The Canadian market is up firmly in positive territory Thursday afternoon thanks to hectic buying in stocks from across several sectors. A preliminary estimate showing the Canadian GDP expanded in the first quarter despite a stall in March, and a drop in oil prices helped lift sentiment.
Canadian GDP expanded by 0.2% in February 2026 from the previous month, matching estimates, according to the data released by Statistics Canada. Advance data show real GDP was essentially unchanged in March, with the economy expected to grow 0.4% in Q1 2026.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.