Canada


Canada Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Canada; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Bank of Canada - Banque du Canada
International Reserves US$ 65.819 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 1.805 trillion (2011 estimate)
GDP (Purchasing Power Parity) 1.443 trillion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.8% 2.9% 1.9% 3.1% 3% 2.8% 2.2% 0.7%
2009 2010 2011 2012*
-2.8% 3.2% 2.5% 2.1%

*Estimate

GDP per capita - current prices US$ 51,689 (2011 estimate)
GDP per capita - PPP $41,335 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
2.4% 2.32% 2.11% 1.79% 1.65%

**Forecast

GDP - composition by sector
  • agriculture: 1.9% 
  • industry: 27.1% 
  • services: 71% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) 1.8% (2010)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
0.3%(2008) 1.8% 2.9% 2.2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
8.3% 8% 7.5%(2009) 7.4%

*Estimate

Household saving rates 4.3% (Net saving; 2012 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
71.1% 83.6% 85.1% 85% 84.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0.1% -4.9% -5.6% -4.5% -3.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$1.681 trillion US$2.16 trillion US$1.907 trillion
Largest companies in Canada Bombardier (Aerospace and defense), Air Canada (Airline), Magna International (Auto & Truck Parts), Shaw Communications (Broadcasting & Cable), Research In Motion (Communications Equipment), CGI Group (Computer Services), SNC-Lavalin Group (Construction Service), Barrick Gold (Diversified Metals & Mining), Teck Resources (Diversified Metals & Mining), Goldcorp (Diversified Metals & Mining), Yamana Gold (Diversified Metals & Mining), Kinross Gold (Diversified Metals & Mining), Silver Wheaton (Diversified Metals & Mining), First Quantum Minerals (Diversified Metals & Mining), Cameco (Diversified Metals & Mining), Iamgold (Diversified Metals & Mining), Eldorado Gold (Diversified Metals & Mining), Shoppers Drug Mart (Drug Retail), Fortis (Canada) (Electric Utilities), Saputo (Food Processing), Viterra (Food Processing), George Weston (Food Retail), Couche Tard (Food Retail), Metro Inc (Food Retail), Empire (Food Retail), Onex (Investment services), Dundee (Investment services), Power Corp of Canada (Life & Health Insurance), Manulife Financial (Life & Health Insurance), Sun Life Financial (Life & Health Insurance), Industrial Alliance Insurance (Life & Health Insurance), Royal Bank of Canada (Major Banks), TD Bank (Major Banks), Bank of Nova Scotia (Major Banks), Bank of Montreal (Major Banks), Canadian Imperial Bank (Major Banks), National Bank of Canada (Major Banks), Suncor Energy (Oil & Gas Operations), Canadian Natural Resources (Oil & Gas Operations), Husky Energy (Oil & Gas Operations), Cenovus Energy (Oil & Gas Operations), Talisman Energy (Oil & Gas Operations), Nexen (Oil & Gas Operations), EnCana (Oil & Gas Operations), Penn West Petroleum (Oil & Gas Operations), Canadian Oil Sands (Oil & Gas Operations), Pacific Rubiales Energy (Oil & Gas Operations), Crescent Point Energy (Oil & Gas Operations), Enbridge (Oil Services & Equipment), TransCanada (Oil Services & Equipment), Valeant Pharmaceuticals (Pharmaceuticals), Thomson Reuters (Printing & Publishing), Fairfax Financial (Property & Casualty Insurance), Intact Financial (Property & Casualty Insurance), Canadian National Railway (Railroads), Canadian Pacific Railway (Railroads), Brookfield Asset Mgmt (Real Estate), Boardwalk Real Estate (Real Estate), Laurentian Bank (Regional Banks), Tim Hortons (Restaurants), Potash of Saskatchewan (Specialized Chemicals), Agrium (Specialized Chemicals), Canadian Tire (Specialty Stores), BCE (Telecommunications Services), Rogers Communications (Telecommunications Services), Telus (Telecommunications Services) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -48.3 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP -2.7% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

29.4% (2010)

(Data released on April 2012)

Shares in world total merchandising export 2.48%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 1.79% (2011)(2007)

(Data were released in 2012)

