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Canada Flash Q1 Annualized GDP Slightly Below BOC Forecast

CANADA DATA
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  • Canada flash Q1 GDP by industry +2.5% at an annualized pace as QOQ growth +0.6%. The annualized figure falls short of the BoC's +2.8% expenditure based forecast.
  • The next GDP release on the 31st of May will provide the expenditure based QOQ growth figure a week ahead of the BoC's June interest-rate decision. 
  • Statistics Canada's advance estimate for March has GDP 0% MOM as increases in utilities and real estate were offset by decreases in manufacturing and retail. 
  • Official February figures show GDP +0.2% MOM vs +0.3% expected, growth was led by service producing industries. 
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  • Canada flash Q1 GDP by industry +2.5% at an annualized pace as QOQ growth +0.6%. The annualized figure falls short of the BoC's +2.8% expenditure based forecast.
  • The next GDP release on the 31st of May will provide the expenditure based QOQ growth figure a week ahead of the BoC's June interest-rate decision. 
  • Statistics Canada's advance estimate for March has GDP 0% MOM as increases in utilities and real estate were offset by decreases in manufacturing and retail. 
  • Official February figures show GDP +0.2% MOM vs +0.3% expected, growth was led by service producing industries.