Canada CAD

Canada GDP Growth Rate Annualized

Impact:
High
Source: Statistics Canada

Latest Release:

Date:
Big Surprise:
0.5%
| CAD
Actual:
2.2%
Forecast: 1.7%
Previous/Revision:
2.1%
Period: Q1

Next Release:

Date:
Forecast: -1.2%
Period: Q2
What Does It Measure?
The Canada GDP Growth Rate Annualized measures the economic performance of Canada by assessing the rate at which the country's Gross Domestic Product (GDP) is increasing or decreasing over a year, expressed in annualized terms for clearer investment comparisons. This indicator focuses on overall economic activity, including production, consumption, investments, and net exports, and is a national measure.
Frequency
This report is released quarterly, reflecting the economic performance of Canada in a specific quarter, with preliminary estimates typically published about one month after the end of the quarter and final figures available a few months later.
Why Do Traders Care?
Traders monitor this indicator closely as it provides critical insights into Canada's economic health, influencing currency value (CAD), stock market performance, and investor sentiment. A stronger-than-expected GDP growth rate usually has bullish implications for the CAD and equities, while weaker results can lead to bearish outcomes.
What Is It Derived From?
The GDP Growth Rate Annualized is calculated based on comprehensive data collection methods that include national accounts statistics, which aggregate data from various sectors such as services, manufacturing, and agriculture. It employs survey responses from businesses and government economic indicators, with economic activity measured and expressed in real terms to account for inflation.
Description
GDP figure reports are typically published in both preliminary and final versions; preliminary data is based on early estimates and can be subject to revisions, while final data provides a more accurate reflection of economic performance but is available at a later date. Traders often react more significantly to preliminary figures due to their timeliness, but adjustments in market forecasts may occur upon the later release of final data.
Additional Notes
The Canada GDP Growth Rate serves as a coincident economic indicator, showing real-time changes in overall economic performance and is often analyzed alongside other indicators such as employment rates and consumer spending. This event is essential for understanding broader economic trends both within Canada and in relation to global economic performance.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CAD, Bullish for Stocks. Lower than expected: Bearish for CAD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
May 30, 2025
2.2%
 1.7%
2.1%
0.5%
Feb 28, 2025
2.6%
 1.9%
2.2%
0.7%
Aug 30, 2024
2.1%
 1.6%
1.8%
 0.5%
May 31, 2024
1.7%
 2.2%
0.1%
-0.5%
Feb 29, 2024
1%
 0.8%
-0.5%
 0.2%