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KEY INDICATORS IN THE CANADIAN ECONOMY.
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REAL GDP UNEMPLOYMENT RATE CONSUMER PRICE INDEX.
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REAL GDP. In 2017, the Real GDP was 1574.3 billion, and it eventually increased in the next two years. In 2018, the Real GDP increased to 1616.8 billion. Furthermore, by 2019, the Real GDP escalated to 1645.5 billion. Eventually, after the increase in Real GDP for more than two years, Real GDP sank to 1573.4 billion ..
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Year Real GDP % Change 2017 1574.3 2018 1616.8 2.70% 2019 1645.5 1.78% 2020 1573.4 -4.38%.
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UNEMPLOYMENT RATE. Chart, bar chart Description automatically generated.
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Year Unemployment rate % Change 2017 6.3 2018 5.8 -7.94% 2019 5.7 -1.72% 2020 9.5 66.67%.
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CONSUMER PRICE INDEX. Base year= 2002. In 2017, the consumer price index was 130.4, and it has been slowly increasing till the year 2020. In 2018, the CPI increased to 133.4. Furthermore, by 2019, the CPI shot up to 136. By 2020, the CPI slightly increased from last year’s CPI of 136 to 137..
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Year CPI % Change 2017 130.4 2018 133.4 2.30% 2019 136 1.95% 2020 137 0.74%.
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CITATIONS. “Real Gross Domestic Product (GDP) Canada 2019.” Statista , www.statista.com/statistics/650869/real-gdp-canada/ . “Unemployment Rate Canada 2019 | Statista.” Statista , Statista, 2019, www.statista.com/statistics/578362/unemployment-rate-canada/ . “Consumer Price Index (CPI) Canada 2021.” Statista , www.statista.com/statistics/587604/cpi-in-canada/ . Accessed 20 Feb. 2022. Trading Economics. “TRADING ECONOMICS | 20 Million INDICATORS from 196 COUNTRIES.” Tradingeconomics.com , 2020, tradingeconomics.com/ . Statistics Canada. “Statistics Canada: Canada’s National Statistical Agency.” Statcan.gc.ca , 2019, www.statcan.gc.ca/eng/start . “How to Calculate Real GDP Growth Rates.” Quickonomics , 31 Aug. 2019, quickonomics.com/how-to-calculate-real- gdp -growth-rates/. .