Economic Growth in Canada
GDP MoM (Canada)
Canadian Economy to Contract Again for the 2nd Time in November
Starts Thursday, January 31, 2019 at 13:30
Updated Thursday, January 31, 2019
The economic growth used to be pretty solid in Canada during Spring and Summer. The report released in July showed that the GDP increased by 0.5% a month but August's report showed a steep dovish turnaround as growth fell flat to 0.0%, lower than expectations which were for a 0.1% increase. We saw some really weak inflation and retail sales numbers from Canada for August, but the GDP increased by 0.1% nonetheless. Although, the economy shrank by 0.1% in September. It turned positive again in October growing by 0.3% but today's report which is for November is expected to show another contraction of 0.1%. Follow the live coverage by experienced analysts.
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About GDP MoM (Canada)
Released monthly by Statistics Canada, Canadian GDP (MoM) is a primary metric facing economic output. It is a valuation of all goods and services produced domestically over the previous calendar month.GDP is a crucial measurement of Canada’s economic prowess. Heavily dependent upon the energy, agricultural, and services sectors, Canada is a top 20 global economic power. Short-term trends in GDP (MoM) impact the pricing of the CAD greatly. Growing GDP numbers that are adjusted for inflation are interpreted as bullish, while lagging figures are bearish.