quarter 2022

Businesses expected to face a variety of obstacles in the short term related to rising costs, hiring and recruitment, and supply chains. Nearly two-fifths expected to raise prices over the next three months, and over three-quarters expected to retain the same number of employees.

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Monthly estimates of business openings and closures, February 2022

In February 2022, the number of active businesses decreased (-0.4%; -3,555) compared with the previous month for the first time since May 2020. This decrease was largely driven by an increase in the business closure rate, from 4.1% in January to 5.0% in February. The business opening rate held steady at 4.9%.

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Quality of employment, 2021

For many Canadians, employment is a key determinant of quality of life. Not only can jobs provide income and contribute to prosperity, but employment can also be a source of personal growth and positive social relationships. At the same time, employment can negatively affect quality of life, as some jobs may expose workers to long working hours, discrimination or low wages.

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Production and disposition of tobacco products, April 2022

Canadian manufacturers produced 1.2 billion cigarettes in April 2022, down 22.8% from March 2022. Cigarette production was 17.5% lower compared with April 2021.

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Visitor Travel Survey, first quarter to fourth quarter, 2021

Preliminary data from the Visitor Travel Survey (VTS) for the second, third, and fourth quarters of 2021 are now available, as well as revised data for the first quarter. Data tables of international travellers visiting Canada are available upon request.

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