Earnings and Dividend Growth
Consumer and Business Activity
Business Confidence - CFIB Business Barometer
80
index, 50 stronger
70
60
60
50
40
40
30
Key Economic Indicators
180
index, Feb 2020 levels = 100
160
140
3-month moving
120
average
100
80
60
40
20
Headline index
6-month moving
average
20
11
12 13
14
15
16
17
18
19
20
21
Sources: Scotiabank Economics, CFIB.
Canada Auto Sales
mn, saar units
2.0
1.8
1.6
1.4
1.2
1.0
0.8
0.6
Feb-20
Mar-20-
Apr-20-
May-20-
Jun-20-
Jul-20-
Auto Sales
Mfg Shipments
Exports
Aug-20 -
Sep-20-
Oct-20-
Nov-20-
Dec-20-
Jan-21-
Feb-21-
Mar-21-
Housing Starts
Retail Sales
Sources: Scotiabank Economics, Bloomberg.
Canada Real Retail Sales
120
Feb 2020=100
110
100
90
80
0.4
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21
60
Sources: Scotiabank Economics, DesRosiers Automotive Consultants Inc.
70
Sources: Scotiabank Economics, Statistics Canada.
Apr-21-
May-21 -
Jun-21-
Jul-21-
Employment
Manufacturing PMI
Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21
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