Canada's economy is expected to have grown by 0.2 percent in April 2023, according to preliminary estimates, driven by increases in sectors such as mining, quarrying, oil and gas extraction, transportation and warehousing, as well as real estate-related activities. However, the wholesale and retail trade sectors, as well as public administration, likely contracted during this period. In the final estimates for March, the Canadian economy showed no growth during that period, with service-producing industries remaining flat and goods-producing industries experiencing a slight decline of 0.1 percent. source: Statistics Canada

Monthly GDP MoM in Canada averaged 0.20 percent from 1997 until 2023, reaching an all time high of 5.80 percent in June of 2020 and a record low of -10.80 percent in April of 2020. This page includes a chart with historical data for Canada Monthly GDP MoM. Canada Monthly GDP MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Monthly GDP MoM in Canada is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Monthly GDP MoM is projected to trend around 0.50 percent in 2024, according to our econometric models.

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Canada Monthly GDP MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-05-31 12:30 PM GDP MoM Prel Apr 0.2% 0% 0.2%
2023-05-31 12:30 PM GDP MoM Mar 0% 0.1% -0.1% -0.1%
2023-06-30 12:30 PM GDP MoM Apr

Canada Monthly GDP MoM
In Canada, Monthly GDP MoM measures the change in the value of the goods and services produced by the country's economy compared to the previous month.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.00 5.80 -10.80 1997 - 2023 percent Monthly
SA

News Stream
Canada Economy Likely Grew 0.2% in April
Canada's economy is expected to have grown by 0.2 percent in April 2023, according to preliminary estimates, driven by increases in sectors such as mining, quarrying, oil and gas extraction, transportation and warehousing, as well as real estate-related activities. However, the wholesale and retail trade sectors, as well as public administration, likely contracted during this period. In the final estimates for March, the Canadian economy showed no growth during that period, with service-producing industries remaining flat and goods-producing industries experiencing a slight decline of 0.1 percent.
2023-05-31
Canada Economy Likely Contracted in March
The Canadian economic activity likely edged down by 0.1% mom in March 2023, as increases in the public sector, professional, scientific & technical services, and administrative & support, waste management & remediation services were partially offset by declines in retail & wholesale trade and mining & quarrying (except oil and gas). In February, the GDP edged up by 0.1%, following a 0.6% expansion in January. Both goods-producing and services-producing industries went up by 0.1%, with 12 of 20 industrial sectors recording gains.
2023-04-28
Canada Economy Seen Decelerating in February
The Canadian economic activity likely increased by 0.3% over a month earlier in February 2023, as increases in the mining, quarrying, and oil and gas extraction, manufacturing, and finance and insurance sectors were slightly offset by decreases in construction, wholesale trade, and accommodation and food services. In January, the GDP increased by 0.5%, following a slight 0.1% contraction in December. Both goods-producing (+0.4%) and services-producing (+0.6%) industries were up in January, as 17 of 20 industrial sectors posted increases. The main positive contributions came from accommodation & food services (+4%); arts, entertainment and recreation (+2.1%); transportation & storage (+1.9%); wholesale trade (+1.8%) and mining, quarrying, and oil and gas extraction (+1.1%).
2023-03-31