Total exports US$481.7 billion (2012 estimate) 
Export commodities motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment; chemicals, plastics, fertilizers; wood pulp, timber, crude petroleum, natural gas, electricity, aluminum
Total imports US$480.9 billion (2012 estimate) 
Import commodities machinery and equipment, motor vehicles and parts, crude oil, chemicals, electricity, durable consumer goods
Exports - major partners US 73.7%, UK 4.2% (2011)
Imports - major partners US 49.5%, China 10.8%, Mexico 5.5% (2011)
FDI inflows
2009 2010 2011
US$21,406 million US$23,413 million(2009) US$40,932 million(2009)
FDI outflows
2009 2010 2011
US$41,665 million US$38,585 million US$49,569 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$44,141 million US$16,718 million(2009) US$30,794 million(2009) US$40,215 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Pinafore Acquisitions Ltd, Tomkins PLC, United Kingdom, $4.4 billion
Investor group, HS1 Ltd, United Kingdom, $3.4 billion
Goldcorp Inc, Andean Resources Ltd Springer Science+Business Media Deutschland, United States, $3.4 billion
Brookfield Asset Management Inc, General Growth Properties Inc, United States, $3.3 billion
Canada Pension Plan Investment Board, Intoll Group, Australia, $3.1 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Barrick Gold Corp, Equinox Minerals Ltd, Australia, $7.4 billion
Toronto-Dominion Bank, Cerberus Capital Management LP, United States, $6.3 billion
Bank of Montreal,Ontario,CA, Marshall & Ilsley Corp,WI, United States, $4.1 billion(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 17 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 3 out of 185 countries(2009)

Enforcing Contracts: 62 out of 185 countries

Registering Property: 54 out of 185 countries

Getting credit: 23 out of 185 countries

Protecting investors: 4 out of 185 countries

Trading across border: 44 out of 185 countries

Paying Taxes: 8 out of 185 countries

Dealing with Construction Permits: 69 out of 185 countries

Getting Electricity: 152 out of 185 countries

Resolving Insolvency: 4 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
14

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 6 Score: 79.9 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-5
Total area 9,984,670 km2 (2006)
Capital Ottawa (2009)
Currency Canadian dollars (CAD) (2009)
Government type a parliamentary democracy, a federation, and a Commonwealth realm (2009)
Languages English (official) 59.3%, French (official) 23.2%, other 17.5%
Religions Roman Catholic 42.6%, Protestant 23.3% (including United Church 9.5%, Anglican 6.8%, Baptist 2.4%, Lutheran 2%), other Christian 4.4%, Muslim 1.9%, other and unspecified 11.8%, none 16% (2001 census)
Total population
1980 1990 2000 2012* 2017**
24.47 million 27.63 million 30.65 million 34.83 million 36.95 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
69.1% 75.7% 79.5% 80.7%
Population median age 40 years (2010)
Population growth rate 1% (2011)
Life expectancy 81 years (2010)
Adult literacy N/A
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

32.56 (2000)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

123.14% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 83% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Ottawa: 114th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

15.2615 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TREASURY & CASH MANAGEMENT BANKS & PROVIDERS

2010:
  • Best Treasury Management Systems & Services Providers / Pension Plan Administration Services CPAS Systems (Global, 2010)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Royal Bank of Canada (National, 2013)
2012:
  • COUNTRY WINNERS Scotiabank (North America, 2012)
2011:
  • COUNTRY WINNERS Scotiabank (Global, 2011)
2010:
  • COUNTRY WINNERS Scotiabank (North America, 2010)
2009:
  • COUNTRY WINNERS Scotiabank (Global, 2009)

