Next release
Released quarterlyAug 28, 2026 12:30 UTC
in 68 days
Latest result
The most recent Canada GDP Growth Rate (May 29, 2026, Q1) printed 0.0% versus 0.1% expected (previous -0.2%) — below forecast, negative for the CAD.
What it measures
This measures how much Canada's economy grew over the past quarter compared with the previous one, the plain quarterly change behind the annualized headline. It shows the true size of the move without the scaling up that annualizing applies. It is a core gauge of the pace of the Canadian economy.
The Canadian dollar is shaped mainly by the rate gap with the US Federal Reserve, and higher rates reward holding it, so growth matters for the Bank of Canada's room to hold rates relative to the Fed. Stronger growth can support the loonie by backing higher rates, while a contraction raises the case for cuts and can weigh on it. The currency reacts most when the figure shifts the expected gap with the Fed, the divergence that drives the loonie. With households heavily indebted on mortgages that reset every few years, the Bank treats growth cautiously, mindful that rate changes hit quickly.
What a higher or lower Canada GDP Growth Rate means for the CAD
A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the CAD.
Higher than forecast
An actual above the 0.1% forecast is typically bullish for the CAD.
Lower than forecast
An actual below the 0.1% forecast is typically bearish for the CAD.
Release history
Every release of Canada GDP Growth Rate: actual vs forecast and the beat/miss outcome. Click a date for the full read of that release.
| Release | Actual | Forecast | Previous | Outcome |
|---|---|---|---|---|
| May 29, 2026 · Q1 | 0.0% | 0.1% | -0.2% | below |
| Feb 27, 2026 · Q4 | -0.2% | -0.1% | 0.6% | below |
| Nov 28, 2025 · Q3 | 0.6% | 0.3% | -0.5% | above |
| Aug 29, 2025 · Q2 | -0.4% | 0.2% | 0.5% | below |
| May 30, 2025 · Q1 | 0.5% | 0.3% | 0.5% | above |
| Feb 28, 2025 · Q4 | 0.6% | 0.2% | 0.5% | above |
| Nov 29, 2024 · Q3 | 0.3% | 0.4% | 0.5% | below |
| Aug 30, 2024 · Q2 | 0.5% | 0.5% | 0.4% | inline |
| May 31, 2024 · Q1 | 0.4% | 0.6% | 0% | below |
| Feb 29, 2024 · Q4 | 0.2% | 0.3% | -0.1% | below |
| Nov 30, 2023 · Q3 | -0.3% | 0.0% | 0.3% | below |
| Sep 1, 2023 · Q2 | 0% | 0.1% | 0.6% | below |
| May 31, 2023 · Q1 | 0.8% | 0.5% | 0% | above |
| Feb 28, 2023 · Q4 | 0% | 0.4% | 0.6% | below |
| Nov 29, 2022 · Q3 | 0.7% | 0.4% | 0.8% | above |
| Aug 31, 2022 · Q2 | 0.8% | 1% | 0.8% | below |
| May 31, 2022 · Q1 | 0.8% | 1.4% | 1.6% | below |
| Mar 1, 2022 · Q4 | 1.6% | 1.6% | 1.3% | inline |
| Nov 30, 2021 · Q3 | 1.3% | 0.5% | -0.8% | above |
| Aug 31, 2021 · Q2 | -0.3% | 0.6% | 1.4% | below |
| Jun 1, 2021 · Q1 | 1.4% | 3.8% | 2.2% | below |
| Mar 2, 2021 · Q4 | 2.3% | 1.5% | 8.9% | above |
| Dec 1, 2020 · Q3 | 8.9% | 10% | -11.3% | below |
| Aug 28, 2020 · Q2 | -11.5% | -12% | -2.1% | above |
| May 29, 2020 · Q1 | -2.1% | -2.6% | 0.1% | above |
| Feb 28, 2020 · Q4 | 0.1% | 0.1% | 0.3% | inline |
| Nov 29, 2019 · Q3 | 0.3% | 0.2% | 0.9% | above |
| Aug 30, 2019 · Q2 | 0.9% | 0.4% | 0.1% | above |
| May 31, 2019 · Q1 | 0.1% | 0.5% | 0.1% | below |
| Mar 1, 2019 · Q4 | 0.1% | 0.4% | 0.5% | below |
| Nov 30, 2018 · Q3 | 0.5% | 0.3% | 0.7% | above |
| Aug 30, 2018 · Q2 | 0.7% | 0.6% | 0.4% | above |
| May 31, 2018 · Q1 | 0.3% | 0.3% | 0.4% | inline |
| Mar 2, 2018 · Q4 | 0.4% | 0.50% | 0.4% | below |
| Dec 1, 2017 · Q3 | 0.4% | 0.4% | 1.0% | inline |
| Aug 31, 2017 · Q2 | 1.1% | 0.7% | 0.9% | above |
Frequently asked questions
- What is Canada GDP Growth Rate?
- This measures how much Canada's economy grew over the past quarter compared with the previous one, the plain quarterly change behind the annualized headline. It shows the true size of the move without the scaling up that annualizing applies. It is a core gauge of the pace of the Canadian economy.
- What was the latest Canada GDP Growth Rate reading?
- The most recent release (May 29, 2026, Q1) came in at 0.0%, versus a forecast of 0.1% and a previous -0.2% — below expectations.
- When is the next Canada GDP Growth Rate?
- The next Canada GDP Growth Rate is scheduled for Aug 28, 2026. It is released quarterly.
- What happens to the CAD if Canada GDP Growth Rate is higher than expected?
- An actual reading above the consensus forecast is typically bullish for the CAD, while a reading below forecast is bearish for the CAD. A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the CAD.
- How does Canada GDP Growth Rate affect the CAD?
- The Canadian dollar is shaped mainly by the rate gap with the US Federal Reserve, and higher rates reward holding it, so growth matters for the Bank of Canada's room to hold rates relative to the Fed. Stronger growth can support the loonie by backing higher rates, while a contraction raises the case for cuts and can weigh on it. The currency reacts most when the figure shifts the expected gap with the Fed, the divergence that drives the loonie. With households heavily indebted on mortgages that reset every few years, the Bank treats growth cautiously, mindful that rate changes hit quickly.