April 02, 2026
Canada's gross domestic product edged up 0.1% in January
Statistics Canada announced that Canada's real gross domestic product (GDP) edged up 0.1% in January, following 0.2% growth in December, driven by strength in goods-producing industries.
In January, goods-producing industries expanded by 0.2% for the second month in a row, as gains in mining, quarrying, and oil and gas extraction, construction and utilities more than offset a contraction in manufacturing.
Meanwhile, services-producing industries were essentially unchanged in January, as increases in retail trade and finance and insurance were offset by declines in wholesale trade and transportation and warehousing. Overall, 9 of the 20 industrial sectors recorded growth in January.