Statistics Canada to release GDP figures for March and Q1 today

Statistics Canada will release this morning its reading on how the economy fared in the first three months of the year.

The agency will publish its real gross domestic product figures for March and the first quarter as a whole.

The report is the last major economic data point before the Bank of Canada's interest rate decision set for next week.

Central bank governor Tiff Macklem has said a rate cut is within the realm of possibilities, but that the decision will be based on the economic data.