Canada annualized Gross Domestic Product contracts 0.1% in Q1
WikiBit 2026-05-29 21:53
Canada's Gross Domestic Product (GDP) was unchanged on a quarterly basis in the first quarter of 2026 following the 0.2% contraction recorded in the last
Finance
Canada annualized Gross Domestic Product contracts 0.1% in Q1
Canadas Gross Domestic Product (GDP) was unchanged on a quarterly basis in the first quarter of 2026 following the 0.2% contraction recorded in the last quarter of 2025, Statistics Canada reported on Friday.
In this period, the annualized GDP declined by 0.1%, falling short of the market expectation for a growth of 1.5%. On a monthly basis, the GDP contracted by 0.1% in March.
Market reaction
USD/CAD edged higher with the immediate reaction to disappointing GDP data and was last seen rising 0.25% on the day at 1.3820.
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