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.