WORLD'S BEST DEVELOPED MARKET BANKS

(ranking of the 50 safest banks in the world; the first is the safest)
2012:
  • Royal Bank of Canada (RBC) (North America, 2012)
2011:
  • Royal Bank of Canada (Global, 2011)
2010:
  • Royal Bank of Canada (José De Gregorio, 2010)
2009:
  • Scotiabank (Global, 2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (North America, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Online Cash Management Scotiabank (North America, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Trade Finance Services Scotiabank (North America, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (Mark Carney, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Online Deposit, Credit and Investment Product Offerings Scotiabank (Global, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Integrated Consumer Bank Site Scotiabank (Global, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Information Security Initiatives Scotiabank (Global, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best in Mobile Banking Royal Bank of Canada (RBC) (Global, 2012)
  • REGIONAL WINNERS / Best Consumer Internet Banks Scotiabank (Global, 2012)
  • GLOBAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Trade Finance Services Scotiabank (Global, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Royal Bank of Canada (North America, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (North America, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best in Mobile Banking CIBC (North America, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Integrated Consumer Bank Site Royal Bank of Canada (North America, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Web Site Design Royal Bank of Canada (North America, 2011)
  • REGIONAL WINNERS / Best Consumer Internet Banks RBC (National, 2011)
  • GLOBAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best In Mobile Banking CIBC (Global, 2011)
2010:
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Information Security Initiatives CIBC (North America, 2010)
  • COUNTRY WINNERS / Best Consumer Internet Banks CIBC (José De Gregorio, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks CIBC (National, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank/Scotia Capital (National, 2009)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Online Consumer Credit Site CIBC (National, 2009)

WORLD'S SAFEST BANKS

2013:
  • OVERALL SAFEST TD Bank Group (Global, 2013)
  • OVERALL SAFEST Royal Bank of Canada (Global, 2013)
  • OVERALL SAFEST Bank of Nova Scotia (Global, 2013)
  • OVERALL SAFEST Caisse centrale Desjardins (Global, 2013)
  • OVERALL SAFEST Bank of Montreal (Global, 2013)
  • OVERALL SAFEST CIBC (Global, 2013)
  • REGIONAL WINNERS TD Bank (North America, 2013)
  • REGIONAL WINNERS Royal Bank of Canada (North America, 2013)
  • REGIONAL WINNERS Bank of Nova Scotia (North America, 2013)
  • REGIONAL WINNERS Caisse centrale Desjardins (North America, 2013)
  • REGIONAL WINNERS Bank of Montreal (North America, 2013)
  • REGIONAL WINNERS CIBC (North America, 2013)
2012:
  • OVERALL SAFEST TD Bank Group (National, 2012)
  • OVERALL SAFEST Bank of Nova Scotia (National, 2012)
  • OVERALL SAFEST Caisse centrale Desjardins (Global, 2012)
  • OVERALL SAFEST Royal Bank of Canada (Global, 2012)
  • REGIONAL WINNERS TD Bank Group (Global, 2012)
  • REGIONAL WINNERS Bank of Nova Scotia (National, 2012)
  • OVERALL SAFEST Bank of Montreal (North America, 2012)
  • OVERALL SAFEST Canadian Imperial Bank of Commerce (North America, 2012)
  • OVERALL SAFEST National Bank of Canada (North America, 2012)
  • REGIONAL WINNERS Caisse centrale Desjardins (North America, 2012)
  • REGIONAL WINNERS Royal Bank of Canada (Global, 2012)
  • REGIONAL WINNERS Bank of Montreal (National, 2012)
  • REGIONAL WINNERS Canadian Imperial Bank of Commerce (National, 2012)
  • REGIONAL WINNERS National Bank of Canada (National, 2012)
2011:
  • REGIONAL WINNERS Royal Bank of Canada (Global, 2011)
  • REGIONAL WINNERS Toronto-Dominion Bank (Global, 2011)
  • REGIONAL WINNERS Scotiabank (North America, 2011)
  • REGIONAL WINNERS Caisse centrale Desjardins (Global, 2011)
  • REGIONAL WINNERS BMO Financial Group (National, 2011)
  • REGIONAL WINNERS CIBC (Global, 2011)
  • OVERALL SAFEST Royal Bank of Canada (Global, 2011)
  • OVERALL SAFEST Toronto-Dominion Bank (TD Bank) (Global, 2011)
  • OVERALL SAFEST Scotiabank (Bank of Nova Scotia) (Global, 2011)
  • OVERALL SAFEST Caisse centrale Desjardins (North America, 2011)
  • OVERALL SAFEST BMO Financial Group (North America, 2011)
  • OVERALL SAFEST CIBC (National, 2011)
2010:
  • OVERALL SAFEST Royal Bank of Canada (North America, 2010)
  • OVERALL SAFEST Toronto-Dominion Bank (North America, 2010)
  • OVERALL SAFEST Scotiabank (National, 2010)
  • OVERALL SAFEST Caisse centrale Desjardins (National, 2010)
  • OVERALL SAFEST Bank of Montreal (North America, 2010)
  • OVERALL SAFEST CIBC (North America, 2010)
  • REGIONAL WINNERS Royal Bank of Canada (North America, 2010)
  • REGIONAL WINNERS Toronto-Dominion Bank (National, 2010)
  • REGIONAL WINNERS Scotiabank (Global, 2010)
  • REGIONAL WINNERS Caisse centrale Desjardins (Global, 2010)
  • REGIONAL WINNERS BMO Financial Group (National, 2010)
  • REGIONAL WINNERS CIBC (North America, 2010)
2009:
  • OVERALL SAFEST Royal Bank of Canada (Global, 2009)
  • OVERALL SAFEST Toronto-Dominion Bank (Mark Carney, 2009)
  • OVERALL SAFEST Scotiabank (National, 2009)
  • OVERALL SAFEST Caisse centrale Desjardins (National, 2009)
  • OVERALL SAFEST Bank of Montreal (National, 2009)
  • OVERALL SAFEST CIBC (North America, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS CIBC Mellon (North America, 2012)
2011:
  • COUNTRY WINNERS CIBC Mellon (Global, 2011)
2010:
  • COUNTRY WINNERS CIBC Mellon (North America, 2010)
2009:
  • COUNTRY WINNERS CIBC Mellon (Mark Carney, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • GLOBAL WINNERS/Best Up-and-Comer BMO Capital Markets (Global, 2013)
  • DEALS OF THE YEAR / Global Bookrunners RBC Capital Markets (Global, 2013)
  • SECTORS WINNERS/Metals & Mining BMO Capital Markets (Global, 2013)
  • REGIONAL WINNERS/Best M&A Bank Goldman Sachs (North America, 2013)
  • COUNTRY WINNERS BMO Capital Markets (National, 2013)
2012:
  • SECTORS / Infrastructure Scotiabank (North America, 2012)
  • SECTORS / Metals & Mining BMO Capital Markets (National, 2012)
  • COUNTRY WINNERS BMO Capital Markets (North America, 2012)
2011:
  • SECTORS / Infrastructure Scotia Capital (Global, 2011)
  • SECTORS / Metals & Mining BMO Capital Markets (Global, 2011)
  • COUNTRY WINNERS Scotia Capital (National, 2011)
2010:
  • SECTORS / Infrastructure Scotia Capital (Global, 2010)
  • SECTORS / Metals & Mining BMO Capital Markets (Global, 2010)
  • COUNTRY WINNERS Scotia Capital (National, 2010)
2009:
  • GLOBAL / Most Creative RBC Capital Markets (Global, 2009)
  • SECTORS / Infrastructure Scotia Capital (Global, 2009)
  • COUNTRY WINNERS Scotia Capital (National, 2009)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:

