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The Canadian economy advanced 0.9 percent on quarter in the three months to June 2019, easing from a 0.1 percent expansion in the previous period. It was the strongest growth rate since the second quarter of 2017, as exports rose while domestic demand declined. Expressed at an annualized rate, real GDP expanded 3.7 percent in the second quarter, faster than a 0.5 percent growth in the first three months of the year and beating market forecasts of 3 percent.

The Canadian economy advanced 0.1 quarter-on-quarter in the first quarter of 2019, the same growth rate as the fourth quarter of 2018 which is the lowest since Q2 2016. The expansion was driven by household spending and fixed investment but moderated by declines in exports and housing investment. Expressed at an annualized rate, real GDP increased 0.4 percent in the first quarter, above a downwardly revised 0.3 percent growth in the previous period but below market expectations of 0.7 percent.

The Canadian economy advanced 0.1 percent quarter-on-quarter in the fourth quarter of 2018, slowing from a 0.5 percent expansion in the previous period. It was the weakest growth rate since the second quarter of 2016, as real gross national income fell, largely owing to lower export prices of crude oil and crude bitumen and final domestic demand shrank. Expressed as an annualized rate, the GDP expanded 0.4 percent, following a 2 percent gain in the third quarter and well below market expectations of 1.2 percent. Considering full 2018, the economy grew 1.8 percent easing from a 3.0 percent in 2017.