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 - Thursday 29 February 2024 13:30

Previous
-1.1%
Revised
-0.5%
Forecast
0.8%
Actual
1%

Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.

Next event - Friday 31 May 2024 12:30

Previous
1%
Forecast
-
Actual
-

The typical/expected impact on CAD pairs is high.

There is no forecast value for Gross Domestic Product Annualized yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product Annualized was 1% against a forecast of 0.8%.

Past events

Date
Forecast
Actual
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%
Tuesday 30 November 2021 13:30
3%
5.4%
Tuesday 31 August 2021 12:30
2.5%
-1.1%
Tuesday 1 June 2021 12:30
6.7%
5.6%

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
Gross Domestic Product (MoM)Bullish change-0.1%0.6%
Retail Sales (MoM)Bearish change0.9%-0.3%
Retail Sales ex Autos (MoM)Bearish change0.6%0.5%
BoC Consumer Price Index Core (MoM)(no change)0.1%0.1%
BoC Consumer Price Index Core (YoY)Bearish change2.4%2.1%
Consumer Price Index (MoM)Bullish change0%0.3%
Consumer Price Index (YoY)Bearish change2.9%2.8%

About Gross Domestic Product Annualized

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

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