<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 24: In an illustrative scenario, GDP growth is stronger over the medium term, reflecting increased domestic demand and energy exports - b. Level of GDP, index: 2025Q1 = 100</label>
    <description><![CDATA[Quarterly data

Note: The Bank of Canada developed an illustrative scenario in which oil prices remain at US$100 per barrel beyond the projection horizon.

Sources: Statistics Canada and Bank of Canada calculations, estimates and projections]]></description>
    <link>https://www.bankofcanada.ca/?p=252550</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2026M04_SCENARIO_LEVEL_S1">
<label>Base-case projection</label>
<description>Base-case projection</description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2026M04_SCENARIO_LEVEL_S2">
<label>Illustrative scenario with persistently higher energy prices</label>
<description>Illustrative scenario with persistently higher energy prices</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2025-01-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">100.0</v></o>
<o d="2025-04-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">99.8</v></o>
<o d="2025-07-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">100.4</v></o>
<o d="2025-10-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">100.2</v></o>
<o d="2026-01-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S2">100.6</v><v s="MPR_2026M04_SCENARIO_LEVEL_S1">100.6</v></o>
<o d="2026-04-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">101.0</v><v s="MPR_2026M04_SCENARIO_LEVEL_S2">100.9</v></o>
<o d="2026-07-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">101.4</v><v s="MPR_2026M04_SCENARIO_LEVEL_S2">101.5</v></o>
<o d="2026-10-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">102.0</v><v s="MPR_2026M04_SCENARIO_LEVEL_S2">102.0</v></o>
<o d="2027-01-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">102.4</v><v s="MPR_2026M04_SCENARIO_LEVEL_S2">102.4</v></o>
<o d="2027-04-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">102.7</v><v s="MPR_2026M04_SCENARIO_LEVEL_S2">102.8</v></o>
<o d="2027-07-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S2">103.2</v><v s="MPR_2026M04_SCENARIO_LEVEL_S1">103.0</v></o>
<o d="2027-10-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S2">103.7</v><v s="MPR_2026M04_SCENARIO_LEVEL_S1">103.4</v></o>
<o d="2028-01-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S2">104.1</v><v s="MPR_2026M04_SCENARIO_LEVEL_S1">103.8</v></o>
<o d="2028-04-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S2">104.5</v><v s="MPR_2026M04_SCENARIO_LEVEL_S1">104.3</v></o>
<o d="2028-07-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S2">105.0</v><v s="MPR_2026M04_SCENARIO_LEVEL_S1">104.8</v></o>
<o d="2028-10-01"><v s="MPR_2026M04_SCENARIO_LEVEL_S1">105.4</v><v s="MPR_2026M04_SCENARIO_LEVEL_S2">105.6</v></o>
</observations>
</data>