The Real-time Local Business Conditions Index is released as an experimental statistic to measure business activity in real time during the COVID-19 pandemic and beyond.  A rising index reflects improving business conditions in an urban centre, while a declining index signal deteriorating business conditions.

The Index has three components that combine alternative data sources with Statistics Canada’s data holdings: the first is a static component to measure the economic size of a business district at the local level; the second tracks operating conditions of the businesses in a given area; and the third measures the level of business activity in the area using road traffic data.

Here are the updates for major Canadian cities for two weeks in October:

Date Calgary Montreal Toronto
Oct, 10 296.23 220.95 204.51
Oct, 17 287.27 218.02 239.15

To view additional cities and data, visit the Statistics Canada website.

Source: Statistics Canada