{"id":266715,"date":"2026-01-31T07:06:12","date_gmt":"2026-01-31T07:06:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/266715\/"},"modified":"2026-01-31T07:06:12","modified_gmt":"2026-01-31T07:06:12","slug":"canadas-gdp-saw-0-growth-in-latest-report-statcan-says-national","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/266715\/","title":{"rendered":"Canada\u2019s GDP saw 0% growth in latest report, StatCan says – National"},"content":{"rendered":"

The economy stalled in November 2025 as\u00a0gross domestic product<\/a> (GDP) was measured at zero per cent following a 0.3 per cent drop in October,<\/a> according to Statistics Canada.<\/p>\n

\"\"<\/p>\n

Gains were seen in services sectors, which offset declines in goods production \u2014 including manufacturing.<\/p>\n

Statistics Canada says the manufacturing sector as a whole fell by 1.3 per cent, especially in the production of durable goods, which fell by 1.9 per cent. This included the manufacturing of transportation equipment, machinery, fabricated metal products and motor vehicles and parts.<\/p>\n

The agency adds that the durable goods sector as a whole declined in November to levels not seen since the middle of 2011, excluding the first half of 2020 amid the COVID-19 pandemic.<\/p>\n

U.S. President Donald Trump\u2019s tariff policies<\/a> have been impacting Canada\u2019s economy, particularly in manufacturing, which is seeing some of the steepest duties on Canadian imports to the U.S., including Canadian-made steel and aluminum products, lumber, and automobiles and parts.<\/p>\n

Story continues below advertisement<\/p>\n

Trump also threatened Canada\u2019s aviation manufacturing sector with additional tariffs<\/a> if certain certification demands for some U.S. aircraft weren\u2019t met.<\/p>\n

Although it isn\u2019t clear how these new tariff threats may unfold, the uncertainty of the ongoing trade war amid multiple threats of tariffs from the Trump administration has led many Canadian businesses to take a wait-and-see approach to expansion and hiring plans.<\/p>\n

\u201cThe Canadian economy ended the year without any momentum to launch it into 2026. November GDP suggests the trade war showed accelerated weakness in the manufacturing sector with little rebound in December,\u201d Andrew DiCapua, principal economist for the Canadian Chamber of Commerce, said in a written note.<\/p>\n

\u201cWith recent export weakness in manufacturing, it is likely this story isn\u2019t over. While today\u2019s GDP report was mixed, overall growth in the fourth quarter now appears likely to come in below both the Bank of Canada\u2019s latest forecast and our BDL [Business Data Lab] nowcast.\u201d<\/p>\n

\t\t\t\t\t\t\"Click<\/p>\n

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1:46
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPremiers in Ottawa to discuss economy, projects and trade\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

There were gains seen in service sectors, which helped offset the declines in goods production, with the retail trade sector expanding 1.3 per cent in November following back-to-back monthly declines in September and October.<\/p>\n

Story continues below advertisement<\/p>\n

Statistics Canada notes that several of the service subsectors saw growth when compared with recent declines because of work stoppages.<\/p>\n

\t\t\t\t\t\"For<\/p>\n

\t\t\t\t\tGet breaking National news<\/p>\n

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.<\/p>\n

Food and beverage retailers saw a boost of 2.5 per cent, which the agency says was mainly from higher sales of beer, wine and liquor following labour action in British Columbia<\/a>.<\/p>\n

\n\t\tTrending Now\n\t<\/p>\n

\t\t\t<\/p>\n

\t\t\t\t\t\t\"\"\/<\/p>\n

\n\t\t\t\t\tTrump threatens Canada with 50% tariff on aircraft sold to U.S.\n\t\t\t<\/p>\n

\t\t\t<\/a><\/p>\n

\t\t\t<\/p>\n

\t\t\t\t\t\t\"\"\/<\/p>\n

\n\t\t\t\t\tBombardier warns of \u2018significant impact\u2019 to travellers from Trump\u2019s threat\n\t\t\t<\/p>\n

\t\t\t<\/a><\/p>\n

Educational services were up one per cent in November, especially in elementary and secondary schools. Statistics Canada says that was largely because of the resumption of classes in Alberta following the end of the teachers\u2019 strike on Oct. 29.<\/a><\/p>\n

\n\t\t\tMore on Money
\n\t\t\tMore videos\n\t\t<\/p>\n

Transportation and warehousing climbed 0.9 per cent in November, which included postal services rising sharply by 41.7 per cent after job actions that prevented some mail and parcel delivery were suspended on Nov. 21.<\/p>\n

Canada Post and the Canadian Union of Postal Workers formed an agreement in principle<\/a> after more than two years of negotiations and on-and-off job action.<\/p>\n

\u201cCanada\u2019s economy limped into year-end. Reading why it did so is a convoluted mess of macro drivers, weather, and strikes,\u201d Derek Holt, head of capital markets economics at the Bank of Nova Scotia, said in a written note.<\/p>\n

\u201cIt\u2019s unclear if the numbers would mildly surprise the BoC [Bank of Canada] which has strongly signalled it\u2019s looking through what was and toward what may be on the bias that expects something better in 2026.\u201d<\/p>\n

Story continues below advertisement<\/p>\n

The Bank of Canada held its key policy rate at 2.25 per cent on Wednesday<\/a>, which means no changes to borrowing costs for now. Governor Tiff Macklem at the central bank spoke about the economic outlook for Canada, and said the bank expects modest growth to end 2025 and through 2026.<\/p>\n

The final GDP report for December 2025 is scheduled to be released on Feb. 27, and Statistics Canada said on Friday it expects that report to show growth of 0.1 per cent, based on preliminary data.<\/p>\n

\n\t\t&copy 2026 Global News, a division of Corus Entertainment Inc.\t<\/p>\n","protected":false},"excerpt":{"rendered":"The economy stalled in November 2025 as\u00a0gross domestic product (GDP) was measured at zero per cent following a…\n","protected":false},"author":2,"featured_media":266716,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,245,2638,184,3153,85,46],"class_list":{"0":"post-266715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-canada","10":"tag-donald-trump-tariffs","11":"tag-economy","12":"tag-gdp","13":"tag-il","14":"tag-israel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/266715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=266715"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/266715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/266716"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=266715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=266715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=266715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}