GDP 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 quarter-over-quarter basis by Statistics Canada. This measure is reported on a monthly basis by Statistics Canada. Canada’s GDP growth rate reached an all-time high value of 3.33% reported in the fourth quarter of 1963 and the lowest of -2.30% in the first quarter of 2009. If GDP growth rate is higher than expected then it should be taken as bullish for the CAD, while a lower than expected should be taken as bearish for the CAD.