Canadian Economic Accounts Quarterly Review

Issue notes

Table of contents

About this publication

Revisions policy

Revisions in this issue

Overview

GDP by income and by expenditure

Exports declined for the second consecutive quarter
Sustained growth in consumer spending
Housing investment still strong
Massive build-up of inventories
Corporate profits weakened
Investment in plant and equipment remained strong
Import growth slowed
Personal saving slipped further
Government surplus continued to improve
Year-end review
Consumer spending continues at steady pace in 2004
Investment in residential structures still increasing in 2004
Business invested heavily in machinery and equipment
Imports growth more than doubled place
Exports rebounded in 2004
Corporate profits skyrocketed in 2004
Personal saving lowest on record
Government surplus improved in 2004

GDP by industry

Wholesaling up while retailing is driven down by cars and alcohol
Industrial production advances
Motor vehicles drive manufacturing higher
Fortunes in the mining, oil and gas sector mixed
The slide in non-residential building construction halted
Other industries
Industry profile, fourth quarter 2004
Industry profile, 2004

Balance of international payments
Current account
Goods surplus falls
Lower profits earned on direct investment abroad
Services remained stable
Financial account
Moderate increase in direct investment abroad
Investment in foreign bonds soars
Canadians repatriate assets held by foreign direct investors
Robust foreign investment in Canadian securities
Other investment

Financial flows
Household demand for mortgages rises
Corporations build surpluses during the year
Overall government borrowing declines