Economy of Canada

1 month ago - Canada has a highly developed mixed economy. As of 2025, it is the ninth-largest in the world, with a nominal GDP of approximately US$2.39 trillion. Its GDP per capita in purchasing power parity (PPP) international dollars is about 27.5% lower than that of the highest-ranking G7 country.

Canada's macroeconomic framework is robust, supported by strong public finances and a well-capitalised banking sector. However, the economy faces significant headwinds from tariffs with the United States.

Today, Canada has one of the ten largest economies in the world and is part of the G8 group of leading industrialized countries with the United States, Germany, the United Kingdom, Italy, France, Japan and Russia.

3 weeks ago - Canada’s economy continues to face meaningful challenges, but resilient consumer fundamentals and favorable tariff positioning have helped maintain a modest growth trajectory.

Canada’s outlook has a Charlie Brown cloud hanging over its head with the future of the U.S. trading relationship still undetermined. Tariffs already in place are having clear impacts on Canada’s economy, most obvious in the three straight quarters of businesses cutting back on investments.

April 23, 2015 - Canada is one of the world’s largest economies, ranking among the top by gross domestic product (GDP). Its economic strength is built on industries like real estate, manufacturing, and mining, which drive much of the country’s growth.

1 week ago - Canada's economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, but is expected to stage a partial recovery in November, official data showed on Tuesday.

The economy is on the verge of recession as a consequence of an aggressive tightening of monetary policy by the Bank of Canada (BoC, the central bank) to bring down rapid consumer price inflation. Inflation is now moderating gradually but interest rate cuts are unlikely until the second half ...

The Canadian economy is outperforming expectations. In the face of higher interest rates, Canada has avoided the recession that some had predicted. Inflation has fallen from its June 2022 peak of 8.1 per cent to 2.9 per cent in January and to 2.8 per cent in February 2024.

2 weeks ago - Atlantic Canada shows diverging performance in 2026. New Brunswick (1.2%) trails the national average amid softer U.S. demand and a slowdown in population growth, while Nova Scotia (1.5%), Prince Edward Island (1.7%), and Newfoundland and Labrador (1.7%) remain above average with export diversification and mineral production offsetting construction moderation. British Columbia’s economy is expected to post modest growth of 1.2% next year, lagging the national average.

1 week ago - It was a tumultuous year for the Canadian economy—marked by trade volatility, policy pivots, and a fundamental shift in the economic landscape. Canada found itself navigating a markedly different path than anticipated at the start of 2025.

August 5, 1998 - Canada’s economy is dominated by the private sector, though some enterprises (e.g., postal services, some electric utilities, and some transportation services) have remained publicly owned.

November 4, 2025 - The areas that Canada identified, housing, infrastructure, energy, they are thinking of some strategic projects. These are areas that we see the need of doing more so Canada can lift up productivity. At its core, our plan is a long-term economic strategy that is anchored on four objectives:

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Canada’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy.

Canada has a developed market economy, which is among the 10 largest in the world in nominal GDP terms. Elevated purchasing power and the high quality of public-service provision contribute to Canada frequently being considered to have one of ...

May 16, 2023 - Activity at agents and brokers ... down 7.7% from levels at the end of 2024. Statistics Canada's advance estimate suggests that real gross domestic product declined 0.3% in October....

The Canadian economy is blessed with an abundance of land and natural resources, and coupled with the long tradition of British institutions, the Canadian economy has developed and become one of the advanced OECD countries in the world. Although the Canadian economy has largely been linked to the United States, Canada is increasingly building up its own image as an industrialized country (Burbridge and Harrison, 1985; Afxentiou and Serletis, 1992; Harris, 1993).

Higher productivity helps keep prices down and wages up. It gives workers more money to spend and increases the value they get when they spend it. And it allows businesses to weather cost increases without having to raise prices. All together, these factors drive economic growth.

1 week ago - Canada's economy sees surprise boost in 3rd quarter, avoiding a technical recession

Corruption erodes economic freedom by introducing insecurity and coercion into economic relations. Of greatest concern is the systemic corruption of government institutions and decision-making by such practices as bribery, extortion, nepotism, cronyism, patronage, embezzlement, and graft.