Consumption in Canada

Canada Consumption | Economic News & Forecasts

Canada - Consumption

Economic activity increases in October; flash estimate suggests further growth in November

GDP increased 0.1% in month-on-month seasonally-adjusted terms in October, which followed September's 0.2% increase. The result marked the worst reading since January, but was still the ninth straight month of growth. A stronger services sector—the entertainment and hospitality sectors performed particularly well—more than offset weaker industrial activity.

On an annual basis, GDP rose at a softer pace of 3.1% in October (September: +3.9% yoy).

According to a flash estimate, the economy expanded a further 0.1% in November, with increases in the utilities, wholesale, and finance and insurance sectors partially offset by decreases in the construction, retail, and mining sectors.

FocusEconomics analysts project growth of 0.4% in 2023, which is down 0.3 percentage points from last month. In 2024, our analysts see growth at 1.6%.

Canada - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)2.3  1.9  3.7  2.2  1.6  

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Canada Facts

Value Change Date
Bond Yield1.701.00 %Dec 31
Exchange Rate1.300.15 %Jan 01

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