Compare/🇨🇦 CAN vs 🇺🇸 USA/Narrow Money Supply (M1) Growth
monetary

Narrow Money Supply (M1) Growth

Year-over-year growth in narrow money supply (M1)

🇨🇦 Canada
2.8%▲ 0.3
As of 2025-12-01
🇺🇸 United States
2.5%▼ 4.7
As of 2025-12-01

Historical Comparison

Feb 2015Dec 2015Oct 2016Jul 2017Apr 2018Feb 2019Dec 2019Oct 2020Jul 2021Apr 2022Feb 2023Dec 2023Oct 2024Dec 2025-120%0.0%120%240%360%
  • Canada
  • United States

Why it matters

Tracks the most liquid money in the economy — cash and chequable deposits — signalling near-term spending capacity.

Frequency: monthly
Units: percent change
Seasonal adj.: sa
Importance: 5/10