Timely data to make sense of business environment

In an age of economic uncertainty, having access to real-time data can help businesses make sense of shifting conditions. That’s how a new tool from the Canadian Chamber can provide insight between gaps in official reporting.

BDLNow adjusts its estimate based on recently released high-frequency economic indicators. The tool generates an estimate of Canada’s GDP growth rate for the present quarter as well as for the previous quarter, months ahead of Statistics Canada’s official data release.

Unlike a forecast, the nowcast is purely model-driven, which makes it dynamic and versatile and provides leading accuracy as new economic data becomes available.

Check out BDLNow