The Daily Thursday, November 16, 2023
Press Release
Employment Insurance, September 2023
The number of Canadians receiving regular Employment Insurance benefits was little changed in September (-0.9%; -4,000) and stood at 437,000. This followed three consecutive monthly increases ending in July and a slight decline in August.
Stock and consumption of fixed capital, 2022
Canadian net capital stock totalled $7.0 trillion in 2022, which included $3.2 trillion in non-residential capital stock, such as machinery and engineering, and $3.8 trillion in residential capital stock.
Perspectives on growth, inflation and affordability
Economic activity in Canada slowed as households and businesses adjusted to higher borrowing costs. Economy-wide output was relatively flat from February to August 2023, and business optimism moderated in the third quarter. Recent employment gains did not keep pace with population growth, putting downward pressure on the employment rate. On a per capita basis, economic growth stagnated during the COVID-19 pandemic, and it will require improvements in labour productivity to return to its long-term trend and sustain living standards.
Provincial symmetric input-output tables, 2020
The provincial symmetric input-output tables for 2020 are now available.
Remaining useful service life ratios of non-residential capital stock, 2022
Despite investment growth being observed in many non-residential assets (+4.4%), it was not enough to increase the remaining useful service life of Canadian non-residential capital stock in 2022. In fact, the increase in the investment was not enough to replace the obsolete assets. The remaining useful service life ratio of non-residential capital stock was down slightly from 63.6% in 2021 to 63.5% in 2022, its lowest level since 2009 and the sixth straight decrease. A decrease in this ratio could indicate that new capital investment is required.
IBF4
