- Analytics
- News and Tools
- Market News
- Canada’s economy expands 1.4 percent q-o-q in Q1
Canada’s economy expands 1.4 percent q-o-q in Q1
Statistics
Canada announced on Tuesday that the country’s gross domestic product (GDP) grew
1.1 percent m-o-m in March after a revised 0.4 m-o-m advance in February
(originally an increase of 0.4 percent m-o-m).
That
was slightly above economists’ forecast for a growth of 1.0 percent m-o-m.
In
the first quarter of 2021, the Canadian GDP grew 1.4 percent q-o-q, following a
revised 2.2 percent q-o-q gain in the fourth quarter of 2020 (originally a 2.3
percent q-o-q advance).
According
to the report, the q-o-q increase in GDP reflected the continued strength of
the economy, influenced by favourable mortgage rates, continued government
transfers to households and businesses, and an improved labour market. These
factors boosted the demand for housing investment, while rising input costs
heightened construction costs.
Expressed
at an annualized rate, Canada’s GDP expanded 5.6 percent in the first quarter
after a revised 9.3 percent jump in the previous quarter (originally a 9.6
percent surge). This was
worse than economists’ forecast of a 6.7 percent increase.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
