FX.co ★ Canadian GDP Shows Significant Improvement in January 2024

The latest data update reveals that Canada's Gross Domestic Product (GDP) experienced a notable upturn in January 2024, with the indicator reaching 0.6%. This positive shift marks a significant improvement compared to the previous period when the GDP had dipped to -0.1% in January 2024. The month-over-month comparison highlights the turnaround in economic performance, reflecting a promising trajectory for Canada's financial landscape. As of 28th March 2024, the revised figures indicate a noticeable boost in economic activity, signaling a potential upswing in the country's overall economic prospects.