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Canada Real GDP For October In Line With StatsCan's Flash Estimate, But Above BMO's Forecast

BY MT Newswires | ECONOMIC | 12/23/25 08:40 AM EST

08:40 AM EST, 12/23/2025 (MT Newswires) -- Canada's real gross domestic product (GDP) decreased 0.3% in October, offsetting a 0.2% increase in September, driven by contractions in goods-producing and services-producing industries, Statistics Canada said Tuesday.

This was in line with the StatsCan Flash Estimate for 0.3%, while Bank of Montreal had forecast a drop of 0.2%

Overall, 11 of 20 industrial sectors contracted in October, StatsCan said.

Goods-producing industries were down 0.7% in October, as most sectors comprising the grouping contracted, led by the manufacturing sector. Services-producing industries declined 0.2% in the month, impacted by a few labour stoppages that dampened the overall activity, it added.

StatsCan also said advance information indicates that real GDP by industry increased 0.1% in November.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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