The Daily Friday, July 10, 2020
Labour Force Survey, June 2020
Building on an initial recovery of 290,000 in May, employment rose by nearly one million in June (+953,000; +5.8%), with gains split between full-time work (+488,000 or +3.5%) and part-time work (+465,000 or +17.9%). With these two consecutive increases, employment in June was 1.8 million (-9.2%) lower than in February.
New Lending Services Price Index, fourth quarter 2019 and first quarter 2020
The New Lending Services Price Index (2011=100) is now available for the fourth quarter of 2019 and the first quarter of 2020.
Reconciliation of estimates of credit aggregates between the Bank of Canada and the National Balance Sheet Accounts, First quarter 2012 to fourth quarter 2019
The Bank of Canada and Statistics Canada both produce aggregate measures of borrowing, or credit, for various sectors of the Canadian economy. The Statistics Canada measures are part of the National Balance Sheet Accounts (NBSA), which cover the entire economy and directly align with the internationally recognized national accounting principles detailed in the United Nations System of National Accounts. The NBSA are available by sector, as currently defined in the Canadian System of Macroeconomic Accounts. The NBSA are created using a balance sheet approach, which involves presenting the assets and liabilities for all instruments and sectors of the economy. In other words, for each instrument, all holders of financial assets must have corresponding counterparties who hold the financial liabilities. As a result, their sum is equal in the aggregate. The Bank of Canada’s data are presented based on the issuer of credit, i.e., the holder of the financial assets, and do not display liabilities.