Central Banks
Canada’s Economy on Track for 1.7% Growth as Factories Recover
Durable goods manufacturing, which increased by 3.6%, led the expansion.
Photographer: Renaud Philippe/BloombergThe Canadian economy bounced back in the first quarter after a softer end to 2025, with growth driven by an expansion in goods-producing industries.
Real gross domestic product in the first quarter is on track for a 1.7% annualized increase, with the economy expanding by 0.2% in February and a preliminary estimate suggesting it was flat in March, according to industry-based data released by Statistics Canada on Thursday.