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The Daily Monday, November 28, 2022

Press Release

Canada’s balance of international payments, third quarter 2022

Canada’s current account balance (on a seasonally adjusted basis) recorded a deficit of $11.1 billion in the third quarter, following surpluses in the first two quarters of 2022. In the financial account (unadjusted for seasonal variation), inflows of funds from abroad to finance the current account deficit came mainly from transactions in currency and deposits.

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Farm income, 2021 (revised data)

Realized net income for Canadian farmers rose 49.8% to $13.7 billion in 2021, as strong growth in receipts offset higher expenses. This increase followed a 79.1% gain in 2020 and a 5.1% rise in 2019. Excluding cannabis, realized net income in 2021 was up 49.6% to $14.0 billion.

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Farm cash receipts, January to September 2022

Farm cash receipts for Canadian farmers totalled $66.7 billion over the first three quarters of 2022, up 13.7% (+$8.0 billion) from the same period in 2021 as a result of higher receipts for crops, livestock, and payments.

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Monthly estimates of business openings and closures, August 2022

In August 2022, the number of active businesses (-0.3%; -2,529) dropped for the second consecutive month. This decline is consistent with the variation in employment as measured in the Labour Force Survey, which posted slight contractions in both July and August 2022. The decline in the number of active businesses was mainly driven by the increase in the business closure rate from 4.6% in July to 4.9% in August. The business opening rate (4.4%) slightly declined, driven by the 0.1 percentage point decrease of the reopening rate whereas the entry held steady at 1.8%.

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Commercial rents in key Canadian economic markets, third quarter 2022

Data from the Commercial Rents Services Price Index are now available for the third quarter of 2022.

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Production and disposition of tobacco products, October 2022

Canadian manufacturers produced 1.1 billion cigarettes in October 2022, down 19.9% from September 2022. Cigarette production was 31.3% lower compared with October 2021.

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Open Database of Educational Facilities

A new version of the Open Database of Educational Facilities (ODEF) is now available as part of Statistics Canada’s Linkable Open Data Environment (LODE) initiative. The LODE aims to enhance the use, accessibility and harmonization of open microdata from authoritative sources, such as governments and professional associations. It also supports collaboration on open data and their use for the production of official statistics and for geospatial research.

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