US EditionCanada’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.
49 Articles
49 Articles
Midland Today
Economists warn surprise GDP growth in Q3 masks weakness in Canada's economy
OTTAWA — Canada's economy posted surprisingly strong growth in the third quarter, but economists looking underneath the hood offered a series of caveats that suggest weaker results than the headline figures imply.
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.
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 third-quarter annualised GDP surprises with growth of 2.6 percent
Canada’s economy grew at a much faster pace than expected in the third quarter as crude oil exports and government spending boosted economic activity, data shows, even as business investments and household consumption disappointed due to the lingering uncertainty over United States tariffs.Third-quarter annualised gross domestic product (GDP) grew 2.6 percent, Statistics Canada said on Friday, escaping what could have been a technical recession …
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