Economy Expanded 0.4% In Q1 When February Rise, Flat Advance Read For March Are Taken Into Account, says Statistics Canada

08:47 AM EDT, 04/30/2026 (MT Newswires) -- Canadian real gross domestic product (GDP) was up 0.2% month over month in February, with goods-producing industries driving the growth for the second consecutive month, said the country's statistical agency on Thursday.

February's GDP growth was perfectly in line with a consensus figure provided by MUFG.

Advance information indicates that real GDP was "essentially unchanged" in March, writes Statistics Canada in a statement. Increases in wholesale trade and transportation and warehousing were offset by decreases in retail trade and mining, quarrying, and oil and natural gas extraction.

With this advance estimate for March, information on real GDP by industry suggests the economy expanded 0.4% in Q1 2026, stated StatsCan.

Goods-producing industries grew 0.4% month over month in February, driven by expansions in manufacturing and mining, quarrying, and oil and gas extraction, added the Ottawa-based agency. Services-producing industries edged up 0.1%, as rebounds in transportation and warehousing and wholesale trade were largely offset by contractions in the public sector.

For Canada, GDP and Income and Expenditure Accounts measure the production of goods and services in the Canadian economy as well as the incomes arising from this production and expenditure on the production. GDP represents the unduplicated value of goods and services produced during the reference period and are available for domestic consumption, investment or export.

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