In April, GDP did not change over the previous month in seasonally adjusted terms, falling short of March's 0.3% increase but exceeding market expectations of a 0.1% decline. On an annual basis, GDP grew 2.8%, slightly up from a 2.7% increase observed in March. In contrast, the annual average growth rate eased a notch from the 3.6% observed in March to 3.5% in April after having moved sideways for the past five months. The monthly result was a consequence of no change in both goods-producing and service-providing industries. Within goods-producing industries, mining, oil and gas extraction posted the biggest increase, which was offset by a contraction in manufacturing. Manufacturing contracted amid a shortage in supplies following the tsunami in Japan. Within service-providing industries, an increase in retail trade was offset by a decline in wholesale trade. Finance, insurance and real estate services, which account for more than 20% of GDP, contracted in April. The Central Bank estimates the economy to grow 2.9%, before decelerating to expand 2.6% in 2012.
GDP remains unchanged in April
June 30, 2011
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Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
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.