Real gross domestic product (GDP) rose 0.2% in December, driven by increases in both services-producing and goods-producing industries. Services-producing industries drove the expansion in December, rising 0.2%, led by increases in wholesale trade, public sector and transportation and warehousing. Goods-producing industries increased 0.2%, driven by increases in manufacturing and utilities. Overall, 11 of the 20 industrial sectors grew in December. The manufacturing sector rose 1.2% in December, partially offsetting the back-to-back monthly declines in October and November, with expansions in durable-goods and ... (full story)

Canada’s economy shrank 0.6 per cent at an annualized rate in the fourth quarter of 2025, Statistics Canada said on Friday, as businesses drew down on existing inventories rather than producing more. Analysts had expected real gross domestic product (GDP) for the quarter to shrink by 0.4 per cent, according to consensus estimates published by CIBC Economics. The Bank of Canada expected flat growth for the quarter, according to projections in its January Monetary Policy Report. For all of 2025, Canada's economy expanded by 1.7 per cent, the slowest pace of growth since 2020, Statistics Canada said, citing lower ... (full story)