Canada GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on Canadian economic health.
Actual
1.6%
Forecast
1.6%
Previous
1.3%
Canada GDP Growth Rate for Q4 came in at 1.6% versus 1.6% expected (previous 1.3%), in line with forecast.
What it meant for the CAD
The actual landed in line with the 1.6% forecast. A reading above forecast is generally bullish for the CAD, and below forecast bearish.
New to this release? See what Canada GDP Growth Rate measures, the next release and its full history.