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Data from Statistics Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada GDP Growth Rate QoQ climbed to 0.8% in Q2 2026
Statistics CanadaQuarterlyReleased August 2026
Canada GDP Growth Rate QoQ climbed to 0.8% in Q2 2026, released August 2026, up 0.7% from March's 0.1% reading. The reading matched the 0.8% consensus. GDP Growth Rate QoQ has now risen for 3 consecutive months. GDP Growth Rate QoQ is now the highest in 51 months.
Latest Release
0.8
Actual
0.8
Consensus
0.1
Previous
Median Absolute Error
±0.13 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.8
Actual: 0.8
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → 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 0.8% in August 2026. This matched the market consensus of 0.8% exactly. The reading rose from the previous value of 0.1%. Trailing 12-month context per ETL data through August 2026. This is classified as a high-impact indicator released on a quarterly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.2%, down from the prior three at 0.23%. In August 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 0.13%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Gross Domestic Product MoM (Oct 30) and S&P Global Manufacturing PMI (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update August 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 (Apr 2026): actual 0.8 %, consensus 0.8 %. Prior reading (Jan 2026): 0 %. Before that (Jan 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially 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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Economic Calendar - CA Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Average Weekly Earnings | 3.7 | 3.2 | 3.2 | 3.45 | Low |