Monetary Aggregates and Their Components: Broad Money and Components: M3 for Canada
MABMM301CAQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,520,288,333,333.33
Year-over-Year Change
19.70%
Date Range
1/1/1970 - 7/1/2023
Summary
The M3 monetary aggregate measures the broad money supply in Canada, including currency, deposits, and other liquid assets. It is a key indicator of economic activity and inflation monitored by policymakers.
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 physical currency, checking and savings deposits, and other highly liquid financial instruments. It is considered a reliable gauge of the overall liquidity in the Canadian economy and is closely watched by the Bank of Canada and other analysts.
Methodology
The data is collected and compiled by Statistics Canada through surveys of financial institutions.
Historical Context
The M3 money supply trend provides important context for the Bank of Canada's monetary policy decisions and helps economists assess the country's economic conditions.
Key Facts
- M3 is the broadest measure of Canada's money supply.
- The M3 trend is a key indicator monitored by the Bank of Canada.
- Changes in M3 can signal shifts in economic activity and inflation.
FAQs
Q: What does this economic trend measure?
A: The M3 monetary aggregate measures the broad money supply in Canada, including currency, deposits, and other liquid financial assets.
Q: Why is this trend relevant for users or analysts?
A: The M3 money supply trend is a closely watched indicator that provides important insights into Canada's economic conditions and the stance of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and compiled by Statistics Canada through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: The M3 money supply trend is a key indicator monitored by the Bank of Canada to inform its monetary policy decisions and assess the overall liquidity in the Canadian economy.
Q: Are there update delays or limitations?
A: The M3 data is published on a regular basis by Statistics Canada with minimal delays, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, Monetary Aggregates and Their Components: Broad Money and Components: M3 for Canada (MABMM301CAQ189N), retrieved from FRED.