Prices for industrial products and prices for raw materials increase in April 2024
Prices of products manufactured in Canada, as measured by the Industrial Product Price Index, rose 1.5% month over month in April 2024 and increased 1.4% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index, increased 5.5% on a monthly basis in April 2024 and were 3.1% higher compared with April 2023.
Source: Industrial product and raw materials price indexes, April 2024
Realized net income for Canadian farmers and total farm cash receipts rise in 2023
Realized net income for Canadian farmers rose 18.3% to $14.5 billion in 2023, as growth in receipts offset the rise in expenses. The increase in 2023 followed a 4.1% decline in 2022 and a 69.6% increase in 2021. Excluding cannabis, realized net income in 2023 was up 16.2% to $14.2 billion. In 2023, total farm cash receipts rose 4.4% compared with 2022.
Source: Farm income, 2023
Adults aged 25 to 64 years with disabilities have lower rates of employment than those without disabilities
According to the 2022 Canadian Survey on Disability, adults aged 25 to 64 years with disabilities (62%) had lower rates of employment than those without disabilities (78%). Additionally, among persons with disabilities, employment rates decreased as the severity of disability increased. In addition, among employed persons aged 25 to 64 years, those with disabilities (16%) were more likely to work part time—that is, fewer than 30 hours per week—than their counterparts without disabilities (13%).
Source: Accessibility in Canada: Results from the 2022 Canadian Survey on Disability
Real gross domestic product increases in the first quarter of 2024
Real gross domestic product (GDP) increased 0.4% in the first quarter of 2024, after posting no change in the fourth quarter of 2023 (revised down from 0.2%). In the first quarter of 2024, higher household spending on services was the top contributor to the increase in GDP, while slower inventory accumulations moderated overall growth. Household spending increased by 0.7% in the first quarter, primarily due to a 1.1% rise in spending on services, primarily telecommunications services, rent and air transport.
Source: Gross domestic product, income and expenditure, first quarter 2024
Canada’s total fertility rate decreases to a record low in 2022
Canada’s total fertility rate decreased from 1.44 children per woman in 2021 to a record low of 1.33 children per woman in 2022. The decrease in the total fertility rate from 2021 to 2022 (-7.4%) was the largest decrease since 1971 to 1972 (-7.6%), at the height of the “baby bust” that followed the baby boom (1946 to 1965). Indeed, the five lowest values of fertility rates over the period from 1921 to 2022 were recorded in the last five years. Although fertility rates have been generally declining since 2009, the trend intensified from 2021 to 2022.
Source: Fewer new moms, older new moms: A look at recent fertility trends in Canada
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