Monthly
This dataset tracks monthly over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1960 - 9/1/2022
Summary
The Monthly Economic Indicator (CANREC) tracks the Canadian national income and expenditure accounts, providing a comprehensive overview of economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Monthly Economic Indicator (CANREC) is a key measure of the Canadian economy, encompassing GDP, consumer spending, investment, and trade. It serves as a barometer for policymakers and analysts to assess the nation's economic health and trajectory.
Methodology
The data is collected and calculated by Statistics Canada through comprehensive surveys and administrative sources.
Historical Context
This indicator is widely used by the Bank of Canada, government agencies, and private sector analysts to inform economic policy and investment decisions.
Key Facts
- CANREC covers over 80% of the Canadian economy.
- The indicator is released approximately 60 days after the end of each month.
- CANREC has been a leading economic metric in Canada since the 1980s.
FAQs
Q: What does this economic trend measure?
A: The Monthly Economic Indicator (CANREC) provides a comprehensive assessment of the Canadian economy, including GDP, consumer spending, investment, and trade.
Q: Why is this trend relevant for users or analysts?
A: CANREC is a crucial indicator for policymakers, economists, and investors to gauge the overall health and direction of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through extensive surveys and administrative sources.
Q: How is this trend used in economic policy?
A: The Bank of Canada, government agencies, and private sector analysts rely on CANREC to inform monetary and fiscal policy decisions, as well as investment strategies.
Q: Are there update delays or limitations?
A: CANREC is released approximately 60 days after the end of each month, with some inherent limitations in timely data collection.
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Citation
U.S. Federal Reserve, Monthly Economic Indicator (CANREC), retrieved from FRED.