Gross Domestic Product Annualized

The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. A rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD.

Most recent - Friday 29 November 2024 13:30

Previous
2.2%
Revised
2.2%
Forecast
1%
Actual
1%

Trading range

Forecast history

The most recent announced value for Gross Domestic Product Annualized was 1% against a forecast of 1%.

Past events

Date
Forecast
Actual
Friday 29 November 2024 13:30
1%
1%
Friday 30 August 2024 12:30
1.6%
2.1%
Friday 31 May 2024 12:30
2.2%
1.7%
Thursday 29 February 2024 13:30
0.8%
1%
Thursday 30 November 2023 13:30
0.2%
-1.1%
Friday 1 September 2023 12:30
1.2%
-0.2%
Wednesday 31 May 2023 12:30
2.5%
3.1%
Tuesday 28 February 2023 13:30
1.5%
0%
Tuesday 29 November 2022 13:30
3.5%
2.9%
Wednesday 31 August 2022 12:30
4.4%
3.3%
Tuesday 31 May 2022 12:30
5.4%
3.1%
Tuesday 1 March 2022 13:30
6.2%
6.7%

Economic context

Recent economic data has been moderately bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product Annualized result:

PreviousLatest
BoC Interest Rate DecisionBearish change3.75%3.25%
Ivey Purchasing Managers IndexBearish change52.249.7
Ivey Purchasing Managers Index s.aBullish change5252.3
Average Hourly Wages (YoY)Bearish change4.9%3.9%
Net Change in EmploymentBullish change14.5K50.5K
Unemployment RateBearish change6.5%6.8%
S&P Global Manufacturing PMIBullish change51.152

About Gross Domestic Product Annualized

Country:Canada
Currency:CAD
Source:Statistics Canada
Category:Economic Activity
Frequency:Quarterly

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