The Canadian economy expanded 0.8% month-over-month in October of 2021, following a 0.2% growth in September and in line with market expectations. It was the fifth consecutive monthly expansion, as both goods-producing (+1.6%) and services-producing (+0.6%) industries were up, with 17 of 20 industrial sectors posting gains in October. Leading the growth were accommodation and food services, wholesale trade, construction and the arts and entertainment sectors, while the mining, quarrying, and oil and gas extraction sector offset some of the gains. Meanwhile, preliminary data showed that the economy expanded 0.3 percent in November. source: Statistics Canada

Monthly GDP MoM in Canada averaged 0.20 percent from 1997 until 2021, reaching an all time high of 6.10 percent in June of 2020 and a record low of -11.20 percent in April of 2020. This page includes a chart with historical data for Canada Monthly GDP MoM. Canada Monthly GDP MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Monthly GDP MoM in Canada is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Monthly GDP MoM is projected to trend around 0.30 percent in 2022, according to our econometric models.

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Canada Monthly GDP MoM


Canada Monthly GDP MoM
In Canada, Monthly GDP MoM measures the change in the value of the goods and services produced by the country's economy compared to the previous month.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.20 6.10 -11.20 1997 - 2021 percent Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-11-30 01:30 PM Sep 0.1% 0.6% 0.1% 0.1%
2021-12-23 01:30 PM Oct 0.8% 0.2% 0.8% 0.8%
2022-02-01 01:30 PM Nov 0.8% 0.4% 0.3%


News Stream
Canada GDP Expands for 5th Month
The Canadian economy expanded 0.8% month-over-month in October of 2021, following a 0.2% growth in September and in line with market expectations. It was the fifth consecutive monthly expansion, as both goods-producing (+1.6%) and services-producing (+0.6%) industries were up, with 17 of 20 industrial sectors posting gains in October. Leading the growth were accommodation and food services, wholesale trade, construction and the arts and entertainment sectors, while the mining, quarrying, and oil and gas extraction sector offset some of the gains. Meanwhile, preliminary data showed that the economy expanded 0.3 percent in November.
2021-12-23
Canada GDP Expands in September
The Canadian economy expanded 0.1 percent month-over-month in September of 2021, from an upwardly revised 0.6 percent rise in the previous period and in line with market expectations of a 0.1 percent increase. Among the 20 sectors, 12 observed growth, led by service producing industries (0.4 percent) Additional upward pressure came from the public sector (0.6 percent) and the mining, quarrying, and oil and gas extraction sector (1.2 percent). On the other hand, higher expansion was capped by the manufacturing sector (-1.7 percent), largely due to the shortage in semiconductor chips. Meanwhile, preliminary data showed that the economy expanded 0.8 percent in October.
2021-11-30
Canada GDP Rebounds in August
The Canadian economy expanded 0.4 percent month-over-month in August of 2021, following a contraction of 0.1 percent in the previous period, supported by a continued easing of public health restrictions and further reopening across the country. Among the 20 industrial sectors, 15 observed growth, lead by accommodation services (11.3 percent), and food services & drinking places (5.4 percent). Meanwhile, preliminary data showed that the economic activity was unchanged in September of 2021, implying 0.5 percent growth during the third quarter.
2021-10-29