Statistics Canada to release GDP figures for the first quarter of 2023 today

Statistics Canada is set to release today its latest reading on how the economy fared in March, as well as for the first quarter of the year.

The federal agency's preliminary estimate suggested real gross domestic product grew at an annualized rate of 2.5 per cent during the first three months of 2023.

However, after posting slight growth in February, Statistics Canada's initial estimate released last month suggested the economy contracted by 0.1 per cent in March. 

The GDP report comes ahead of the Bank of Canada's interest rate decision next week.