Graph and download economic data for OECD based Recession Indicators for Canada from the Peak through the Trough (DISCONTINUED) (CANRECM) from Feb 1960 to Sep 2022 about peak, trough, recession indicators, and Canada.

This statistic shows the influence of the most recent economic recession (2008-2009) on consumer shopping behavior in Canada as of August 2013. During the survey, 44 percent of the respondents said that they shop around more to make sure they are paying the best price.

The Gross Domestic Product (GDP) in Canada expanded 0.60 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Canada GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the gross domestic product (GDP) per capita in Canada from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product per capita in Canada was around 54,473.19 U.S. dollars. Canada's economy GDP per capita is a measurement often used to determine economic growth and potential increases in productivity and is calculated by taking the GDP and dividing it by the total population in the country. In 2014, Canada had one of the largest GDP per capita values in the world, a value that has grown continuously since 2010 after experiencing a slight downturn due to the financial crisis of 2008. Canada is seen as one of the premier countries in the world, particularly due to its strong economy and healthy international relations, most notably with the United States. Canada and the United States have political, social and economical similarities that further strengthen their relationship. The United States was and continues to be Canada’s primary and most important trade partner and vice versa. Canada’s economy is partly supported by its exports, most notably crude oil, which was the country’s largest export category. Canada was also one of the world’s leading oil exporters in 2013, exporting more than the United States. Additionally, Canada was also a major exporter of goods such as motor vehicles and mechanical appliances, which subsequently ranked the country as one of the world’s top export countries in 2013.

The gross domestic product (GDP) of all G7 countries decreased sharply in 2009 and 2020 due to the financial crisis and COVID-19 pandemic, respectively. The growth decline was heavier after the COVID-19 pandemic than the financial crisis. Moreover, Italy had a negative GDP growth rate in 2012 and 2013 following the euro crisis. In 2023, Germany experienced an economic recession.

This Gallup poll seeks the opinions of Canadians, on predominantly political and social issues. The questions ask opinions on the upcoming election, prospects for the successor of Brian Mulroney as Progressive Conservative Party leader, and questions related to political party preference. There are also questions on other topics of interest such as opinion on the amount of doctors in Canada, the economic recession, and new immigrants. The respondents were also asked questions so that they could be grouped according to geographic, political and social variables. Topics of interest include: election; economy; immigration; doctors in Canada; and political party preference. Basic demographic variables are also included.

Graph and download economic data for Real-time Sahm Rule Recession Indicator (SAHMREALTIME) from Dec 1959 to Sep 2025 about recession indicators, academic data, and USA.

This Gallup poll seeks the opinions of Canadians, on predominantly political and social issues. The questions ask opinions on the government's help for the economic recession, political leaders, impression of past Prime Ministers, satisfaction with the direction of Canada, and Ontario politics. There are also questions on other topics of interest such as Brian Mulroney, Quebec separation, Persian Gulf War, and questions related to political party preference. The respondents were also asked questions so that they could be grouped according to geographic, political and social variables. Topics of interest include: economic recession; government; Brian Mulroney; Persian Gulf War; Ontario politics; Quebec separation; impression of past Prime Ministers; and political party preference. Basic demographic variables are also included.

Phoenix SPI was commissioned by Human Resources and Skills Development Canada to explore with Canadians issues relevant to the department’s mandate. The objectives of the 2010-2011 survey included the following: • Explore issues related to the recent recession and the economic recovery now under-way; • Gauge Canadians’ awareness, understanding and perceptions of issues related to the aging of our population, including the perceived impact of our aging population on Canadian society/economy; • Explore issues related to caregiving, including the challenges facing caregivers, the types of support needed, the amount of time devoted to caregiving, and perceptions of how well caregivers are coping with their responsibilities; • Explore issues related to indebtedness, including the nature and impact of household debt on Canadians; and • Assess government performance in areas relevant to the department’s mandate, tracking measures included in previous surveys. A mixed methodology was used that included a telephone survey and a set of focus groups. The survey averaged 17 minutes and was conducted with 1,505 Canadian residents, 18 years of age and older. Based on a sample of this size, the results can be considered to be accurate to within +/- 2.53%, 19 times out of 20. The fieldwork for the survey was conducted January 29 to February 18, 2011. A set of eight focus groups was conducted in four locations (two per city), using both in-person (Toronto, Montreal) and online focus groups (Halifax and Calgary). The groups were segmented by age: one group per location consisted of participants 18-35 years old, and the other group of participants aged 36-65. The qualitative research results provide an indication of participants’ views about the issues explored, but cannot be generalized to the full population of Canadian residents, 18 years and older.

