Canada GDP Seen Contracting in October

2025-11-28 13:44 By Felipe Alarcon 1 min. read

The Canadian GDP contracted by 0.3% from the previous month in October of 2025, according to a flash estimate.

The decline would more than offset the upwardly revised 0.2% increase in September, to match August’s sharpest monthly contraction in the Canadian economy since December of 2022.

Output from goods-producing industries weakened in October as decreases in manufacturing and oil and gas extraction subtracted from growth, even though mining, quarrying and support services rose.

Services output also fell, weighed by a decline in educational services and softer activity in some service subsectors, while transportation and warehousing had rebounded in September thanks to a strong air-transportation recovery.

Wholesale trade had expanded in September, but retail trade contracted in September.

From the previous year, real GDP was up 0.5% in the third quarter.



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