The Canadian economy expanded 0.3 percent month-over-month in December of 2019, higher than 0.1 percent in November and market forecasts of 0.1 percent. It is the strongest monthly growth rate since May of 2019, as both goods-producing and services-producing industries grew. Transportation and warehousing rose 1.5 percent, the largest increase since March, as production resumed following a strike in CN and November's closure of the Keystone pipeline. The mining, quarrying, and oil and gas extraction sector was up 1.3 percent, partially offsetting November's 1.6 percent contraction; the finance and insurance sector increased 0.7 percent, the largest gain since March; the manufacturing sector expanded 0.4 percent, following three consecutive monthly declines; wholesale trade rose 0.8 percent; and construction edged up 0.2 percent. Considering full 2019, the value-added of services-producing industries grew 2.5 percent, while goods-producing industries were down 0.9 percent.

Leading Economic Index in Canada averaged 0.20 percent from 1997 until 2019, reaching an all time high of 1.20 percent in September of 2003 and a record low of -1.40 percent in December of 2008. This page provides the latest reported value for - Canada GDP MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Statistics Canada

Leading Economic Index in Canada is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Canada to stand at 0.20 in 12 months time. In the long-term, the Canada GDP MoM is projected to trend around 0.40 percent in 2021, according to our econometric models.


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Canada GDP MoM

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.10 1.20 -1.40 1997 - 2019 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 01:30 PM Sep 0.1% 0.1% 0.1% -0.1%
2019-12-23 01:30 PM Oct -0.1% 0.1% 0.1% 0.2%
2020-01-31 01:30 PM Nov 0.1% -0.1% 0% 0.1%
2020-02-28 01:30 PM Dec 0.3% 0.1% 0.1% 0.1%
2020-03-31 12:30 PM Jan 0.3%
2020-04-30 12:30 PM Feb
2020-06-01 12:30 PM Mar 0.3%
2020-06-29 12:30 PM Apr


News Stream
Canada GDP Grows 0.3% in December
The Canadian economy expanded 0.3 percent month-over-month in December of 2019, higher than 0.1 percent in November and market forecasts of 0.1 percent. It is the strongest monthly growth rate since May of 2019, as both goods-producing and services-producing industries grew. Transportation and warehousing rose 1.5 percent, the largest increase since March, as production resumed following a strike in CN and November's closure of the Keystone pipeline. The mining, quarrying, and oil and gas extraction sector was up 1.3 percent, partially offsetting November's 1.6 percent contraction; the finance and insurance sector increased 0.7 percent, the largest gain since March; the manufacturing sector expanded 0.4 percent, following three consecutive monthly declines; wholesale trade rose 0.8 percent; and construction edged up 0.2 percent. Considering full 2019, the value-added of services-producing industries grew 2.5 percent, while goods-producing industries were down 0.9 percent.
2020-02-28
Canada Economic Activity Recovers in November
The Canadian economy expanded 0.1 percent month-over-month in November of 2019, after shrinking 0.1 percent in the previous month and beating market expectations of a flat reading. Goods-producing industries rose 0.1 percent, after contracting for two consecutive months, mostly driven by utilities (+2.1%), due to unseasonably cold weather in central Canada and construction (+0.5%); while manufacturing output showed no growth and both agriculture, forestry, fishing & hunting (-0.3%) and mining & quarrying (-1.4%) declined. Additionally, services-producing industries advanced 0.1 percent, boosted by retail trade (+0.5%); accommodation &food services (+0.4%); real estate, and rental & leasing (+0.2%); educational services (+0.3%); health care & social assistance (+0.2%); and professional, scientific & technical services (+0.1%). In contrast, transportation & warehousing sectors dropped 0.9 percent, partly due to disruptions in rail transportation service.
2020-01-31
Canada GDP Unexpectedly Shrinks 0.1% MoM in October
The Canadian economy contracted 0.1% month-over-month in October of 2019, after a 0.1 percent growth in September, while markets had expected it to grow 0.1%. It was the first decline in eight months, as the output of goods-producing industries shrank 0.5 percent, driven by declines in the manufacturing sector (-1.4%). Meantime, Services-producing industries were essentially unchanged as increases in most sectors compensated for declines in wholesale trade and retail trade.
2019-12-23
Canadian Economy Expands 0.1% in September
The Canadian economy advanced 0.1% mom in September of 2019, the same as in August and in line with market expectations. The wholesale trade sector rose 0.9%, largely offsetting the 1.2% contraction in August. There were increases in six of the nine subsectors, led by a 3.1% rise in the wholesaling of machinery, equipment and supplies. The construction sector was up 0.6% in September with increases in all of its subsectors. The mining, quarrying and oil and gas extraction sector edged up 0.2% in September. Oil and gas extraction increased 0.4%, following two months of decline. In contrast, rail transportation went down 7.2%, amid trade-related declines in the production of potash and iron ore; and manufacturing contracted 0.2% in September, the third decrease in four months.
2019-11-29

Canada GDP MoM
In Canada, Leading Economic Index refers to GDP Growth MoM which measures the change in the value of the goods and services produced by the country economy compared to the previous month.