Canada M2 Growth
1969 - 2024 | Monthly | % | CEIC Data
Key information about Canada M2 Growth
- Canada Money Supply M2 increased 5.7 % YoY in Aug 2024, compared with a growth of 6.1 % in the previous month
- Canada Money Supply M2 growth data is updated monthly, available from Jan 1969 to Aug 2024
- The data reached an all-time high of 23.6 % in May 1974 and a record low of -1.8 % in Apr 1998
CEIC calculates M2 Growth Rate from monthly M2. The Bank of Canada provides M2 in local currency.
Further information about Canada M2 Growth
- In the latest reports, Canada Foreign Exchange Reserves was measured at 99.1 USD bn in Sep 2024
- The Foreign Exchange Reserves equaled 2.0 Months of Import in Aug 2024
- Canada Domestic Credit reached 4,721.5 USD bn in Aug 2024, representing an increased of 2.3 % YoY
- The country's Non Performing Loans Ratio stood at 0.5 % in Jun 2024, compared with the ratio of 0.5 % in the previous quarter
- Household Debt of Canada reached 2,218.3 USD bn in Aug 2024, accounting for 100.5 % of the country's Nominal GDP
View Canada's M2 Growth from Jan 1969 to Aug 2024 in the chart:
What was Canada's M2 Growth in Aug 2024?
Canada Money Supply M2 increased 5.7 % YoY in Aug 2024, compared with a growth of 6.1 % in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 5.7 Aug 2024 | 6.1 Jul 2024 | -1.8 Apr 1998 | 23.6 May 1974 | % | monthly | Jan 1969 - Aug 2024 |
M2 Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 5.9 Sep 2024 | monthly | Dec 1994 - Sep 2024 |
| Algeria (%) | 6.0 Dec 2023 | monthly | Jan 2002 - Dec 2023 |
| Argentina (%) | 190.2 Aug 2024 | monthly | Jan 1991 - Aug 2024 |
| Armenia (%) | 15.1 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Australia (%) | 5.4 Sep 2024 | monthly | Mar 1966 - Sep 2024 |
| Austria (%) | 2.7 Aug 2024 | monthly | Sep 1998 - Aug 2024 |
| Azerbaijan (%) | 19.7 May 2023 | monthly | Dec 1996 - May 2023 |
| Bahrain (%) | 5.3 Sep 2024 | monthly | Dec 1975 - Sep 2024 |
| Bangladesh (%) | 7.9 Sep 2024 | monthly | Jun 1987 - Sep 2024 |
| Belarus (%) | 28.9 Sep 2024 | monthly | Dec 1990 - Sep 2024 |
| Belgium (%) | 6.0 Sep 2024 | monthly | Dec 1997 - Sep 2024 |
| Bolivia (%) | 15.3 Jun 2024 | monthly | Dec 1988 - Jun 2024 |
| Bosnia and Herzegovina (%) | 7.9 Sep 2024 | monthly | Aug 1998 - Sep 2024 |
| Botswana (%) | 12.0 Aug 2024 | monthly | Jan 2002 - Aug 2024 |
| Brazil (%) | 13.4 Sep 2024 | monthly | Jan 1971 - Sep 2024 |
| Bulgaria (%) | 8.8 Sep 2024 | monthly | Dec 1996 - Sep 2024 |
| Cambodia (%) | 14.3 Aug 2024 | monthly | Jan 1996 - Aug 2024 |
| Canada (%) | 5.7 Aug 2024 | monthly | Jan 1969 - Aug 2024 |
| Chile (%) | 5.4 Sep 2024 | monthly | Jan 1987 - Sep 2024 |
| China (%) | 6.8 Sep 2024 | monthly | Mar 1997 - Sep 2024 |
| Colombia (%) | 7.2 Sep 2024 | monthly | Dec 1980 - Sep 2024 |
| Croatia (%) | 3.3 Sep 2024 | monthly | Jun 1995 - Sep 2024 |
| Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 6.2 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Denmark (%) | 3.4 Aug 2017 | monthly | Jan 1996 - Aug 2017 |
| Ecuador (%) | 8.4 Aug 2024 | monthly | Dec 2007 - Aug 2024 |
| Egypt (%) | 29.6 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Estonia (%) | 6.2 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
| European Union (%) | 2.2 Sep 2024 | monthly | Jan 1981 - Sep 2024 |
| Finland (%) | -0.2 Sep 2024 | monthly | Jan 1981 - Sep 2024 |
| France (%) | 0.7 Aug 2024 | monthly | Dec 1978 - Aug 2024 |
| Georgia (%) | 20.3 Sep 2024 | monthly | Oct 1996 - Sep 2024 |
