Canada’s GDP Dips Amid Hints of a Rebound in March

April 30, 2025, 9:00 am

Statistics Canada reported a 0.2% contraction in GDP for February, with preliminary data for March indicating a moderate bounce back. The dip, driven mainly by declining goods-producing sectors, has raised cautious optimism for an economic recovery, despite the short-lived setback.

ledevoir.com / L’économie a reculé de 0,2 % en février, selon Statistique Canada

Les mauvaises conditions météorologiques seraient en cause, plutôt que la guerre commerciale, selon les économistes.

financialpost.com / Canada faces 'ultra-low growth' for next year: David Dodge

Watch: 'The fantasy plans both parties had during the election will be abandoned as we try to deal with economic reality'

financialpost.com / 'Real drama now begins' as economists predict zero growth ahead of a waning first quarter

Future interest rate decisions by the Bank of Canada will be no easy matter

citynews.ca / Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

Statistics Canada says the Canadian economy contracted in February but early signs suggest moderate growth in March. The agency says real gross domestic product decreased 0.2 per cent in February, which is well below the Bank of Canada’s previous reduced guidance. That was driven by a 0.6 per cent…

financialpost.com / Canada's economy shrinks in February, stalls in March

Goods-producing sectors led the decline

cp24.com/ / Canada’s GDP dropped 0.2% in February: StatCan - CP24

Canada’s GDP dropped 0.2% in February: StatCan CP24

cbc.ca / Canada's economy shrunk 0.2% in February, but early signs point to growth in March: StatsCan

Statistics Canada says the Canadian economy shrunk in the month of February, but declines might not last long, as early signs for March point to moderate GDP growth.

permalink / 7 stories from 5 sources in 6 hours ago

More Top Stories...

Federal election aftermath sparks varied political critiques

Following Monday’s federal election, a trio of political commentators weigh in on the drama. They lambast vote-splitting and campaign missteps, question if minority governance can really be rescued, and challenge whether Mark Carney has the magic touch needed to unite a fractured political landscape. More...

Deloitte Warns Tariff Fallout Could Deepen Economic Downturn

Deloitte’s recent economic outlook highlights that as companies’ pre-tariff precautions fade, the mounting impact of tariffs is expected to dampen investment and job growth. The report signals a more prolonged economic slump for Canada, underscoring the fragility of a trade-dependent market in an era of rising protectionism. More...

Doug Ford pushes for adopting U.S.-style elected judges

Ontario Premier Doug Ford has stirred controversy with a bold proposal to overhaul the judicial system by electing judges—a radical departure from established norms. Citing a perceived softness on crime, his remarks during a bail reform rant have left critics amused and skeptical about the feasibility of such a drastic change. More...

Ontario tackles educator crisis with college program shortening proposal

In an effort to ease the mounting educator shortage, Ontario is considering trimming the duration of teachers’ college training. Documents obtained reveal that the province is exploring innovative yet controversial policy changes aimed at fast‐tracking new teachers into classrooms while still hoping to maintain educational quality. More...

Canada Tax Deadline Alert: Strict Penalties for Late Filers Approaching

With tax day in full swing, Canadian authorities warn that late filers face a steep penalty—5% immediately, plus an extra 1% for every additional month. Taxpayers are urged to file promptly to avoid escalating fines amid year-end rushes. More...