Canada’s GDP just fell. The bigger story is ‘beneath the hood’: experts:
Canada's Gross Domestic Product, a measure of economic output, showed a third straight ...
globalnews.ca/news/11355608/canada-gdp-june-2025/
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Canada’s Economy Faces Mixed Signals in Q2 2025GDP fell 1.6% year-over-year in Q2 2025, while consumer spending rose 4.5%, influencing Bank of Canada’s upcoming rate decision.
Key FactsAug 29, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: globalnews.ca
Summary created with AI assistance · Source: globalnews.ca
- Canada’s GDP declined for the third consecutive month in June 2025, resulting in a 1.6% decrease in economic output for the second quarter compared to the previous year.
- Ongoing trade tensions caused a major export shock and weakened investment, dampening business confidence.
- Despite the headline contraction, final domestic demand grew in Q2, with consumer spending up 4.5% and housing investment increasing by 6.3%.
- The Bank of Canada is expected to weigh these nuanced economic indicators carefully when deciding on interest rates in September.
GDP is being wildly distorted by tariff front-running and unwinding effects in trade and inventory numbers and so it's important to smooth them out over time while remaining cautious toward the path ahead, says Holt.— Derek Holt, vice president and head of Capital Markets Economics at the Bank of Nova Scotia, in an emailed statement.
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The Globe and Mail Aug 29 25
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May 21, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: theglobeandmail.com
Summary created with AI assistance · Source: theglobeandmail.com
- Canada is expected to experience negative GDP growth in the second and third quarters of 2024, signaling a recession.
- Over 70,000 private sector jobs have already been lost, with an additional 100,000 job cuts forecasted soon.
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- A new trade agreement expected by late 2024 may reduce tariffs and help stabilize economic growth in 2025.
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Mar 10, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: newsweek.com
Summary created with AI assistance · Source: newsweek.com
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