<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 11: US trade restrictions are expected to have a lasting negative impact on the Canadian economy</label>
    <description><![CDATA[Level of GDP, index: 2024Q4 = 100, quarterly data

Sources: Statistics Canada and Bank of Canada calculations, estimates and projections]]></description>
    <link>https://www.bankofcanada.ca/?p=250907</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2026M01_GDP_TARIFF_S1">
<label>January 2026 Report</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2026M01_GDP_TARIFF_S2">
<label>January 2025 Report</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2024-01-01"><v s="MPR_2026M01_GDP_TARIFF_S2">98.8</v><v s="MPR_2026M01_GDP_TARIFF_S1">97.7</v></o>
<o d="2024-04-01"><v s="MPR_2026M01_GDP_TARIFF_S1">98.5</v><v s="MPR_2026M01_GDP_TARIFF_S2">99.3</v></o>
<o d="2024-07-01"><v s="MPR_2026M01_GDP_TARIFF_S2">99.6</v><v s="MPR_2026M01_GDP_TARIFF_S1">99.3</v></o>
<o d="2024-10-01"><v s="MPR_2026M01_GDP_TARIFF_S2">100.0</v><v s="MPR_2026M01_GDP_TARIFF_S1">100.0</v></o>
<o d="2025-01-01"><v s="MPR_2026M01_GDP_TARIFF_S1">100.5</v><v s="MPR_2026M01_GDP_TARIFF_S2">100.5</v></o>
<o d="2025-04-01"><v s="MPR_2026M01_GDP_TARIFF_S1">100.1</v><v s="MPR_2026M01_GDP_TARIFF_S2">101.0</v></o>
<o d="2025-07-01"><v s="MPR_2026M01_GDP_TARIFF_S2">101.5</v><v s="MPR_2026M01_GDP_TARIFF_S1">100.7</v></o>
<o d="2025-10-01"><v s="MPR_2026M01_GDP_TARIFF_S2">101.9</v><v s="MPR_2026M01_GDP_TARIFF_S1">100.7</v></o>
<o d="2026-01-01"><v s="MPR_2026M01_GDP_TARIFF_S2">102.4</v><v s="MPR_2026M01_GDP_TARIFF_S1">101.2</v></o>
<o d="2026-04-01"><v s="MPR_2026M01_GDP_TARIFF_S2">102.9</v><v s="MPR_2026M01_GDP_TARIFF_S1">101.5</v></o>
<o d="2026-07-01"><v s="MPR_2026M01_GDP_TARIFF_S2">103.3</v><v s="MPR_2026M01_GDP_TARIFF_S1">101.8</v></o>
<o d="2026-10-01"><v s="MPR_2026M01_GDP_TARIFF_S2">103.6</v><v s="MPR_2026M01_GDP_TARIFF_S1">102.2</v></o>
<o d="2027-01-01"><v s="MPR_2026M01_GDP_TARIFF_S1">102.5</v></o>
<o d="2027-04-01"><v s="MPR_2026M01_GDP_TARIFF_S1">102.9</v></o>
<o d="2027-07-01"><v s="MPR_2026M01_GDP_TARIFF_S1">103.4</v></o>
<o d="2027-10-01"><v s="MPR_2026M01_GDP_TARIFF_S1">103.9</v></o>
</observations>
</data>