ottawacanadas economy recovered in the first quarter rebounding strongly after stalling in the final three months of last year gross domestic product a broad measure of goods and services produced in the economy rose 31 at an annualized rate in the fourth quarter to 2203 trillion canadian dollars the equivalent of 162 trillion statistics canada said wednesday market expectations were for a 25 advance for the period according to economists at td securities canadas gdp edged down 01 in final quarter of 2022 from the quarter before revised slightly from unchanged industrylevel gdp data for march showed that the economy was essentially unchanged from the previous month modestly ahead of statistics canada advance estimate for gdp to have edged 01 lower for the month the data agency provided an early estimate for april that suggests that gdp increased 02 from march