Covered Bond Program Overview
Canada GDP and Exports
Well diversified economy, with several key industries including finance, manufacturing, services and real estate
Following the 2007-2008 global recession, the diversity had been a stabilizing factor and led to strong economic performance relative to other industrialized nations
Monthly GDP (February 2022)1
Accommodation and food
services, 2%
Arts, entertainment and
recreation, 1%
Health care and social.
assistance, 7%
Educational services, 5%.
Public administration, 7%.
Administrative and
support, waste
management and
remediation services, 2%.
Professional, scientific and.
technical services, 7%
Real Estate, 13%.
Other services (except
public administration), 2%
Agriculture, forestry,
fishing and hunting, 2%
Mining, quarrying, and oil
and gas extraction, 8%
Manufacturing, 9%
Construction, 8%
Utilities, 2%
Transportation and
warehousing, 4%
Information and cultural
industries, 4%
Wholesale trade, 5%
Retail trade, 5%
Finance and Insurance, 8%
Starch and Vegetable Fat and
Oil Manufacturing, 1%
Exports: Top 25 Industries (2021)1
Commercial and Service
Industry Machinery
Manufacturing, 1%.
Other Plastic Product
Manufacturing, 1%.
Navigational, Measuring,
Iron and Steel Mills and
Ferro-Alloy Manufacturing, Seafood Product Preparation
and Packaging, 1%
Paper Mills, 1%
Medical and Control Iron Ore Mining, 1%.
Instruments Manufacturing,
1%
Coal Mining, 1%
Wheat Farming, 1%.
Pulp Mills, 2%
Engine, Turbine and Power
Transmission Equipment
Manufacturing, 2%
Resin and Synthetic Rubber
Manufacturing, 2%
Animal Slaughtering and
Processing, 2%
Sawmills and Wood
Preservation, 2%
Other Non-Metallic Mineral.
Mining and Quarrying, 2%
Alumina and Aluminum
Production and Processing,
2%
Non-Ferrous Metal (except.
Aluminum) Smelting and
Refining, 2%
Pharmaceutical and Medicine
Manufacturing, 2%
Gold and Silver Ore Mining,-
3%
1%
Oilseed (except Soybean)
Farming, 1%
Others, 38%
Petroleum Refineries, 3%
Aerospace Product and Parts
Manufacturing, 3%
Oil and Gas Extraction, 19%
Automobile and Light-Duty
Motor Vehicle
Manufacturing, 5%
CIBCâ—‡
Source: Statistics Canada
1. Percentages may not add up to 100% due to rounding.
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