In April, GDP increased a seasonally adjusted 0.3% over the previous month, which was above both March's 0.1% rise as well as market expectations of a 0.2% expansion. According to Statistics Canada, mining and oil and gas extraction as well as wholesale trade led the monthly increase in April. On an annual basis, GDP expanded 2.0% in April (March: +1.7% year-on-year). Moreover, the trend stabilized, with the annual average growth rate remaining stable at March's 2.2%. The Central Bank projects the economy to grow 2.4% in both 2012 and 2013.
GDP growth accelerates in April
June 29, 2012
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Note: Quarter-on-quarter changes of seasonally adjusted annualized GDP and year-on-year variation in %.
Source: Statistics Canada (SC) and FocusEconomics Consensus Forecast.
Canada Economic News
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.
September 30, 2016
In July, GDP grew a strong 0.5% over the previous month in seasonally-adjusted terms.
September 23, 2016
In August, seasonally-adjusted consumer prices recorded a 0.1% decrease over the previous month, which was down from the flat figure recorded in July and marked the lowest reading in six months.