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Canada's Economy Stalls as Manufacturing Drops 1.3%

1/30/2026

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Summary

Story summary

Canada’s economy stalled in November 2025, with GDP growth at 0%, after a 0.3% drop in October, according to Statistics Canada.
Manufacturing fell 1.3% in November, led by durable goods such as motor vehicles and machinery.
Services sectors grew, including retail and transportation.
Analysts expect fourth-quarter growth to decelerate by 0.5 percent.
The Bank of Canada maintains its key policy rate at 2.25 percent.

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Story summary

Canada’s economy stalled in November 2025, with GDP growth at 0%, after a 0.3% drop in October, according to Statistics Canada.
Manufacturing fell 1.3% in November, led by durable goods such as motor vehicles and machinery.
Services sectors grew, including retail and transportation.
Analysts expect fourth-quarter growth to decelerate by 0.5 percent.
The Bank of Canada maintains its key policy rate at 2.25 percent.