Canada’s Economy Grew by 3.3 Percent Annualized in Second Quarter: StatCan
The Canadian economy saw high growth in the second quarter of 2026, increasing by 3.3 percent on an annualized rate and 0.8 percent compared to the first quarter. The GDP growth in the April-to-June period was helped by a 3.6 percent rise in exports, mostly due to higher exports of passenger cars and light trucks [...]
Canada’s economy experienced robust growth in the second quarter of 2026, expanding by 3.3 percent on an annualized rate and 0.8 percent from the previous quarter. This GDP increase was propelled by a significant 3.6 percent rise in exports, particularly passenger cars, light trucks, and energy products. Housing investment, business investment, and household spending also contributed to the strong performance.
- Canadian economy grew by 3.3% annualized in the second quarter of 2026.
- Quarter-over-quarter growth was 0.8%.
- Exports increased by 3.6%, driven by vehicles and energy products.
- Housing investment, business investment, and household expenditures also contributed to growth.
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