Canada’s economy expanded 0.8% in the second quarter of 2026, following an upwardly revised 0.1% increase in the previous three-month period, driven by stronger exports, household spending and business capital investment. Exports rose 3.6%, the largest increase since Q1 2023, led by a 27.0% jump in passenger cars and light trucks as Canadian auto production rebounded. Higher exports of metals, energy products, and industrial machinery and equipment also supported growth. Household spending rose 0.8%, led by higher spending on investment services, passenger vehicles and rent. Business investment strengthened, with engineering structures up 2.3% and machinery and equipment spending reaching its highest level since Q2 2024. Investment in computers and peripherals surged 16.7%, mainly due to higher imports of processing units used in data centres. On an annualized basis, the economy grew 3.3%, the fastest pace since Q3 2024 and broadly in line with market expectations of 3.4%. source: Statistics Canada

The Gross Domestic Product (GDP) in Canada expanded 0.80 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Canada averaged 0.76 percent from 1961 until 2026, reaching an all time high of 9.10 percent in the third quarter of 2020 and a record low of -11.00 percent in the second quarter of 2020. This page provides - Canada GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

The Gross Domestic Product (GDP) in Canada expanded 0.80 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Canada is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada GDP Growth Rate is projected to trend around 0.60 percent in 2027 and 0.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-29 12:30 PM
QoQ
Q1 0% -0.2% 0.1%
2026-08-28 12:30 PM
QoQ
Q2 0.8% 0.1% 0.8%
2026-11-30 01:30 PM
QoQ
Q3 0.8% 0.1%


Related Last Previous Unit Reference
GDP Annual Growth Rate 1.10 0.10 percent Jun 2026
GDP Constant Prices 2524127.00 2503604.00 CAD Million Jun 2026
GDP from Agriculture 44330.00 44461.00 CAD Million Jun 2026
GDP from Construction 169534.00 169106.00 CAD Million Jun 2026
GDP from Manufacturing 202428.00 201269.00 CAD Million Jun 2026
GDP from Mining 123779.00 124509.00 CAD Million Jun 2026
GDP from Public Administration 171853.00 170661.00 CAD Million Jun 2026
GDP from Services 1778881.00 1771719.00 CAD Million Jun 2026
GDP from Transport 107405.00 107171.00 CAD Million Jun 2026
GDP from Utilities 48073.00 48616.00 CAD Million Jun 2026
GDP Growth Rate Annualized 3.30 0.30 percent Jun 2026
GDP Growth Rate 0.80 0.10 percent Jun 2026
Gross Fixed Capital Formation 534210.00 527399.00 CAD Million Jun 2026
Gross National Product 3379468.00 3267564.00 CAD Million Jun 2026


Canada GDP Growth Rate
Canada's economy is diversified and highly developed. Foreign trade is responsible for about 45 percent of the nation's GDP and the United States is by far the largest trade partner. On the expenditure side, household consumption is the main component of GDP and accounts for 58 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (19 percent). Exports of goods and services account for 32 percent of GDP while imports account for 33 percent, subtracting 1 percent of total GDP. Non-profit institutions serving households' final consumption expenditure and investment in inventories account for the remaining 2 percent.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.10 9.10 -11.00 1961 - 2026 percent Quarterly

News Stream
Canada’s Economy Accelerates in Q2 2026
Canada’s economy expanded 0.8% in the second quarter of 2026, following an upwardly revised 0.1% increase in the previous three-month period, driven by stronger exports, household spending and business capital investment. Exports rose 3.6%, the largest increase since Q1 2023, led by a 27.0% jump in passenger cars and light trucks as Canadian auto production rebounded. Higher exports of metals, energy products, and industrial machinery and equipment also supported growth. Household spending rose 0.8%, led by higher spending on investment services, passenger vehicles and rent. Business investment strengthened, with engineering structures up 2.3% and machinery and equipment spending reaching its highest level since Q2 2024. Investment in computers and peripherals surged 16.7%, mainly due to higher imports of processing units used in data centres. On an annualized basis, the economy grew 3.3%, the fastest pace since Q3 2024 and broadly in line with market expectations of 3.4%.
2026-08-28
Canada GDP Unexpectedly Stalls
The Canadian GDP stalled in the first quarter of 2026, holding the 0.2% contraction from the last quarter of 2025, and contrasting with market expectations that it would expand by 0.3%. Consumption expenditure inched higher by 0.2%, slowing from the 0.7% jump in the previous period, with household consumption rising by 0.4% to offset a 0.2% drop in government expenditure. In turn, gross fixed capital formation contracted by 1.1%, the first drop in one year. In turn, the GDP was pressured significantly by a 2.9% increase in imports, particularly for gold and scrap metal. Meanwhile, exports fell by 0.1% despite the surging oil and gas prices during March due to the outbreak of war in the Middle East. Much of the gold imported, in addition to manufactured goods were added to inventory, preventing a second contraction in the Canadian GDP. In annualized terms, Canada's GDP inched lower by 0.1%.
2026-05-29
Canada GDP Contracts by 0.2% in Q4
The Canadian GDP declined by 0.2% in the fourth quarter of 2025, following a rise of 0.6% in the previous period. The contraction was driven by a withdrawal of business inventories, as imports edged up (+0.3%) and exports rose (+1.5%). Increased capital investment was driven by government investment in weapons systems, supported by a substantial 45.9% annual rise in expenditures on these systems. Governments likewise increased investment in engineering structures, with notable contributions to GDP growth for the third consecutive year. Meanwhile, business capital investment edged down 0.1%. By contrast, both household consumption (+0.4%) and government capital investment increased, while inventory accumulation turned into withdrawals. On an annual basis, the Canadian GDP grew by 1.7% in 2025, slowing from the previous year’s pace and marking the weakest growth since 2020.
2026-02-27