Canada M2 Growth
1969 - 2024 | Monthly | % | CEIC Data
Key information about Canada M2 Growth
- Canada Money Supply M2 increased 6.1 % YoY in Jul 2024, compared with a growth of 6.4 % in the previous month
- Canada Money Supply M2 growth data is updated monthly, available from Jan 1969 to Jul 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 97.2 USD bn in Aug 2024
- The Foreign Exchange Reserves equaled 2.0 Months of Import in Jul 2024
- Canada Domestic Credit reached 4,602.8 USD bn in Jul 2024, representing an increased of 2.5 % YoY
- The country's Non Performing Loans Ratio stood at 0.5 % in Mar 2024, compared with the ratio of 0.5 % in the previous quarter
- Household Debt of Canada reached 2,159.5 USD bn in Jul 2024, accounting for 100.5 % of the country's Nominal GDP
View Canada's M2 Growth from Jan 1969 to Jul 2024 in the chart:
What was Canada's M2 Growth in Jul 2024?
Canada Money Supply M2 increased 6.1 % YoY in Jul 2024, compared with a growth of 6.4 % in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 6.1 Jul 2024 | 6.4 Jun 2024 | -1.8 Apr 1998 | 23.6 May 1974 | % | monthly | Jan 1969 - Jul 2024 |
M2 Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 6.7 Aug 2024 | monthly | Dec 1994 - Aug 2024 |
| Algeria (%) | 14.5 Dec 2022 | monthly | Jan 2002 - Dec 2022 |
| Argentina (%) | 218.2 May 2024 | monthly | Jan 1991 - May 2024 |
| Armenia (%) | 17.2 May 2024 | monthly | Jan 2003 - May 2024 |
| Australia (%) | 5.6 Aug 2024 | monthly | Mar 1966 - Aug 2024 |
| Austria (%) | 2.7 Aug 2024 | monthly | Sep 1998 - Aug 2024 |
| Azerbaijan (%) | 19.7 May 2023 | monthly | Dec 1996 - May 2023 |
| Bahrain (%) | 2.4 Aug 2024 | monthly | Dec 1975 - Aug 2024 |
| Bangladesh (%) | 7.9 Aug 2024 | monthly | Jun 1987 - Aug 2024 |
| Belarus (%) | 29.5 Jun 2024 | monthly | Dec 1990 - Jun 2024 |
| Belgium (%) | 1.3 Aug 2024 | monthly | Dec 1997 - Aug 2024 |
| Bolivia (%) | 17.3 Apr 2024 | monthly | Dec 1988 - Apr 2024 |
| Bosnia and Herzegovina (%) | 7.6 Aug 2024 | monthly | Aug 1998 - Aug 2024 |
| Botswana (%) | 14.2 Jul 2024 | monthly | Jan 2002 - Jul 2024 |
| Brazil (%) | 14.0 Aug 2024 | monthly | Jan 1971 - Aug 2024 |
| Bulgaria (%) | 8.5 Aug 2024 | monthly | Dec 1996 - Aug 2024 |
| Cambodia (%) | 15.3 Jul 2024 | monthly | Jan 1996 - Jul 2024 |
| Canada (%) | 6.1 Jul 2024 | monthly | Jan 1969 - Jul 2024 |
| Chile (%) | 5.4 Sep 2024 | monthly | Jan 1987 - Sep 2024 |
| China (%) | 6.3 Jul 2024 | monthly | Mar 1997 - Jul 2024 |
| Colombia (%) | 8.8 Jul 2024 | monthly | Dec 1980 - Jul 2024 |
| Croatia (%) | 5.4 Aug 2024 | monthly | Jun 1995 - Aug 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 (%) | 8.3 Jul 2024 | monthly | Dec 2007 - Jul 2024 |
| Egypt (%) | 28.7 Aug 2024 | monthly | Jan 1997 - Aug 2024 |
| Estonia (%) | 6.4 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
| European Union (%) | 1.9 Aug 2024 | monthly | Jan 1981 - Aug 2024 |
| Finland (%) | -0.8 Aug 2024 | monthly | Jan 1981 - Aug 2024 |
| France (%) | 0.7 Aug 2024 | monthly | Dec 1978 - Aug 2024 |
| Georgia (%) | 21.6 Aug 2024 | monthly | Oct 1996 - Aug 2024 |
| Germany (%) | 2.4 Aug 2024 | monthly | Jan 1970 - Aug 2024 |
| Ghana (%) | 37.2 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Greece (%) | 2.0 Aug 2024 | monthly | Jan 2002 - Aug 2024 |
| Hong Kong SAR, China (%) | 7.8 Aug 2024 | monthly | Dec 1981 - Aug 2024 |
| Hungary (%) | 6.5 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
| Iceland (%) | 12.9 Jul 2024 | monthly | Sep 1987 - Jul 2024 |
| India (%) | 7.4 Jul 2024 | monthly | Mar 1995 - Jul 2024 |
| Indonesia (%) | 7.3 Aug 2024 | monthly | Feb 1969 - Aug 2024 |
| Iran (%) | 26.8 Jun 2024 | monthly | Dec 2000 - Jun 2024 |
| Ireland (%) | 6.5 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Israel (%) | 7.5 Jul 2024 | monthly | Apr 1982 - Jul 2024 |
| Italy (%) | 1.1 Aug 2024 | monthly | Dec 1975 - Aug 2024 |
| Ivory Coast (%) | 3.3 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Japan (%) | 1.3 Aug 2024 | monthly | Jan 1968 - Aug 2024 |
| Jordan (%) | 6.4 Aug 2024 | monthly | Jan 1991 - Aug 2024 |
