Monetary Aggregates and Their Components: Broad Money and Components: M3 for Canada
MABMM301CAM189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,549,553,000,000.00
Year-over-Year Change
5.10%
Date Range
1/1/1970 - 10/1/2023
Summary
The M3 monetary aggregate measures broad money supply in Canada, including cash, checking accounts, savings deposits, and other liquid assets. It provides insight into the overall liquidity and spending power in the Canadian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
M3 is the broadest measure of the Canadian money supply, encompassing cash, checking and savings accounts, and other highly liquid financial instruments. Economists and policymakers analyze M3 to understand changes in the overall liquidity and credit conditions in the Canadian financial system.
Methodology
The Bank of Canada collects and calculates the M3 monetary aggregate based on data from depository institutions and other financial entities.
Historical Context
The M3 trend is closely monitored by the Bank of Canada and financial analysts to gauge inflationary pressures and the effectiveness of monetary policy.
Key Facts
- M3 includes cash, checking accounts, savings deposits, and other liquid assets.
- M3 is the broadest measure of the Canadian money supply.
- The Bank of Canada closely monitors M3 to assess financial conditions.
FAQs
Q: What does this economic trend measure?
A: The M3 monetary aggregate measures the broad money supply in Canada, including cash, checking accounts, savings deposits, and other highly liquid financial instruments.
Q: Why is this trend relevant for users or analysts?
A: M3 provides insight into the overall liquidity and spending power in the Canadian economy, which is closely monitored by the Bank of Canada and financial analysts to gauge inflationary pressures and the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The Bank of Canada collects and calculates the M3 monetary aggregate based on data from depository institutions and other financial entities.
Q: How is this trend used in economic policy?
A: The M3 trend is closely monitored by the Bank of Canada to assess financial conditions and the effectiveness of monetary policy in managing inflation and maintaining economic stability.
Q: Are there update delays or limitations?
A: The M3 data is published regularly by the Bank of Canada, with typical update delays of one to two months.
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Citation
U.S. Federal Reserve, Monetary Aggregates and Their Components: Broad Money and Components: M3 for Canada (MABMM301CAM189S), retrieved from FRED.