Economic
Canada reports modest GDP growth in early 2026
Statistics Canada releases preliminary data showing Canada's economy grew slightly in the first weeks of March 2026, boosted by services and construction but restrained by trade uncertainty and housin
Statistics Canada published early‑month data indicating that Canada's real GDP advanced modestly in the opening weeks of March 2026, extending a fragile recovery after a soft start to the year. The gain was driven by stronger output in services industries and residential construction, while manufacturing and export‑oriented sectors remained under pressure from lingering U.S. tariffs and weaker demand. Labour markets held steady, with the unemployment rate near 5.9%, but wage growth moderated, easing inflation‑pressure worries. The Bank of Canada is expected to keep its policy rate on hold at 2.75% when it meets later in March, as policymakers weigh the risk that trade uncertainty and falling housing investment could weigh on growth.
- Status
- active
- Location
- Canada
- Date added
- 2026-03-26 08:44 UTC
- Last updated
- 2026-03-26 08:44 UTC
- Source
- Statistics Canada
- Connected threats
- Not provided