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Canada Gross domestic product by industry, March 2026
Real gross domestic product (GDP) edged down 0.1% in March, partially offsetting February's increase (+0.2%) and driven by contractions in goods-producing industries. Goods-producing industries contracted 0.8% in March, more than offsetting February's expansion. This was the fifth decline in the last six months. The decrease in March was in large part a reflection of lower activity in the mining, quarrying, and oil and gas extraction sector and in the construction sector. Services-producing industries tempered the decline, edging up 0.1% in March, led by an increase in wholesale trade. Overall, 8 of the 20 industrial ... (full story)
Added at 7:41am
- Canada Dips Into Technical Recession for First Time Since 2020
- The Canadian economy edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter.
-Real gross domestic product fell by 0.1% on an annualized basis during the first three months of the year, following a 1% contraction in the fourth quarter.
-The weaker-than-expected GDP data coincides with a looser job market, painting a softer picture of the Canadian economy as US tariffs continue to squeeze some businesses.
Z22 @Z22Holding Canada's economy is soooo weak
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From kitco.com | May 29, 2026
Canada's economy posted a surprise contraction in the first quarter versus the year before, making it two straight quarters of annualized decline - which some economists call a technical recession - as the country struggles with U.S. tariff uncertainty. Gross domestic product declined at an annualized rate of 0.1% in the first quarter, Statistics Canada ...
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