The Canadian economy advanced an annualized 2.9 percent on quarter in the second quarter of 2018, higher than an upwardly revised 2.9 percent in thye previous period but slightly below market expectations of 3 percent. It is the strongest growth rate in a year. GDP Growth Annualized in Canada averaged 3.15 percent from 1961 until 2018, reaching an all time high of 12.60 percent in the fourth quarter of 1963 and a record low of -9.10 percent in the first quarter of 2009.
GDP Growth Annualized in Canada is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Canada to stand at 2.20 in 12 months time. In the long-term, the Canada GDP Growth Annualized is projected to trend around 1.90 percent in 2020, according to our econometric models.