Canada GDP grew 1.1% mom in March, above expectation of 1.0% mom. That’s the 11th consecutive monthly increase. Total economic activity was around -1% below the pre-pandemic level in February 2020.
Goods-producing industries grew 1.1% mom, while services-producing industries rose 1.1% mom. 18 of 20 industrial sectors posted increases.
Based on preliminary information, GDP has declined around -0.8% mom in April, the first fall since April 2020.