This Gallup poll seeks the opinions of Canadians, on predominantly political and social issues. The questions ask opinions on the economic recession, Valentine's Day shopping, impression of world leaders, respect/confidence in various institutions, the war in Iraq, and issues in Ontario. There are also questions on other topics of interest such as Brian Mulroney, Quebec separation, impression of Lucien Bouchard, job security, and questions related to political party preference. The respondents were also asked questions so that they could be grouped according to geographic, political and social variables. Topics of interest include: economic recession; government; Brian Mulroney; Iraq war; Ontario issues; Quebec separation; work; impression of world leaders; standard of living; respect/confidence in institutions; and political party preference. Basic demographic variables are also included.

As of April 16, 2025, the Canadian bond market displayed a positive spread of **** basis points between 10-year and 2-year yields, indicating long-term rates above short-term ones. The 2-year versus 1-year sprea also showed a positive spread of **** basis points. Negative spreads indicate a (partially) inverted yield curve. This often signals investor pessimism about short-term economic prospects, as investors seek the relative safety of long-term bonds, pushing those yields down relative to shorter-term bonds. An inverted yield curve is typically interpreted as a potential indicator of economic slowdown or recession, as it reflects expectations of lower interest rates in the future to stimulate the economy.

This Gallup poll seeks the opinions of Canadians, on predominantly political and social issues. The questions ask opinions on affordability of Christmas given the economic recession, the environment, products that harm the environment, concern over various political, and social issues, abortion, the war in Iraq, and issues in Ontario. There are also questions on other topics of interest such as Brian Mulroney, Jean Chretien, Audrey McLaughlin, Meech Lake Accord, Canada's national anthem, the Citizen Forum, and questions related to political party preference. The respondents were also asked questions so that they could be grouped according to geographic, political and social variables. Topics of interest include: economic recession; environment; government; Brian Mulroney; Iraq war; Ontario issues; Citizen Forum; Canadian unity; abortion; and political party preference. Basic demographic variables are also included.

During the Great Recession of 2008-2009, the advanced economies of the G7 experienced a period of acute financial crises, downturns in the non-financial economy, and political instability. The governments of these countries in many cases stepped in to backstop their financial sectors and to try to stimulate their economies. The scale of these interventions was large by historical standards, with observers making comparisons to the measures of the New Deal which the U.S. undertook in the 1930s to end the Great Depression.

The bailouts of financial institutions and stimulus packages caused the government debt ratios of the United States, United Kingdom, and Japan in particular to rise sharply. The UK's government debt ratio almost doubled due to the bailouts of Northern Rock and Royal Bank of Scotland. On the other hand, the increases in government debt in the Eurozone were more measured, due to the comparative absence of stimulus spending in these countries. They would later be hit hard during the Eurozone crisis of the 2010s, when bank lending to the periphery of the Eurozone (Portugal, Spain, Ireland and Greece in particular) would trigger a sovereign debt crisis. The Canadian government, led by a Conservative premier, engaged in some fiscal stimulus to support its economy, but these packages were small in comparison to that in most other of the G7 countries.

Phoenix SPI was commissioned by Human Resources and Skills Development Canada to explore with Canadians issues relevant to the department’s mandate. The objectives of the 2010-2011 survey included the following: • Explore issues related to the recent recession and the economic recovery now under-way; • Gauge Canadians’ awareness, understanding and perceptions of issues related to the aging of our population, including the perceived impact of our aging population on Canadian society/economy; • Explore issues related to caregiving, including the challenges facing caregivers, the types of support needed, the amount of time devoted to caregiving, and perceptions of how well caregivers are coping with their responsibilities; • Explore issues related to indebtedness, including the nature and impact of household debt on Canadians; and • Assess government performance in areas relevant to the department’s mandate, tracking measures included in previous surveys. A mixed methodology was used that included a telephone survey and a set of focus groups. The survey averaged 17 minutes and was conducted with 1,505 Canadian residents, 18 years of age and older. Based on a sample of this size, the results can be considered to be accurate to within +/- 2.53%, 19 times out of 20. The fieldwork for the survey was conducted January 29 to February 18, 2011. A set of eight focus groups was conducted in four locations (two per city), using both in-person (Toronto, Montreal) and online focus groups (Halifax and Calgary). The groups were segmented by age: one group per location consisted of participants 18-35 years old, and the other group of participants aged 36-65. The qualitative research results provide an indication of participants’ views about the issues explored, but cannot be generalized to the full population of Canadian residents, 18 years and older.

The COVID-19 pandemic and associated economic recession has had a profound impact on Canada and the world. In Yukon, the tourism industry nearly vanished overnight as flights and RV traffic were reduced to a trickle. Fortunately, gold mining was given an essential service “green light” to continue, amid strict protocols to control the spread of the virus. The industry responded with an incredible year of production, spurred on by high gold prices and low fuel costs. This scenario, where gold mining provided a safe haven and economic opportunity during global hard times, has played out before in Canadian history. The great depression of the late 1800s contributed significantly to interest in the Klondike Gold Rush, the dirty 1930s saw a resurgence in placer gold mining in Yukon, and similarly, the recession of the early 1980s kick started the modern era of placer gold mining in the territory. The story of the 2020 pandemic is no different, highlighting the value of economic diversification and ability of a remote northern industry to contribute new wealth to a nation when it is needed most.

