<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>GDP growth stalls in the second quarter of 2025 in Scenario 1 and GDP contracts over the remainder of 2025 in Scenario 2</label>
    <description><![CDATA[Quarter-over-quarter percentage change at annual rates, quarterly data

Note: The assumptions and scenarios were finalized on April 11, 2025.

Sources: Statistics Canada and Bank of Canada calculations and estimates]]></description>
    <link>https://www.bankofcanada.ca/?p=245137</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2025M04_GDP_GROW_S1">
<label>Scenario 1</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_GDP_GROW_S2">
<label>Scenario 2</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_GDP_GROW_S3">
<label>January Report</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2024-01-01"><v s="MPR_2025M04_GDP_GROW_S2">1.83</v><v s="MPR_2025M04_GDP_GROW_S1">1.83</v><v s="MPR_2025M04_GDP_GROW_S3">2.04</v></o>
<o d="2024-04-01"><v s="MPR_2025M04_GDP_GROW_S1">2.77</v><v s="MPR_2025M04_GDP_GROW_S2">2.77</v><v s="MPR_2025M04_GDP_GROW_S3">2.21</v></o>
<o d="2024-07-01"><v s="MPR_2025M04_GDP_GROW_S3">1.03</v><v s="MPR_2025M04_GDP_GROW_S2">2.21</v><v s="MPR_2025M04_GDP_GROW_S1">2.21</v></o>
<o d="2024-10-01"><v s="MPR_2025M04_GDP_GROW_S3">1.75</v><v s="MPR_2025M04_GDP_GROW_S1">2.61</v><v s="MPR_2025M04_GDP_GROW_S2">2.61</v></o>
<o d="2025-01-01"><v s="MPR_2025M04_GDP_GROW_S3">2.00</v><v s="MPR_2025M04_GDP_GROW_S2">1.75</v><v s="MPR_2025M04_GDP_GROW_S1">1.75</v></o>
<o d="2025-04-01"><v s="MPR_2025M04_GDP_GROW_S3">2.01</v><v s="MPR_2025M04_GDP_GROW_S1">0.00</v><v s="MPR_2025M04_GDP_GROW_S2">-1.25</v></o>
<o d="2025-07-01"><v s="MPR_2025M04_GDP_GROW_S2">-2.02</v><v s="MPR_2025M04_GDP_GROW_S3">1.80</v><v s="MPR_2025M04_GDP_GROW_S1">1.52</v></o>
<o d="2025-10-01"><v s="MPR_2025M04_GDP_GROW_S2">-1.15</v><v s="MPR_2025M04_GDP_GROW_S1">1.24</v><v s="MPR_2025M04_GDP_GROW_S3">1.93</v></o>
<o d="2026-01-01"><v s="MPR_2025M04_GDP_GROW_S1">1.46</v><v s="MPR_2025M04_GDP_GROW_S2">-0.25</v><v s="MPR_2025M04_GDP_GROW_S3">1.95</v></o>
<o d="2026-04-01"><v s="MPR_2025M04_GDP_GROW_S3">1.80</v><v s="MPR_2025M04_GDP_GROW_S1">1.47</v><v s="MPR_2025M04_GDP_GROW_S2">0.92</v></o>
<o d="2026-07-01"><v s="MPR_2025M04_GDP_GROW_S2">1.17</v><v s="MPR_2025M04_GDP_GROW_S1">1.66</v><v s="MPR_2025M04_GDP_GROW_S3">1.49</v></o>
<o d="2026-10-01"><v s="MPR_2025M04_GDP_GROW_S2">1.38</v><v s="MPR_2025M04_GDP_GROW_S1">1.67</v><v s="MPR_2025M04_GDP_GROW_S3">1.42</v></o>
<o d="2027-01-01"><v s="MPR_2025M04_GDP_GROW_S1">1.85</v><v s="MPR_2025M04_GDP_GROW_S2">1.81</v></o>
<o d="2027-04-01"><v s="MPR_2025M04_GDP_GROW_S2">1.80</v><v s="MPR_2025M04_GDP_GROW_S1">1.82</v></o>
<o d="2027-07-01"><v s="MPR_2025M04_GDP_GROW_S2">1.66</v><v s="MPR_2025M04_GDP_GROW_S1">1.58</v></o>
<o d="2027-10-01"><v s="MPR_2025M04_GDP_GROW_S1">2.01</v><v s="MPR_2025M04_GDP_GROW_S2">2.06</v></o>
</observations>
</data>