In January, GDP increased a seasonally adjusted 0.1% over the previous month, which was below December's 0.5% rise but in line with market expectations. Growth in output of goods-producing industries slowed in January, led by declining mining and oil and gas extraction. Moreover, growth in output of service-producing industries also decelerated, mainly driven by slower expansions in wholesale trade as well as in finance, insurance and real estate services. On an annual basis, GDP expanded 1.7% in January (December: +1.9% year-on-year). Moreover, the trend continues to point downwards, with the annual average growth rate inching down from 2.6% in December to 2.5% in January. The Central Bank projects the economy to grow 2.0% in 2012 and 2.8% in 2013.
GDP sees slower growth in January
March 30, 2012
Looking for forecasts related to GDP in Canada? Download a sample report now.
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.