Canada: Annualized real GDP expands 3.1% in Q1 vs. 2.5% expected

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Canada: Annualized real GDP expands 3.1% in Q1 vs. 2.5% expected
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Canada: Annualized real GDP expands 3.1% in Q1 vs. 2.5% expected – by eren_fxstreet Canada USDCAD

USD/CAD stays in positive territory above 1.3600 after the data. grew at an annual rate of 3.1% in the first quarter, Statistics Canada reported on Wednesday. This reading followed the 0.1% contraction recorded in the last quarter of 2022 and came in better than the market expectation for an expansion of 2.5%.

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