Canadian GDP seen rebounding modestly in first quarter
Canada's GDP is expected to show modest growth in the first quarter of the year after a slight contraction in late 2025. Initial estimates indicate an annualized growth rate of 1.7 percent, although economists predict it may be slightly lower at 1.5 percent. The manufacturing sector contributed to growth in February, but overall output remains below last year's levels due to ongoing tariffs and seasonal maintenance issues.
- ▪Statistics Canada will release data on the economy's performance in the first quarter.
- ▪The economy is estimated to have grown at an annualized pace of 1.7 percent in the first quarter.
- ▪The manufacturing sector led growth in February, but overall output is still below year-ago levels.
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| Original publisher | The Globe and Mail |
| Canonical URL | https://www.theglobeandmail.com/business/economy/article-canada-gdp-first-quarter-2026/ |
| Publication time | Fri, 29 May 2026 10:48:34 +0000 |
| Retrieval time | 2026-05-29T10:55:00.332Z |
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Open this photo in gallery:A pumpjack draws out oil and gas from a well head near Calgary, Alta.Jeff McIntosh/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountStatistics Canada will reveal this morning how ongoing tariffs and the start of the Iran war affected the economy in the first quarter of the year.The agency’s initial estimates suggest the economy rebounded somewhat after a mild contraction in the final quarter of 2025.Statscan estimated last month that the economy grew at an annualized pace of 1.7 per cent in the first quarter, while a Reuters poll of economists expects growth was a bit below that mark at 1.5-per-cent annualized.Statscan said the economy was growing modestly in January and February but its flash estimate for March…
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