| Kazakhstan (%) | 18.9 Sep 2024 | monthly | Dec 1994 - Sep 2024 |
| Kenya (%) | 3.9 Jun 2024 | monthly | Dec 1996 - Jun 2024 |
| South Korea (%) | 6.7 Jul 2024 | monthly | Jan 1971 - Jul 2024 |
| Kosovo (%) | 11.3 2023 | yearly | 2002 - 2023 |
| Kuwait (%) | 3.0 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Kyrgyzstan (%) | 30.9 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
| Laos (%) | 34.6 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Latvia (%) | 4.5 Aug 2024 | monthly | Jan 2015 - Aug 2024 |
| Lebanon (%) | -17.2 Feb 2024 | monthly | Dec 1980 - Feb 2024 |
| Lithuania (%) | 7.4 Aug 2024 | monthly | Dec 1994 - Aug 2024 |
| Luxembourg (%) | 7.0 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Macau SAR, China (%) | 5.3 Jul 2024 | monthly | Jun 1985 - Jul 2024 |
| North Macedonia (%) | 6.0 Aug 2024 | monthly | Jan 2004 - Aug 2024 |
| Malawi (%) | 36.0 Jun 2023 | monthly | Jan 1976 - Jun 2023 |
| Malaysia (%) | 4.7 Aug 2024 | monthly | Dec 1970 - Aug 2024 |
| Malta (%) | 4.1 Aug 2024 | monthly | Jan 2009 - Aug 2024 |
| Mauritius (%) | 9.9 Jul 2024 | monthly | Jul 1977 - Jul 2024 |
| Mexico (%) | 12.8 Aug 2024 | monthly | Dec 1986 - Aug 2024 |
| Moldova (%) | 19.4 Aug 2024 | monthly | Jan 2001 - Aug 2024 |
| Mongolia (%) | 27.3 Aug 2024 | monthly | Dec 1997 - Aug 2024 |
| Montenegro (%) | 12.0 2023 | yearly | 2003 - 2023 |
| Morocco (%) | 8.1 Aug 2024 | monthly | Jan 1986 - Aug 2024 |
| Mozambique (%) | 12.4 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Myanmar (%) | 14.0 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
| Nepal (%) | 13.9 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Netherlands (%) | -0.7 Aug 2024 | monthly | Dec 1957 - Aug 2024 |
| New Zealand (%) | 2.9 Aug 2024 | monthly | Mar 1989 - Aug 2024 |
| Nigeria (%) | 63.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Norway (%) | 5.1 Aug 2024 | monthly | Dec 1993 - Aug 2024 |
| Oman (%) | 13.3 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Pakistan (%) | 14.1 Jul 2024 | monthly | Jan 1989 - Jul 2024 |
| Palestinian Territory (%) | 7.0 Aug 2024 | monthly | Jul 2003 - Aug 2024 |
| Panama (%) | 8.7 Jul 2024 | monthly | Dec 2003 - Jul 2024 |
| Paraguay (%) | 10.5 Aug 2024 | monthly | Dec 1989 - Aug 2024 |
| Peru (%) | 11.6 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
| Philippines (%) | 7.8 Jul 2024 | monthly | Dec 1989 - Jul 2024 |
| Poland (%) | 7.7 Aug 2024 | monthly | Dec 1997 - Aug 2024 |
| Portugal (%) | 6.8 Aug 2024 | monthly | Dec 1980 - Aug 2024 |
| Qatar (%) | 6.7 Aug 2024 | monthly | Jan 1983 - Aug 2024 |
| Romania (%) | 10.8 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Russia (%) | 17.9 Aug 2024 | monthly | Dec 1992 - Aug 2024 |
| Saudi Arabia (%) | 11.0 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
| Serbia (%) | 20.1 Aug 2024 | monthly | Aug 2002 - Aug 2024 |
| Singapore (%) | 3.2 Aug 2024 | monthly | Mar 2005 - Aug 2024 |
| Slovakia (%) | 6.4 Aug 2024 | monthly | Dec 2001 - Aug 2024 |
| Slovenia (%) | 3.1 Jul 2024 | monthly | Jan 2008 - Jul 2024 |
| South Africa (%) | 6.8 Aug 2024 | monthly | Mar 1966 - Aug 2024 |
| Spain (%) | 4.4 Aug 2024 | monthly | Jan 1963 - Aug 2024 |
| Sri Lanka (%) | 10.8 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Sudan (%) | 43.9 Feb 2023 | monthly | Dec 2004 - Feb 2023 |
| Sweden (%) | -0.2 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
| Switzerland (%) | -10.4 Jun 2023 | monthly | Dec 1985 - Jun 2023 |
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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) | -3,217.150 Jul 2024 | monthly | May 1992 - Jul 2024 |
| Tax Revenue (USD mn) | 24,111.856 Jul 2024 | monthly | Jan 1996 - Jul 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) | 1,516.003 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,500.939 2029 | yearly | 1980 - 2029 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -4,412.000 Jul 2024 | monthly | May 1992 - Jul 2024 |
| Budgetary Revenue (CAD mn) | 40,448.000 Jul 2024 | monthly | May 1992 - Jul 2024 |
