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.