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Scotiabank Previews Friday's GDP Data in Canada

BY MT Newswires | ECONOMIC | 08/29/25 08:06 AM EDT

08:06 AM EDT, 08/29/2025 (MT Newswires) -- Canada updates gross domestic product figures and important details like final domestic demand at 8:30 a.m. ET on Friday, noted Scotiabank.

The data deluge on the path to the Sept. 17th Bank of Canada decision starts now, then jobs next week, then consumer price index.

Q2 is expected to post a mild contraction at 0.7% quarter-over-quarter SAAR for the consensus or 0.3% for Scotiabank, but volatility in tariff front-running effects over H1 requires looking at the core domestic economy, with final domestic demand expected to perform better, partly as interest-sensitive spending picks up, stated the bank.

FDD was surging for several quarters and then went flat in Q1. June GDP was guided by Statistics Canada to be up 0.1% month-over-month seasonally adjusted, but data since that flash estimate a month ago might add a bit (Scotiabank sees 0.2%).

July's flash GDP estimate will be fresh information amid mixed readings, as hours worked slipped, but other readings were stronger, added the bank.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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