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Canadian GDP: ‘R’ is for ‘Rebound’!
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 April which was higher than the preliminary flash estimate of 0.4% that Statcan ... (full story)
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Real gross domestic product (GDP) grew 0.5% in April, after contracting 0.1% in March, on strength in both goods-producing and services-producing industries. Goods-producing industries rose 1.2% in April, reflecting growth in most sectors and driven by mining, quarrying, and oil and gas extraction. Services-producing industries grew 0.3%, rising for the ...
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- Jun 30, 10:58am | 2 hr 54 min ago Posted byFundamental Analysis376
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