Canadian Q1 GDP increased 0.4% but details stronger

Details were firmer and a 0.5% surge in March GDP bodes well for a return to stronger growth rates in Q2. Much of the softness in Q1 can still be traced to disruptions to oil & gas activity in the wake of lower prices last year and mandated production cuts in Alberta. Excluding the oil & gas sector, output rose by ~1½% in Q1 and that was despite a big weather-related dip in output in February. A 0.5% surge in GDP on a monthly basis in March is right in line with calls for a pickup in growth in Q2 – leaving if anything some near-term upside risk to our own call for a 2.2% increase

View Full Report about Canadian Q1 2019 GDP


Recent Updates

Release Date Report Name Download
Report Name Download

Free Economic Alerts

Receive an email alert as soon as this publication goes live on the RBC Economic Research site. This free service is reserved for RBC clients and staff.

Subscribe Now to Free Economic Alerts