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Data from Statistics Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada GDP Growth Rate QoQ climbed to 0.0% in Q1 2026
Statistics CanadaQuarterlyReleased May 2026
Canada GDP Growth Rate QoQ climbed to 0.0% in Q1 2026, released May 2026, up 0.2% from December's -0.2% reading. The reading missed the 0.1% consensus by 0.1%. The print is running well below the 12-month average of 0.25%.
Latest Release
0
Actual
0.1
Consensus
-0.2
Previous
Median Absolute Error
±0.17 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 0.1
Actual: 0
Error: +0.1
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 Growth Rate QoQ (Canada) was reported at 0% in May 2026. This missed the market consensus of 0.1% by 0.1%. The reading rose from the previous value of -0.2%. Trailing 12-month context per ETL data through May 2026. This is classified as a high-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 0.13%, down from the prior three at 0.23%. In May readings over the past 3 years, GDP Growth Rate QoQ has averaged 0.3%.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 0.18%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 9) and BoC Interest Rate Decision (Jun 10).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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GDP Growth Rate QoQ - CA
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About GDP Growth Rate QoQ — Canada
DEFINITION
The GDP Growth Rate QoQ (Quarter over Quarter) is a key economic indicator that measures the percentage change in a country's gross domestic product from one quarter to the next. It provides valuable insight into the overall health and growth of the economy, and is closely monitored by investors, policymakers, and businesses to make informed decisions. A positive GDP Growth Rate QoQ indicates a growing economy, while a negative rate suggests a decline. This indicator is an important tool for assessing the current state and predicting future trends of a country's economy.
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 quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 0 %, consensus 0.1 %. Prior reading (Jan 2026): 0 %. Before that (Jan 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.