CA GDP m/m

Canadian economic activity increased 0.5% in April, slightly higher than Statistics Canada’s 0.4% advance estimate and marking the strongest monthly gain since July 2025. As expected, the increase was driven primarily by stronger activity in goods-producing industries, particularly mining, quarrying, and oil and gas extraction, alongside a pickup in manufacturing output. Service-producing industries also expanded, though at a more moderate pace. The stronger April reading points to a firmer start to the second quarter after growth ...

Canada’s economy never entered any credible definition of recession, but growth is rebounding nicely in the second quarter. This offers a nice set-up for the Bank of Canada’s wholesale forecast reset in the July 15th MPR and following next week’s BoC surveys that are likely to show higher inflation expectations. Q2 GDP is tracking a gain of 2.3% q/q SAAR and is very close to rounding up to 2.4%. That would be the strongest growth since 2025Q3 (chart 1) using monthly production-side GDP accounts. chart GDP grew by 0.55% m/m SA in ...

It's going to be a blockbuster kind of week for the Canadian economy. The deadline to renew Canada-U.S.-Mexico Agreement will (almost assuredly) swoosh by on Wednesday, accompanied by a chorus of commentary and recriminations. Before we get there, we will get the latest GDP numbers for April on Tuesday. The economy has been struggling to find its footing. We experienced back-to-back quarters of economic contraction through the end of last year and the beginning of this year, sparking heated debate about whether Canada is in a ...

Canadian real GDP fell at 0.1% annual rate in Q1, well below consensus expectations and the flash estimate of growth of around 1.5%. All the headlines will be focused on the fact that this marks the second consecutive quarter of GDP declines, as Q4 was revised even lower to drop of -1.0% annualized (from -0.6%). To be sure, these are modest declines—the Q1 dip was barely there, and could be easily revised away—and, as StatCan pointed out, GDP actually expanded on a per capita basis in Q1. Still, the economy has contracted in three of ...

Statistics Canada says economic growth as measured by GDP stalled in the first quarter and real gross domestic product was slightly negative on an annualized basis. The agency mainly blames higher imports of gold and a weak month for Canada’s resource extraction industries in March for dragging down recent economic activity. Real GDP has now declined for two consecutive quarters – meeting the definition of a technical recession – though the data paints a mixed picture of the economy. Real GDP declined last October and in March, but ...

The way that Canada’s economy reacted to the Iran war, particularly from higher oil and energy prices, will become clearer in the upcoming GDP report set for release on Friday. Canada’s Gross Domestic Product (GDP) shows the total value of all goods and services an economy produces in a given period, which includes the amount of money generated from selling oil. Friday’s GDP release from Statistics Canada for March will show the first full month of data since the conflict began. This comes after a recent report showed Canada recorded ...