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 signals 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 September and the first week of October:

Date Calgary Montreal Toronto
Oct. 31 328.07 261.69 224.17
Nov. 7 277.97 248.90 227.39

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

Source: Statistics Canada