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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada GDP (current US$) fell to 2,140,085,567,791.4 USD Billions in January 2023
World BankYearlyReleased January 2023
Canada GDP (current US$) fell to 2,140,085,567,791.4 USD Billions in January 2023, down 21,397,801,630.6 USD Billions from December's 2,161,483,369,422 USD Billions reading.
Latest Release
2140085567791.40
Latest (2023)
2161483369422
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP (Current US$) (Canada) was reported at 2,243,636,826,633.76 USD in December 2024. The reading rose from the previous value of 2,173,339,670,064.33 USD. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 2,202,462,525,610.80 USD, up from the prior three at 1,807,262,887,365.31 USD.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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GDP (current US$) - CA
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About GDP (current US$) — Canada
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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