- Footnote 1
Canadian housing starts
Source: Statistics Canada. Table 34-10-0126-01 (formerly CANSIM table 027-0009): Canada Mortgage and Housing Corporation, housing starts, under construction and completions, all areas. (accessed May 26, 2020).
Note: A rate adjustment is used for economic or business data that attempts to remove seasonal variations in the data. The time of year will affect most data. Adjusting for the seasonality in data enables more accurate month-to-month comparisons. The seasonally adjusted annual rate (SAAR) is calculated by dividing the unadjusted annual rate for the month by its seasonality factor and creating an adjusted annual rate for the month. These adjustments are most often used when economic data are released to the public.
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- Footnote 2
Contribution to real GDP
Statistics Canada. Table 36-10-0434-01 (formerly CANSIM 379-0031): Gross domestic product (GDP) at basic prices, by industry, monthly (x 1,000,000). (accessed March 16, 2020).
- Real GDP in 2012 constant prices.
- Real and nominal GDP vary such that real values are adjusted for inflation and nominal values are not. Therefore, real GDP is used to account for differences between time periods (e.g. comparing 2018 and 2019 GDP).
- Data from Statistics Canada’s Natural Resources Satellite Account (NRSA) are a key source of information on the economic contribution of the forest sector in Canada. The NRSA, the result of collaboration between Natural Resources Canada and Statistics Canada, is able to capture economic activity in forest industry segments that have traditionally been difficult to measure, such as wood furniture manufacturing. According to data from the NRSA, the forest sector directly accounted for $26.4 billion (or 1.2%) of Canada’s nominal GDP in 2019.
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- Footnote 3
Revenue from goods manufactured
Note: Revenue from goods manufactured includes revenue from the sale of goods manufactured using materials owned by the establishment, as well as from repair work, manufacturing service charges and work contracted to others.
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