Quarterly GDP Annualized QoQ Change in Canada
Canada| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
Quarter-over-quarter annualized Gross Domestic Product (GDP) measures the annualized rate of change in the total economic output of Canada compared to the previous quarter. This data, released quarterly by Statistics Canada, is crucial for assessing short-term economic trends.
Annualized quarter-over-quarter data helps gauge how the economy is growing or contracting over a short period. When GDP increases, it indicates economic expansion, which can lead to higher corporate earnings and job growth. Conversely, a decline in GDP suggests economic stagnation or contraction, potentially leading to reduced corporate earnings and job losses.
This data is vital for policymakers to evaluate economic health and formulate appropriate monetary and fiscal policies. For example, if GDP shows strong growth, the central bank might consider raising interest rates to manage inflation risks. Conversely, if GDP is declining, it may be necessary to strengthen economic stimulus measures. For businesses and investors, this indicator is essential as it provides insights into the economic outlook, helping to inform their strategies and decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
