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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Government Expense (% of GDP) held to 19.26 Percent in December 2023
World BankYearlyReleased December 2023
Canada Government Expense (% of GDP) held to 19.26 Percent in December 2023.
Latest Release
19.260313
Actual
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Consensus
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Previous
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Expense (% of GDP) (Canada) was reported at 19.26 Percent in December 2023. This is classified as a medium-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 20.00 Percent, down from the prior three at 21.41 Percent.
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 2023.
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Government Expense (% of GDP) - CA
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About Government Expense (% of GDP) — Canada
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
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.
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EXPECTED ZONE
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Economic Calendar - CA Events
| Monday, May 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Wholesale Sales MoM | 1.9 | 0.8 | 0.35 | Low | |
| Tuesday, May 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CA | Manufacturing Sales MoM | 3 | 1.4 | -0.45 | Low | |
| Wednesday, May 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CA | Wholesale Sales MoM | 1.9 | 0.8 | 0.35 | Low | |
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CA | Average Weekly Earnings | 3.4 | 2.1 | 2.10 | Low | |
| 12:30 | CA | Current Account | -0.7 | -3.4 | -3.40 | Medium | |