BREAKING: Canadian GDP slightly higher than expected 📌

01:30 PM GMT, Canada - GDP data:

GDP (Q4): actual 0.6% QoQ; previous 0.5% QoQ;
GDP (Q4): previous 1.49% YoY;
GDP: forecast 0.2% MoM; previous -0.2% MoM;
GDP Annualized (Q4): actual 2.6% QoQ; forecast 1.9% QoQ; previous 2.2% QoQ;
GDP Implicit Price (Q4): actual 0.90% QoQ; previous 0.60% QoQ;

The Canadian dollar is not reacting strongly to the release of GDP data, which is slightly above expectations. The Canadian economy is recording strong growth in the last quarter of 2024. However, the full attention of the markets is currently focused on the tariffs imposed by the US on imported goods from Canada, which may affect future releases.

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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