Canada’s gross domestic product was flat in January 2026 compared with the previous month, according to an advance estimate. If confirmed, this pause would follow a 0.2% expansion in December 2025, revised up from the earlier estimate of 0.1%. The stronger December figure helped to offset the 0.2% contraction in GDP recorded in the fourth quarter of 2025.
In December, output in goods-producing industries increased by 0.2%, supported by a 1.2% rise in manufacturing, which partially reversed steep declines over the prior two months. Utilities output grew by 1.2%, and construction activity rose 0.3%, more than offsetting a 0.9% decline in mining, quarrying, and oil and gas extraction.
Services-producing industries also expanded, with total services output up 0.2% in December. Wholesale trade advanced 1.7%, while financial services increased 0.4%.