| Germany (%) | 2.9 Sep 2024 | monthly | Jan 1970 - Sep 2024 |
| Ghana (%) | 35.6 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| Greece (%) | 2.0 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Hong Kong SAR, China (%) | 8.5 Sep 2024 | monthly | Dec 1981 - Sep 2024 |
| Hungary (%) | 5.6 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Iceland (%) | 7.4 Aug 2024 | monthly | Sep 1987 - Aug 2024 |
| India (%) | 8.1 Aug 2024 | monthly | Mar 1995 - Aug 2024 |
| Indonesia (%) | 7.2 Sep 2024 | monthly | Feb 1969 - Sep 2024 |
| Iran (%) | 26.8 Jun 2024 | monthly | Dec 2000 - Jun 2024 |
| Ireland (%) | 5.1 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Israel (%) | 7.5 Jul 2024 | monthly | Apr 1982 - Jul 2024 |
| Italy (%) | 1.1 Aug 2024 | monthly | Dec 1975 - Aug 2024 |
| Ivory Coast (%) | 4.6 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
| Japan (%) | 1.3 Sep 2024 | monthly | Jan 1968 - Sep 2024 |
| Jordan (%) | 6.0 Sep 2024 | monthly | Jan 1991 - Sep 2024 |
| Kazakhstan (%) | 18.9 Sep 2024 | monthly | Dec 1994 - Sep 2024 |
| Kenya (%) | 3.7 Sep 2024 | monthly | Dec 1996 - Sep 2024 |
| South Korea (%) | 6.2 Aug 2024 | monthly | Jan 1971 - Aug 2024 |
| Kosovo (%) | 11.3 2023 | yearly | 2002 - 2023 |
| Kuwait (%) | 3.7 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
| Kyrgyzstan (%) | 30.0 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Laos (%) | 34.6 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Latvia (%) | 4.5 Sep 2024 | monthly | Jan 2015 - Sep 2024 |
| Lebanon (%) | -17.2 Feb 2024 | monthly | Dec 1980 - Feb 2024 |
| Lithuania (%) | 8.3 Sep 2024 | monthly | Dec 1994 - Sep 2024 |
| Luxembourg (%) | 3.4 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Macau SAR, China (%) | 6.7 Sep 2024 | monthly | Jun 1985 - Sep 2024 |
| North Macedonia (%) | 4.8 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
| Malawi (%) | 36.0 Jun 2023 | monthly | Jan 1976 - Jun 2023 |
| Malaysia (%) | 4.2 Sep 2024 | monthly | Dec 1970 - Sep 2024 |
| Malta (%) | 4.1 Aug 2024 | monthly | Jan 2009 - Aug 2024 |
| Mauritius (%) | 9.9 Jul 2024 | monthly | Jul 1977 - Jul 2024 |
| Mexico (%) | 12.7 Sep 2024 | monthly | Dec 1986 - Sep 2024 |
| Moldova (%) | 19.9 Sep 2024 | monthly | Jan 2001 - Sep 2024 |
| Mongolia (%) | 25.9 Sep 2024 | monthly | Dec 1997 - Sep 2024 |
| Montenegro (%) | 12.0 2023 | yearly | 2003 - 2023 |
| Morocco (%) | 8.7 Sep 2024 | monthly | Jan 1986 - Sep 2024 |
| Mozambique (%) | 13.8 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Myanmar (%) | 15.9 Mar 2024 | quarterly | Dec 2002 - Mar 2024 |
| Nepal (%) | 13.9 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Netherlands (%) | -0.0 Sep 2024 | monthly | Dec 1957 - Sep 2024 |
| New Zealand (%) | 3.0 Sep 2024 | monthly | Mar 1989 - Sep 2024 |
| Nigeria (%) | 63.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Norway (%) | 2.6 Sep 2024 | monthly | Dec 1993 - Sep 2024 |
| Oman (%) | 12.4 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Pakistan (%) | 15.0 Sep 2024 | monthly | Jan 1989 - Sep 2024 |
| Palestinian Territory (%) | 8.8 Sep 2024 | monthly | Jul 2003 - Sep 2024 |
| Panama (%) | 8.7 Jul 2024 | monthly | Dec 2003 - Jul 2024 |
| Paraguay (%) | 11.3 Sep 2024 | monthly | Dec 1989 - Sep 2024 |
| Peru (%) | 11.4 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Philippines (%) | 7.8 Jul 2024 | monthly | Dec 1989 - Jul 2024 |
| Poland (%) | 7.7 Aug 2024 | monthly | Dec 1997 - Aug 2024 |
| Portugal (%) | 6.8 Sep 2024 | monthly | Dec 1980 - Sep 2024 |
| Qatar (%) | 5.0 Sep 2024 | monthly | Jan 1983 - Sep 2024 |
