Canada's Economy Skates Around Recession, Says BMO

10:00 AM EST, 11/05/2025 (MT Newswires) -- Last week's gross domestic product report in Canada showed a "nasty" 0.3% month-over-month drop in August, and yet growth will still manage to eke out a "tiny" gain for all of Q3, said Bank of Montreal (BMO).

In the first eight months of the year, the economy has

managed to grow by 1.3% from the same period a year ago, noted the bank.

That 1.3% growth pace is below average and is "meek," stated BMO. However, it isn't much milder than the past two years.

The sectors that have posted the biggest annual gains are retail trade, natural resources, finance and insurance, agriculture, arts, entertainment and recreation, and healthcare and social services, according to the bank. Those with "mild" increases are construction, utilities, education, and hotels and restaurants.

The sectors with the annual decrease are manufacturing, rail transportation, federal government administration and administrative support.

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