Story perspectives

Canada's GDP Slips 0.3% Amid Manufacturing Slowdown

11/1/2025

27 3

Summary

Story summary

Canada’s gross domestic product (GDP) contracted 0.3% in August, marking the fourth decline in five months.
The downturn was driven by weaker activity in goods and services, with manufacturing and mining leading.
An advance estimate points to 0.1% growth in September, potentially lifting third-quarter growth to 0.4%.
The economy shrank 1.6% in the second quarter due to tariffs and trade uncertainties, with retail trade and real estate offsetting some declines.

1 of 1

Story summary

Canada’s gross domestic product (GDP) contracted 0.3% in August, marking the fourth decline in five months.
The downturn was driven by weaker activity in goods and services, with manufacturing and mining leading.
An advance estimate points to 0.1% growth in September, potentially lifting third-quarter growth to 0.4%.
The economy shrank 1.6% in the second quarter due to tariffs and trade uncertainties, with retail trade and real estate offsetting some declines.