With the global impact of the 2020 Novel Coronavirus (COVID-19), there has been a surge in public debt and uncertainty in the global economy. As the likelihood of a recession and a higher debt for Canada increases, the utility of a forecasting model is a realistic choice to both predict and determine optimal fiscal decisions for the government. This paper seeks to ratify existing historical trends in three developed economies (Canada, Japan, and the U.K.) as well as offer a time series forecast for the proceeding five years’ debt to GDP ratio. As per the International Monetary Fund (IMF), a limit of 60% in debt to GDP ratio was employed to measure how far off these three countries were from a considerably recoverable amount of debt. The time series forecast that the U.K. will drop to 65.436% by 2025, however, Japan and Canada will continue to accumulate debt to 254.3851% and 80.107% respectively.

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Modular Data Centers Market Size 2024-2028

The global modular data centers market size is forecast to increase by USD 42.56 billion, at a CAGR of 19.8% between 2023 and 2028. The need to streamline traditional data centers is a major factor fueling market growth. Today, companies running single conventional data centers grapple with complex management and soaring capital costs due to sophisticated power and cooling systems. With the current economic recession, businesses are increasingly seeking cost-effective and scalable solutions. Modular data centers, with their standardized, portable designs, provide an ideal alternative that can be quickly deployed. Mobile network operators and colocation providers are among the leading users of these solutions. These modular setups are more environmentally friendly, thanks to their energy-efficient HVAC systems and IT equipment. As big data, AI, cloud computing, 5G, and IoT applications require higher operating temperatures, the flexibility and scalability of modular designs become even more crucial.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

By End-user

IT and Telecom is the Leading Segment to Dominate the Market

The IT and telecom segment is estimated to witness significant growth during the forecast period. In the global market, Modular Data Centers hold a significant share, particularly in the IT and telecom sector. These centers are essential for providing the required computing power and storage for various applications and services in the industry. With the rise of cloud computing, the demand for data centers has escalated, as businesses seek to access resources without substantial capital expenditure. The IT and telecom segment was the largest and was valued at USD 4.02 billion in 2018. The influx of data from businesses and individuals necessitates data centers capable of handling vast amounts of information. Recession or not, Modular Data Centers offer scalability and rapid deployment, making them attractive to mobile network providers and data center colocation providers. Green data centers, with their standard design and cooling systems, are increasingly popular due to their energy efficiency. Big data, AI, cloud computing, 5G infrastructure, Internet of things, and cloud-based solutions are driving the market's growth.

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North America Holds a Prominent Position in the Market

North America is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Edge computing trend is driving the growth of the market in the US and Canada, particularly in the BFSI industry. Large enterprises are shifting towards energy-efficient data centers to minimize costs and CAPEX, opting for cloud solutions from hyperscale providers like AWS, Microsoft, and Oracle. As of 2021, the US hosts over 2,670 data centers, making it the global leader. Quicksilver Capital and the World Economic Forum highlight the importance of digital transformation in this context. These offer Scalable data centers for large enterprises, enabling them to meet their computing capacity requirements efficiently.

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Market Dynamics and Customer Landscape

They have emerged as a popular solution for businesses seeking scalability and rapid deployment during times of economic uncertainty, such as a recession. These data centers utilize a modular design, allowing for easy expansion and contraction based on demand. Green data centers, which prioritize energy efficiency, are a key focus in the modular data center market. Mobile network providers and large enterprises are major consumers, as they require cloud-based networking and 5G infrastructure to support digital transformation initiatives. The solutions sub-segment and services segment of the modular data center market are expected to grow significantly, as businesses increasingly turn to cloud-based solutions for their data storage and processing needs. The World Economic Forum has the importance of energy-efficient data centers in reducing carbon emissions and mitigating the environmental impact of digitalization. Quicksilver Capital and other investors have shown interest in the modular data center market, recognizing its potential for innovation and growth. Overall, the modular data center market is poised for expansion, driven by the need for scalable, energy-efficient, and quickly deployable solutions.