| Budgetary Expense (CAD mn) | -44,860.000 Jul 2024 | monthly | May 1992 - Jul 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 7,503.000 Jul 2024 | monthly | Jan 1996 - Jul 2024 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 33,067.000 Jul 2024 | monthly | Jan 1996 - Jul 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) | 41,301.000 Jul 2024 | monthly | Jan 1996 - Jul 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 (%) | 3.047 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -803.1 Aug 2024 | monthly | Jan 1988 - Aug 2024 |
| Total Exports (USD mn) | 47,097.0 Aug 2024 | monthly | Jan 1988 - Aug 2024 |
| Total Exports Growth (%) | -0.5 Aug 2024 | monthly | Jan 1989 - Aug 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) | 47,900.1 Aug 2024 | monthly | Jan 1988 - Aug 2024 |
| Total Imports Growth (%) | 1.6 Aug 2024 | monthly | Jan 1989 - Aug 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) | 35,255.657 Aug 2024 | monthly | Jan 1988 - Aug 2024 |
| Total Imports from USA (USD mn) | 29,415.965 Aug 2024 | monthly | Jan 1997 - Aug 2024 |
| Total Exports to China (USD mn) | 2,044.746 Aug 2024 | monthly | Jan 1997 - Aug 2024 |
| Total Imports from China (USD mn) | 3,784.548 Aug 2024 | monthly | Jan 1997 - Aug 2024 |
| Coal Exports (kton) | 2,780.000 Jul 2024 | monthly | Jan 1977 - Jul 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 12,129.683 Aug 2024 | monthly | Jan 2022 - Aug 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 25,809.818 Aug 2024 | monthly | Jan 2022 - Aug 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 1,069,749.514 Aug 2024 | monthly | Jan 1988 - Aug 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 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Household Debt: % of GDP (%) | 100.5 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Money Supply M1 (USD mn) | 1,133,949.732 Jul 2024 | monthly | Mar 1975 - Jul 2024 |
| Money Supply M2 (USD mn) | 1,867,875.561 Jul 2024 | monthly | Jan 1968 - Jul 2024 |
| M2 Growth (%) | 6.1 Jul 2024 | monthly | Jan 1969 - Jul 2024 |
| Foreign Exchange Reserves (USD mn) | 99,088.0 Sep 2024 | monthly | Jun 1999 - Sep 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.354 Jun 2024 | quarterly | Jun 1999 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Aug 2024 | monthly | Jun 1999 - Aug 2024 |
| Gold Reserves (USD mn) | 0.000 Sep 2024 | monthly | Dec 1956 - Sep 2024 |
| Total Deposits (USD mn) | 4,418,461.600 Jun 2024 | monthly | Jan 2009 - Jun 2024 |
| Total Deposits Growth (%) | 5.4 Jun 2024 | monthly | Jan 2010 - Jun 2024 |
| Domestic Credit (USD mn) | 4,602,802.4 Jul 2024 | monthly | Jan 1969 - Jul 2024 |
| Domestic Credit Growth (%) | 2.5 Jul 2024 | monthly | Jan 1970 - Jul 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) | 2,159,451.7 Jul 2024 | monthly | Jan 1969 - Jul 2024 |
| Total Loans (USD mn) | 3,120,604.810 Jul 2024 | monthly | Jan 1969 - Jul 2024 |
| Total Loans Growth (%) | 2.44 Jul 2024 | monthly | Jan 1970 - Jul 2024 |
| Private Debt: % of Nominal GDP (%) | 214.41 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,579,234.000 Jul 2024 | monthly | Jan 1968 - Jul 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,565,531.000 Jul 2024 | monthly | Mar 1975 - Jul 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,561,357.000 Jul 2024 | monthly | Mar 1975 - Jul 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,717,405.000 Jul 2024 | monthly | Jan 1970 - Jul 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,717,509.000 Jul 2024 | monthly | Jan 1970 - Jul 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,578,789.000 Jul 2024 | monthly | Jan 1968 - Jul 2024 |
| Official International Reserves (USD mn) | 128,074.000 Sep 2024 | monthly | Dec 1994 - Sep 2024 |
| Official International Reserves: Gold (USD mn) | 0.000 Sep 2024 | monthly | Dec 1994 - Sep 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 0.0 Sep 2024 | monthly | Dec 2001 - Sep 2024 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 53.100 Sep 2024 | monthly | Dec 2000 - Sep 2024 |
More Indicators for Canada
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