National Bank Previews This Week's GDP Data in Canada

07:02 AM EST, 02/23/2026 (MT Newswires) -- The release of Q4 gross domestic product data in Canada on Friday is likely to attract a lot of attention, said National Bank of Canada.

Although it probably remained positive, growth in final domestic demand may have slowed during the quarter, with a rebound in investment in machinery and equipment having likely been offset in part by lower spending in the residential and non-residential structures segments, noted the bank.

Personal consumption expenditure may have stagnated, judging by the already published retail sales data, pointed out National Bank.

Unlike in the last two quarters, international trade is expected to have had only a minor impact on headline growth, although a positive one, stated the bank.

Finally, government spending is expected to have contributed positively to growth for the third consecutive quarter.

Overall, GDP may have grown by only 0.2% in annualized terms, added National Bank. Published at the same time, industry data could show a 0.2% expansion of economic output in December, with positive contributions from manufacturing and wholesale trade having likely been only partially offset by declines in retail trade and mining, quarrying and oil and natural gas extraction.

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