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Actual | Forecast | Previous | Revised Form | |
| -0.1% | -0.1% | -0.3% | N/A | ||
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Monthly Rate For April
From the Release: "Real gross domestic product declined 0.1% in April. This follows decreases of 0.3% in March and 0.1% in February, and more pronounced declines between November 2008 and January 2009. Declines in manufacturing, the energy sector and retail trade were the main contributors to the April decrease. Increases in the activities of real estate agents and brokers and wholesale trade mitigated the drop." |
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| 9/30 | 10/31 | 12/1 | 12/24 | 1/30 | 3/2 | 3/31 | 4/30 | 6/1 | 6/30 | ||
| Actual | 0.7% | -0.3% | 0.1% | -0.1% | -0.7% | -1.0% | -0.7% | -0.1% | -0.3% | -0.1% | |
| Forecast | 0.2% | -0.3% | 0.2% | -0.3% | -0.4% | -0.5% | -0.6% | -0.1% | -0.3% | -0.1% | |
| Previous | 0.1% | 0.7% | -0.3% | 0.1% | -0.1% | -0.7% | -1.0% | -0.7% | -0.1% | -0.3% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| -0.3% | -0.3% | -0.1% | N/A | ||
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Monthly Rate For March
From the Release: "Real gross domestic product (GDP) declined 1.4% in the first quarter, the largest quarterly decrease since 1991. Both domestic and international demand continued to weaken. Real GDP fell 0.3% in March. The declines in February and March were less pronounced than those in the preceding three months. Lower spending in Canada and the United States, particularly business investment in plant and equipment, led to a sharp decline in Canada's exports and imports. Business investment in Canada fell at the fastest rate since 1982. Final domestic demand was down 1.5% as personal spending, particularly on durable goods, continued to decline. Corporate and personal income also fell in the quarter."
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Actual | Forecast | Previous | Revised Form | |
| -0.1% | -0.1% | -0.7% | N/A | ||
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Monthly Rate For February
From the Release: "Real gross domestic product edged down 0.1% in February. Economic activity has declined by 2.4% since October 2008. A 19% rise in motor vehicle and associated parts manufacturing in February was not enough to outweigh declines in construction and in mining activities (excluding oil and gas). Wholesale and retail trade and several major groups of the manufacturing sector also declined. Conversely, oil and gas extraction and some tourism-related industries advanced. The finance and insurance sector as well as the public sector were unchanged." |
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Actual | Forecast | Previous | Revised Form | |
| -0.7% | -0.6% | -1.0% | N/A | ||
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Monthly Rate For January
From the Release: "Real gross domestic product declined 0.7% in January following decreases of 1.0% in December 2008 and 0.7% in November 2008. The output of manufacturing, especially of motor vehicle and associated parts industries, as well as wholesale trade and construction were the main contributors to the January drop. The finance and insurance sector, transportation, mining (excluding oil and gas extraction), and accommodation and food services also retreated. Economic activity increased in retail trade, oil and gas extraction and the public sector." |
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Actual | Forecast | Previous | Revised Form | |
| -1.0% | -0.5% | -0.7% | N/A | ||
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Monthly Rate For December
GDP q/q: -0.8% pr. 0.3% (3Q), 0.1% (2Q), -0.2% (1Q)
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Actual | Forecast | Previous | Revised Form | |
| -0.7% | -0.4% | -0.1% | N/A | ||
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Monthly Rate For November
From the Release: "Real gross domestic product fell 0.7% in November as essentially all major sectors reduced production. The output of manufacturing, wholesale trade, construction and real estate agents and brokers were the main contributors to the November decrease. The transportation, energy, retail trade, finance and insurance sectors also retreated. On the other hand, economic activity advanced slightly for some tourism-related industries, agriculture and the public sector (health, education and public administration combined)." |
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Actual | Forecast | Previous | Revised Form | |
| -0.1% | -0.3% | 0.1% | N/A | ||
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Monthly Rate For October
From the Release: "Real gross domestic product by industry declined 0.1% in October after increasing 0.1% in September. Declines in wholesale trade, manufacturing and in the output of real estate agents and brokers contributed the most to the October decrease. Residential construction and retail trade also retreated. On the other hand, economic activity advanced in several service industries while the output of the energy sector regained some of the ground lost in the previous two months." |
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.2% | -0.3% | N/A | ||
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Monthly Rate For September
Annualized GDP: 1.3%, forecast 1.1%, pr. 0.6% From the Release: "Canadian producers increased their output in the third quarter. The production of goods rebounded in the third quarter following four consecutive quarterly declines. The increase was led by the mining sector, notably support activities for oil and gas extraction, as well as construction. The manufacturing sector edged up while forestry continued its decline. Production in the services industries continued to grow, with notable gains in the public sector and, to a lesser extent, in retail trade and wholesale trade. Economic growth has been weak since the beginning of the year, as foreign demand has weakened and growth of domestic demand has slowed. Exports declined for the fifth consecutive quarter and growth of final domestic demand decelerated to 0.1%, largely as a result of a slowdown in consumer expenditure. The instability of world financial markets did not appear to have a significant impact on funds borrowed in domestic financial markets in the third quarter. Funds borrowed by the domestic non-financial sectors on financial markets slowed. The fluctuation was similar to that which has typically been observed in the past." |
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Actual | Forecast | Previous | Revised Form | |
| -0.3% | -0.3% | 0.7% | N/A | ||
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Monthly Rate For August
From the Release: "Real gross domestic product continued the seesaw pattern observed since December 2007 with a 0.3% decline in August, partly reversing the 0.7% increase in July. Wholesale trade, manufacturing, and the energy sector, which were the main contributors to the July increase, all retreated in August. Some transportation industries, such as rail and truck transportation, were affected by the downturn in these sectors. Conversely, accommodation and food services advanced as did the public sector. Finance and insurance, and retail trade were unchanged. Output of the energy sector decreased 0.5% in August after increasing 2.7% in July, which accounted for a large part of the July growth in total economic activity. Petroleum and natural gas extraction both declined and the pipeline transportation of natural gas dropped significantly. Wholesaling dropped 3.1% in August, more than offsetting its July gain. A significant decrease in the wholesaling of automotive products accounted for about three-quarters of the drop. Imports of automotive products, which rose significantly in July, returned to levels of recent months, while exports and retailing activities declined. The wholesaling of building materials and of personal and household goods also decreased." |
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Actual | Forecast | Previous | Revised Form | |
| 0.7% | 0.2% | 0.1% | N/A | ||
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For the Month of July
Canadian GDP rose 0.7% on the month of July, which handily beat forecasts of a 0.2% increase. Gains were led by increased energy production (3.1%), manufacturing (1.3%), wholesale trade (1.9%), and the financial sector (0.3%). Construction and retail sales remained unchanged.
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