| Romania (%) | 9.0 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Russia (%) | 18.8 Sep 2024 | monthly | Dec 1992 - Sep 2024 |
| Saudi Arabia (%) | 11.3 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Serbia (%) | 15.5 Sep 2024 | monthly | Aug 2002 - Sep 2024 |
| Singapore (%) | 4.6 Sep 2024 | monthly | Mar 2005 - Sep 2024 |
| Slovakia (%) | 5.6 Sep 2024 | monthly | Dec 2001 - Sep 2024 |
| Slovenia (%) | 2.5 Sep 2024 | monthly | Jan 2008 - Sep 2024 |
| South Africa (%) | 6.8 Aug 2024 | monthly | Mar 1966 - Aug 2024 |
| Spain (%) | 4.2 Sep 2024 | monthly | Jan 1963 - Sep 2024 |
| Sri Lanka (%) | 10.6 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
| Sudan (%) | 43.9 Feb 2023 | monthly | Dec 2004 - Feb 2023 |
| Sweden (%) | 1.6 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Switzerland (%) | -10.4 Jun 2023 | monthly | Dec 1985 - Jun 2023 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doCanada Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.9 Jun 2024 | quarterly | Jun 1993 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -1,864.518 Aug 2024 | monthly | May 1992 - Aug 2024 |
| Tax Revenue (USD mn) | 20,829.733 Aug 2024 | monthly | Jan 1996 - Aug 2024 |
| Tax Revenue: % of GDP (%) | 13.2 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| National Government Debt (USD mn) | 1,501,047.3 2024 | yearly | 1962 - 2024 |
| Government Debt: % of GDP (%) | 69.6 2024 | yearly | 1962 - 2024 |
| Forecast: Government Expenditure (CAD bn) | 1,546.047 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,523.743 2029 | yearly | 1980 - 2029 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 28,443.000 Aug 2024 | monthly | Jan 1996 - Aug 2024 |
| Budgetary Expense (CAD mn) | -37,985.000 Aug 2024 | monthly | May 1992 - Aug 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 5,540.000 Aug 2024 | monthly | Jan 1996 - Aug 2024 |
| Budgetary Revenue (CAD mn) | 35,439.000 Aug 2024 | monthly | May 1992 - Aug 2024 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -2,546.000 Aug 2024 | monthly | May 1992 - Aug 2024 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 573,800.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Expense (CAD mn) | 597,300.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Balance (CAD mn) | -18,400.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 82,000.000 2029 | yearly | 2000 - 2029 |
| Net Financing Activities (CAD mn) | -13,995.000 Aug 2024 | monthly | Jan 1996 - Aug 2024 |
| FIN Forecast: Federal Debt (CAD mn) | 1,362,200.000 2029 | yearly | 1997 - 2029 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.003 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | -933.3 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Total Exports (USD mn) | 47,158.1 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Total Exports Growth (%) | -2.8 Sep 2024 | monthly | Jan 1989 - Sep 2024 |
| Aluminum: Exports (USD th) | 10,038,642.351 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 9,821,982.309 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,079,544.056 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 48,091.4 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Total Imports Growth (%) | 0.2 Sep 2024 | monthly | Jan 1989 - Sep 2024 |