WORLD'S BIGGEST BANKS

2012:
  • OVERALL BIGGEST Royal Bank of Canada (RBC) (National, 2012)
  • OVERALL BIGGEST TD Bank Group (North America, 2012)
  • OVERALL BIGGEST Scotiabank (Bank of Nova Scotia) (National, 2012)
  • OVERALL BIGGEST Bank of Montreal (BMO) (National, 2012)
2011:
  • OVERALL BIGGEST Royal Bank of Canada (RBC) (National, 2011)
  • OVERALL BIGGEST Toronto-Dominion Bank (TD) (Global, 2011)
  • OVERALL BIGGEST Scotiabank (Bank of Nova Scotia) (Global, 2011)
2010:
  • OVERALL BIGGEST Royal Bank of Canada (Global, 2010)
  • OVERALL BIGGEST Toronto-Dominion Bank (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Scotiabank (Global, 2013)
2012:
  • COUNTRY WINNERS Scotiabank (National, 2012)
2011:
  • COUNTRY WINNERS Scotiabank (Global, 2011)
  • COUNTRY WINNERS Scotia Capital (Global, 2011)
2010:
  • COUNTRY WINNERS Scotia Capital (North America, 2010)
2009:
  • COUNTRY WINNERS Scotia Capital (Global, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE