Canada GDP Expands Further

2026-06-30 12:37 By Andre Joaquim 1 min. read

The Canadian GDP is estimated to have expanded by 0.1% from the previous month in May of 2026 with support from finance and insurance, and real estate and leasing services, which were offset by declines in wholesale trade and agriculture, forestry, fishing, and hunting, according to preliminary data.

This would follow a 0.5% jump in April, revised higher from the preliminary estimate of 0.4%, to mark the sharpest increase in over three years.

This reflected fresh traction in a period of surging energy prices and lingering pressure from US tariffs, which drove the BoC to flag significant growth risks to Canada.

Mining, quarrying, and oil and as extraction expanded by 2.9% amid the increase in energy prices.

Growth was also notable transportation and warehousing (0.9%), accommodation and food services (1%), and in construction (0.7%), which rebounded from five months of declines.



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