Canada's quarterly GDP growth rate measures the percentage change in real output from the prior quarter, published by the national statistics office. It is the most widely cited short-run growth indicator for Canada.
Why FX traders watch it
Quarter-on-quarter GDP growth directly informs the Bank of Canada's assessment of spare capacity in the Canada economy. Two consecutive negative prints define a technical recession, an event that can trigger a sustained shift in cad positioning.
How to interpret the data
A quarter-on-quarter rate above market expectations generally supports the cad, while a miss or contraction increases the likelihood of accommodative policy and can weigh on the exchange rate.
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 GDP Mẹ́rin-Mẹ́rin Ọdún data for CAD from 2023:
GET https://fxmacrodata.com/api/v1/announcements/cad/gdp_quarterly?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY
Frequently Asked Questions
What is the difference between GDP and quarterly GDP?
The 'gdp' series typically refers to the level (e.g. billions of %QoQ), while 'gdp_quarterly' is the percentage change from the prior quarter—the figure most quoted in headlines.