Key Market Driver

Requirement to reduce complexity of traditional data centers is notably driving market growth. In today's business landscape, enterprises operating a single traditional data center face increasing complexi

The statistic shows the trade balance of goods (exports minus imports of goods) in Canada from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the trade deficit of goods in Canada amounted to about **** billion U.S. dollars. Trade with Canada Canada reported a trade surplus until 2009 when the country’s trade balance went negative for the first time in recent history. Its deficit was ignited at the height of the global recession, and the value of exports decreased significantly at that time. It is only now showing signs of a recovery. Meanwhile, while imports decreased during the recession as well, they bounced back faster than exports. Currently, Canada maintains neither a trade deficit nor a trade surplus as both imports and exports amount to around *** billion U.S. dollars worth of goods. Canada is hoping this will continue, and it is looking to lower tariffs on exports in order to further boost the economy and increase exports. Canada has a long and strong trading relationship with the United States - Canada’s southern neighbor is without a doubt its most important export and import partner. Overall, Canada maintains an export advantage over the United States; maintaining greater export flows than import flows. The U.S. dollar is also worth more than the Canadian dollar, favoring further exports from Canada. China and Mexico also import Canadian goods, but significantly less than the United States.

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Community Banking Market Size 2025-2029

The community banking market size is forecast to increase by USD 253 billion at a CAGR of 5.8% between 2024 and 2029.

The market is experiencing significant shifts driven by the increasing adoption of microlending in developing nations and the rising preference for digital platforms. The microlending, a segment of community banking, is gaining traction in developing economies due to its ability to provide small loans to individuals and small businesses who lack access to traditional banking services. This trend is expected to continue, fueled by the growing financial inclusion efforts and increasing economic activity in these regions. Simultaneously, the community banking sector is witnessing a surge in the adoption of digital platforms.
The digital community banking services, such as mobile banking and online lending, are becoming increasingly popular due to their convenience and accessibility. This trend is particularly noticeable among younger demographics, who are more likely to use digital channels for banking. However, the market also faces challenges. One of the most significant obstacles is the lack of awareness about community banking services. Many potential customers, particularly in rural and underserved areas, are unaware of the benefits and availability of community banking services. Addressing this challenge will require targeted marketing efforts and community outreach programs.

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The market continues to evolve, with advanced technology playing a pivotal role in shaping the landscape. Financial institutions, both large and small, are integrating microfinance, mobile banking, and remote deposit capture to cater to diverse customer needs. In the micropolitan areas, community banks have gained prominence, offering personalized services to rural and agricultural sectors. The economic recession led to a surge in digital adoption, with mobile banking becoming increasingly popular. However, the competition remains fierce, with big banks also investing heavily in technology to retain their customer base. The ongoing market dynamics underscore the need for continuous innovation and adaptation to stay competitive.
Community banks, with their focus on local markets and relationships, are well-positioned to leverage these trends and offer competitive rates and fees to attract and retain customers. The integration of advanced technology enables seamless transactions and enhanced customer experience, further bolstering their position in the market. The future of community banking lies in its ability to balance tradition and innovation, offering personalized services while embracing digital transformation.

How is this Community Banking Industry segmented?

The community banking industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Area

  Metropolitan
  Rural and micropolitan


Sector

  Small business
  CRE
  Agriculture


Service Type

  Retail banking
  Commercial banking
  Wealth management and financial advisory
  Others


Delivery Model

  Branch Banking
  Online Banking
  Mobile Banking


Institution Type

  Credit Unions
  Local Banks


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Area Insights

The metropolitan segment is estimated to witness significant growth during the forecast period.

In the dynamic world of financial services, community banks in the US continue to gain traction among consumers, particularly in rural and micropolitan areas where Big Banks may have a limited presence. While Big Banks dominate the market with their vast resources and broad reach, Community FIs cater to the unique needs of their local clientele. With the rise of advanced technology, Community banks have embraced digital banking solutions, including Internet banking, mobile banking, and remote deposit capture. Small businesses and agricultural sectors, integral to rural economies, benefit significantly from Community banks' personalized services and expertise. Despite the economic recession, these institutions have managed to maintain deposits through their strong relationships with customers.

Microlending, a niche offering, further distinguishes Community banks from their larger counterparts. Rates and fees remain crucial factors for customers, especially in a competitive market. Community banks often offer more competitive rates and lower fees compared to Big Banks, making t

This Gallup poll seeks the opinions of Canadians, on both political and social issues. The questions ask opinions about political leaders and political issues within the country. There are also questions on other topics of interest and importance to the country and government, such as energy shortages, inflation and swimming ability. The respondents were also asked questions so that they could be grouped according to geographical variables. Topics of interest include: the approval of Broadbent as NDP leader; the approval of Clark as leader of the Conservative party; the approval of Trudeau as Prime Minister; chances of an energy shortage; chances of finding a new job if fired; the energy crisis in Canada; the government's handling of the economy; learning how to swim; the most important problem facing Canada; preferred political leader; the amount recession in the future; reducing unemployment; rising prices and income; success of controlling inflation; swimming ability; taking a job of less pay or lower status; trying to curb inflation; and using a small boat. Basic demographic variables are also included.