<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>GDP growth is projected to rise above potential output growth</label>
    <description><![CDATA[Year-over-year percentage change, quarterly data

Statistics Canada and Bank of Canada calculations, estimates and projections]]></description>
    <link>https://www.bankofcanada.ca/?p=243335</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2025M01_POT_GROWTH_S1">
<label>GDP</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M01_POT_GROWTH_S2">
<label>Potential output</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2023-07-01"><v s="MPR_2025M01_POT_GROWTH_S1">0.89</v><v s="MPR_2025M01_POT_GROWTH_S2">2.34</v></o>
<o d="2023-10-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.21</v><v s="MPR_2025M01_POT_GROWTH_S2">2.62</v></o>
<o d="2024-01-01"><v s="MPR_2025M01_POT_GROWTH_S2">2.78</v><v s="MPR_2025M01_POT_GROWTH_S1">0.75</v></o>
<o d="2024-04-01"><v s="MPR_2025M01_POT_GROWTH_S2">2.66</v><v s="MPR_2025M01_POT_GROWTH_S1">1.09</v></o>
<o d="2024-07-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.49</v><v s="MPR_2025M01_POT_GROWTH_S2">2.52</v></o>
<o d="2024-10-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.76</v><v s="MPR_2025M01_POT_GROWTH_S2">2.10</v></o>
<o d="2025-01-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.75</v><v s="MPR_2025M01_POT_GROWTH_S2">1.66</v></o>
<o d="2025-04-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.70</v><v s="MPR_2025M01_POT_GROWTH_S2">1.54</v></o>
<o d="2025-07-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.89</v><v s="MPR_2025M01_POT_GROWTH_S2">1.46</v></o>
<o d="2025-10-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.94</v><v s="MPR_2025M01_POT_GROWTH_S2">1.46</v></o>
<o d="2026-01-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.92</v><v s="MPR_2025M01_POT_GROWTH_S2">1.43</v></o>
<o d="2026-04-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.87</v><v s="MPR_2025M01_POT_GROWTH_S2">1.38</v></o>
<o d="2026-07-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.79</v><v s="MPR_2025M01_POT_GROWTH_S2">1.41</v></o>
<o d="2026-10-01"><v s="MPR_2025M01_POT_GROWTH_S1">1.66</v><v s="MPR_2025M01_POT_GROWTH_S2">1.40</v></o>
</observations>
</data>