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Canada’s economy rebounds in third quarter with 2.6% growth
Growth driven by a 2.2% drop in imports, 0.2% rise in exports, and an 82% increase in government spending on weapon systems, offsetting household spending declines.
- On Nov. 28, 2025, Statistics Canada in Ottawa reported real GDP rose 0.6 per cent in the third quarter.
- A recovery followed the prior quarter's contraction, as exports edged up 0.2 per cent, imports fell 2.2 per cent, and government capital spending rose, including an 82 per cent jump in weapon-systems outlays.
- In September, StatCan found real GDP rose 0.2 per cent, led by manufacturing and a transportation and warehousing rebound after the Air Canada flight attendants strike; it used special trade estimates due to the U.S. government shutdown.
- The stronger-than-expected print means the Q3 result topped expectations and was well above the roughly 0.5 per cent economists and the Bank of Canada had forecast, arriving ahead of the Bank of Canada's Dec. 10 decision.
- Early October estimates suggest a downbeat Q4 start as Statistics Canada reports real GDP fell 0.3 per cent in October and expects revisions in December.
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Canada’s economy rebounds in third quarter with 2.6% growth
OTTAWA — The Canadian economy topped expectations with a sharp rebound in the third quarter as a stronger trade balance helped fuel the recovery from a tariff-driven contraction. Statistics Canada said Friday that real gross domestic product rose 2.
Canada’s economy rebounds in third quarter with 2.6% growth
OTTAWA — The Canadian economy topped expectations with a sharp rebound in the third quarter as a stronger trade balance helped fuel the recovery from a tariff-driven contraction. Statistics Canada said Friday that real gross domestic product rose 2.
·Barrie, Canada
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Total News Sources66
Leaning Left26Leaning Right3Center13Last UpdatedBias Distribution62% Left
Bias Distribution
- 62% of the sources lean Left
62% Left
L 62%
C 31%
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