Breaking News

Canada Gross Domestic Product (GDP) Annualized QoQ

Latest Release

Aug 30, 2024

Actual

2.1%

Forecast

1.6%

1.8%

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy''s health. A stronger than expected number should be taken as positive for the CAD and a lower than expected number as negative to the CAD.

Importance:

Country:

Currency: CAD

Source: Statictics Canada

Release Date	Time	Actual	Forecast	Previous
Nov 29, 2024 (Q3)	08:30			2.1%
Aug 30, 2024 (Q2)	07:30	2.1%	1.6%	1.8%
May 31, 2024 (Q1)	07:30	1.7%	2.2%	0.1%
Feb 29, 2024 (Q4)	08:30	1.0%	0.8%	-0.5%
Nov 30, 2023 (Q3)	08:30	-1.1%	0.2%	1.4%
Sep 01, 2023 (Q2)	07:30	-0.2%	1.2%	2.6%

News

Canada Economy Expands 3.3% in Second-Quarter, Shrinks in July By Bloomberg - Aug 31, 2022

(Bloomberg) -- The Canadian economy accelerated in the second quarter as the nation benefited from surging commodity prices and got a boost from the lifting of Covid-related lockdowns, though signs...

Canadian Econ. Weekly Recap: BoC Rate Hike; Strong Economy, Persistent Inflation By Investing.com - Mar 05, 2022

By Ketki Saxena Investing.com – The biggest story in Canadian economics this past week was the Bank of Canada’s long anticipated rate hike. The BoC hiked rates 25 basis points from 0.25% to 0.50% on...

Bank of Canada Expected to Hike Rates Tomorrow as Inflation Soars, Economy Robust By Investing.com - Mar 01, 2022

By Ketki Saxena Investing.com -- The Bank of Canada is widely expected to raise interest rates tomorrow, as Canadian CPI (consumer price index) continues to soar, hitting 5.1% - or a 30 year high in...

Analysis

Softer Canadian Real GDP growth, A New Chapter For Protectionism By Sebastien Lavoie - Mar 02, 2018

The last 24 hours brought disappointing news for the Canadian economy. First, the pace of economic growth moderated at a faster pace than expected during the second half of 2017 according to this...

Bank Of Canada Rate Decision: 3 Potential Outcomes By Kathy Lien - Jan 16, 2018

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Wednesday’s Bank of Canada monetary policy meeting is the most important event risk this week and according to interest...

BoC Hikes Rates, Flatfoots Market By Dean Popplewell - Sep 06, 2017

The Bank of Canada flatfooted the market and hiked +25 bps to +1% on stronger growth data.Canadian Q2 data warranted the removal of “considerable” stimulus from the economy. This marked...

GDP Annualized (QoQ) Discussion

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