About Crescimento do Produto Interno Bruto (GDP) (CAD)
Canada's Gross Domestic Product (GDP) measures the total inflation-adjusted value of all goods and services produced by the economy, released monthly. It is the broadest single gauge of economic health and is closely tracked by the Bank of Canada when setting monetary policy.
Why FX traders watch it
GDP is a primary driver of central bank rate decisions—strong growth raises the probability of tighter monetary policy, which tends to support the cad. Divergences in growth between two economies are a core foundation of FX fundamental analysis.
How to interpret the data
A print above consensus suggests the Canada economy is expanding faster than expected, which is broadly positive for the cad. A miss can fuel rate-cut expectations and weaken the currency. Revisions to prior quarters can be as market-moving as the headline release.
Historical Crescimento do Produto Interno Bruto (GDP) (CAD)
Optional upper bound. Defaults to the current date.
api_key
CONDITIONAL
string
Required for non-USD announcement requests. USD announcement requests are public without an API key.
Example Usage
To retrieve Crescimento do Produto Interno Bruto (GDP) data for CAD from 2023:
GET https://fxmacrodata.com/api/v1/announcements/cad/gdp?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY
Frequently Asked Questions
How often is Canada GDP released?
GDP for Canada is published on a monthly basis, typically with an advance estimate followed by revision rounds.
What unit is Canada GDP measured in?
The series is expressed in %MoM.
Who publishes Canada GDP data?
The official source is Bank of Canada or the national statistics agency. FXMacroData delivers this series with announcement timestamps via the /api/v1/announcements/cad/gdp endpoint.