Canada GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on Canadian economic health.
Actual
0.5%
Forecast
0.5%
Previous
0.4%
Source: Statistics Canada. Figures as released; revisions appear in the next print.
Canada GDP Growth Rate for Q2 2024 came in at 0.5% versus 0.5% expected (previous 0.4%), in line with forecast.
What it meant for the Canadian Dollar
The actual landed in line with the 0.5% 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.