| Imports: Medicament (USD th) | 11,462,582.313 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,439,260.899 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 35,918.500 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Total Imports from USA (USD mn) | 29,799.793 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Total Exports to China (USD mn) | 1,917.983 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Total Imports from China (USD mn) | 3,787.539 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Coal Exports (kton) | 2,430.000 Aug 2024 | monthly | Jan 1977 - Aug 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,392.490 Sep 2024 | monthly | Jan 2022 - Sep 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 20,441.440 Sep 2024 | monthly | Jan 2022 - Sep 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 878,199.085 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import Value Index (2015=100) | 117.179 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 123.790 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Household Debt: % of GDP (%) | 100.5 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Money Supply M1 (USD mn) | 1,158,254.651 Aug 2024 | monthly | Mar 1975 - Aug 2024 |
| Money Supply M2 (USD mn) | 1,911,302.157 Aug 2024 | monthly | Jan 1968 - Aug 2024 |
| M2 Growth (%) | 5.7 Aug 2024 | monthly | Jan 1969 - Aug 2024 |
| Foreign Exchange Reserves (USD mn) | 94,663.0 Oct 2024 | monthly | Jun 1999 - Oct 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.354 Jun 2024 | quarterly | Jun 1999 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.1 Sep 2024 | monthly | Jun 1999 - Sep 2024 |
| Gold Reserves (USD mn) | 0.000 Oct 2024 | monthly | Dec 1956 - Oct 2024 |
| Total Deposits (USD mn) | 4,484,440.544 Aug 2024 | monthly | Jan 2009 - Aug 2024 |
| Total Deposits Growth (%) | 4.3 Aug 2024 | monthly | Jan 2010 - Aug 2024 |
| Domestic Credit (USD mn) | 4,721,491.9 Aug 2024 | monthly | Jan 1969 - Aug 2024 |
| Domestic Credit Growth (%) | 2.3 Aug 2024 | monthly | Jan 1970 - Aug 2024 |
| Debt Service Ratio: Households (%) | 14.400 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 24.500 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Credit to Households (USD bn) | 2,230.826 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 4,810.343 Dec 2023 | quarterly | Mar 1954 - Dec 2023 |
| Household Debt (USD mn) | 2,218,341.4 Aug 2024 | monthly | Jan 1969 - Aug 2024 |
| Total Loans (USD mn) | 3,201,064.997 Aug 2024 | monthly | Jan 1969 - Aug 2024 |
| Total Loans Growth (%) | 2.25 Aug 2024 | monthly | Jan 1970 - Aug 2024 |
| Private Debt: % of Nominal GDP (%) | 214.50 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,717,603.000 Aug 2024 | monthly | Jan 1970 - Aug 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,562,833.000 Aug 2024 | monthly | Mar 1975 - Aug 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,578,920.000 Aug 2024 | monthly | Jan 1968 - Aug 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,560,737.000 Aug 2024 | monthly | Mar 1975 - Aug 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,581,279.000 Aug 2024 | monthly | Jan 1968 - Aug 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,717,311.000 Aug 2024 | monthly | Jan 1970 - Aug 2024 |
| Official International Reserves: Gold (USD mn) | 0.000 Oct 2024 | monthly | Dec 1994 - Oct 2024 |
| Official International Reserves (USD mn) | 123,084.000 Oct 2024 | monthly | Dec 1994 - Oct 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -2.8 Oct 2024 | monthly | Dec 2001 - Oct 2024 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 52.000 Oct 2024 | monthly | Dec 2000 - Oct 2024 |
More Indicators for Canada
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.