US Edition
Canada’s first quarter GDP expands, beating estimates as economy reacts to tariffs
- Canada's economy grew by 2.2 percent in the first quarter of 2025, exceeding estimates of 1.5 and 1.7 percent, according to Statistics Canada.
- The growth was fueled by importers and exporters acting to prepare for impending tariffs, particularly affecting the automotive industry and steel and aluminum sectors.
- Goods exports rose by 1.6 percent, attributed to higher shipments of passenger vehicles and industrial machinery, as reported by Statistics Canada.
- Despite this growth, slower rates of household spending and an 18.6 percent drop in housing resale activity posed challenges.
53 Articles
53 Articles
Canada Q1 growth up but Trump tariffs starting to hurt
OTTAWA, Canada — Canada’s latest growth figures, released Friday, were better than expected, but also highlighted weaknesses in the economy as the effects of a trade war launched by US President Donald Trump began to take hold. The nation has been shaken by the mercurial Republican billionaire’s repeated tariff threats — and his targeting of its automotive, steel and aluminum sectors in particular with 25 percent levies. The protectionist policy…
Fears of a trade war have stimulated imports and exports, notes Statistics Canada.
U.S. Importers’ Tariff Frontloading Rush Boosts Canada’s 2.2% GDP Growth
Statistics Canada reports Canada’s economy grew 2.2% annualized in Q1 2025, exceeding analysts’ 1.4% prediction. The 0.5% quarterly rise reflects strong exports. U.S. importers, stockpiling goods before tariffs, fueled this growth. Q4 2024 growth, revised to 2.1% annualized and 0.5% quarterly, shows slight improvement. Oil, gas, and mining sectors surged, driven by U.S. demand. However, […]
The Canadian economy grew faster than expected in the first quarter.
Coverage Details
Bias Distribution
- 50% of the sources lean Left
To view factuality data please Upgrade to Premium
