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Canada sits at the intersection of North American demand, commodity pricing, and domestic housing leverage, which gives its market a very different mix from the United States despite deep financial integration. The market is usually read through the oil-and-metals cycle, the resilience of the big banks, and how quickly domestic rates feed through to housing, consumers, and credit quality.
Regional map
Start here
You do not need a finance background. Start with the essentials, then go deeper only where useful.
Use the key figures to see the country’s size, currency and current economic backdrop.
Pick one variable at a time and see how it has changed over time.
The final cards explain the few forces that can move companies and the local market.
Key facts
Capital
Currency
Primary exchange
Central bank
Region
Time zone
Source: Statistics Canada,
Country dashboard
A resource-heavy developed market where banks, energy, mining, and housing sensitivity shape the equity narrative.
Macro explorer
Click an indicator to open a focused read instead of scanning every card at once.
Nominal GDP in current local currency from the World Bank. This is the size of the economy in reported currency terms, not a growth rate.
Available variables
Source: Statistics Canada,
Trade and external position
The latest available data show exports of $726.9B and imports of $733.2B, leaving an external balance of −$6.3B. Services account for 21.9% of total exports.
This is the broadest export figure for Canada in the WTO annual data, combining merchandise and commercial services. Goods account for 78.1% of the total and services for 21.9%, which quickly shows whether the export machine is still mainly physical trade or already more service-heavy.
This is the merchandise side of the export base. In 2024, the biggest WTO goods bucket was manufactures at 41.7% of merchandise exports, which is the cleanest shortcut for what really drives the physical export mix.
This is the services side of exports, covering travel, transport, finance, IP, digital, and business services. The largest WTO services export sector in 2024 was travel at $49.9B, which helps explain where intangible export strength is concentrated.
Commodity lens
Goods made up 78.1% of total exports in 2024, leaving services at 21.9%.
Goods made up 78.2% of total imports in 2024, leaving services at 21.8%.
This was the biggest WTO merchandise export group for Canada in 2024.
This was the biggest WTO merchandise import group for Canada in 2024.
Goods exports minus goods imports in 2024. A deficit here shows whether merchandise trade supports or drags on the overall external balance.
Source: WTO bulk download page,
What to watch
Canada should first be read through commodity prices. When this regime shifts, local how highly shares are valued and sector leadership usually shift with it.
The market is usually read through the oil-and-metals cycle, the resilience of the big banks, and how quickly domestic rates feed through to housing, consumers, and credit quality. That makes bank balance-sheet quality one of the most important signals for revising the country narrative.
The final layer is housing sensitivity, because it determines whether the macro backdrop turns into sustainable profits support for the S&P/TSX Composite.
Other countries
Each card opens the same country template with its own map, switchable macro variables, and benchmark view. This is the first linked network of country pages across the region.
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GDP
What This Signals
Nominal GDP is shown here in reported currency terms, so each point is the size of the economy itself rather than the growth rate of that economy. It is useful for judging the economy's absolute scale, which matters when comparing fiscal capacity, debt servicing room, and how meaningful a given policy package really is. Versus a year ago, the series is higher by 4.7%, which points to an improving or firmer backdrop on this measure. Across the displayed window, the broader trend is still upward.