The Canadian economy expanded 1.1% month-over-month in March of 2021, following a 0.4% growth in February and slightly above market expectations of a 1% growth. This 11th consecutive monthly increase continued to offset the steepest drops in Canadian economic activity on record observed in March and April 2020. However, total economic activity was about 1% below the level observed in February 2020, before the COVID-19 pandemic. Both goods-producing (+1.1%) and services-producing (+1.1%) industries were up, as 18 of 20 industrial sectors posted increases in March. Meanwhile, preliminary estimates for April point to a 0.8% contraction, the first since April 2020, reflecting in part additional public health measures in some parts of the country. source: Statistics Canada
Leading Economic Index in Canada averaged 0.20 percent from 1997 until 2021, reaching an all time high of 6.10 percent in June of 2020 and a record low of -11.20 percent in April of 2020. This page provides the latest reported value for - Canada GDP MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada GDP MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Leading Economic Index in Canada is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Canada to stand at 0.40 in 12 months time. In the long-term, the Canada GDP MoM is projected to trend around 0.30 percent in 2022, according to our econometric models.