Statistics Canada is releasing Canadian real gross domestic product figures for April at 8.30 am today and BMO Capital Markets is calling for a 0.3% expansion for the month of April, the bank said in a note.
According to senior economist Shelly Kaushik, the 0.3% expansion in real GDP for April, is "a tenth softer" than StatCan's flash estimate but would still be the highest monthly growth rate since July 2025.
Despite solid manufacturing volumes, and increased activity in other sectors such as mining and oil and gas and transportation and warehousing as indicated by StatsCan, downside risks persist.
"Overall, a decent result would suggest better underlying momentum in the economy after the modest contraction in Q1," BMO said.