- Footnote 1
Canadian housing starts
Source: Statistics Canada. CANSIM table 027-0009: Canada Mortgage and Housing Corporation, housing starts, under construction and completions, all areas. (accessed April 20, 2018)
Note: A rate adjustment is used for economic or business data 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 nominal GDP
Source: Statistics Canada. CANSIM tables 379-0031, 329-0077 and 329-0074. (accessed April 11, 2018).
- Natural Resources Canada–Canadian Forest Service’s calculations for 2017 nominal GDP are based on Statistics Canada’s tables 379-0031, 329-0077 and 329-0074: GDP in 2007 constant prices, and estimated industry price deflators.
- Gross domestic product (GDP) is a measure of the economic production that takes place within the geographical boundaries of Canada. Nominal GDP is measured in current dollars. Current dollars are used to describe the value of production in any given year.
- Data from Statistics Canada’s new Natural Resources Satellite Account (NRSA) are a key source of information on the economic contribution of the forest sector in Canada and will be included in future releases of The State of Canada’s Forests. 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 $27.6 billion (or 1.4%) of Canada’s nominal GDP in 2017.
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- Footnote 3
Contribution to real GDP
Statistics Canada CANSIM table 379-0031: Gross domestic product (GDP) at basic prices, by North American Industry Classification System (NAICS). (accessed April 11, 2018).
Note: Gross domestic product (GDP) is a measure of the economic production that takes place within the geographical boundaries of Canada. Real GDP is measured in 2007 constant prices and corrects for inflation, enabling accurate comparisons between years.
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- Footnote 4
Revenue from goods manufactured
- Statistics Canada. CANSIM table 301-0008: Principal statistics for manufacturing industries, by North American Industry Classification System (NAICS). (accessed April 22, 2018)
- Statistics Canada. CANSIM table 301-0009: Logging industries, principal statistics by North American Industry Classification System (NAICS). (accessed April 22, 2018)
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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