GDP Annual Growth Rate

GDP or Gross Domestic Product tracks the value of all final goods and/ or services that have been produced within the economy of a country or the total income earned from every household, business and the country’s government. In general, it’s a measure of the value of economic activity within a country. This figure is calculated on a year-over-year basis. This measure is reported on a monthly basis by Statistics Canada. Canada’s highest value of 8.80% was reported in the first quarter of 1961 and the lowest of -4.10% in the fourth quarter of 1982. If GDP growth rate is higher than expected, then it should be taken as bullish for the CAD, while a lower that expected should be taken as bearish for the CAD.