10
UDI State of the Market Q1-2024
11
Economic Indicators
Crude oil increased to
$83.55 USD per barrel
by the end of Q1-2024.
INSIGHTS AND COMMENTS
• The Federal budgetary balance showed a deficit of
$31.5 billion in Q4-2023. The deficit has increased by
$20.9 billion when compared to the previous quarter’s
net deficit but was $6.2 billion less than the net deficit
recorded in Q4-2022.
• In the most recent data available (Q4-2023), investment
in new multi-family construction in BC totaled just
under mid $2.1 billion, which represents a 0.5 percent
decrease from the previous quarter but a 0.7 percent
increase when compared to Q4-2022.
• The price of crude oil increased to $83.55 USD per
barrel by the end of Q1-2024. This was a 10.3 percent
increase from the previous quarter and a 9.3 percent
increase from the same quarter last year. Current crude
oil prices are 18.6 percent higher than the five-year
average price of $70.43 USD per barrel.
• There were 583 bankruptcies recorded in BC in
Q1-2024, an increase of 0.5 percent from Q4-2023 and
up 9.6 percent from Q1-2023.
• The DJIA Increased to 39,807 points at the end of
Q1-2024, a 19.6 percent year-over-year increase.
• The value of TSX shares traded has Increased from
$214.5 billion in Q4-2023 to $236.3 billion at the end
of Q1-2024.
ECONOMIC
INDICATORS
State of
the Market
Insights
and Comments