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Canada's Growth Slows to 1.2% Amid Economic Uncertainties

4/2/2026

41 7 Full Breakdown

Summary

Story summary

Deloitte's spring economic outlook projects Canada will grow 1.2% in 2026, down from 1.7% in 2025.
Dawn Desjardins, Chief Economist at Deloitte, notes geopolitical tensions and trade uncertainties pose risks.
The report expects unemployment to fall to 6.3% by year-end, after a February rise to 6.7%.
Construction activity is expected to slow, with housing starts at 243,000 units due to rising costs and unsold inventory in Toronto and Vancouver.

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Story summary

Deloitte's spring economic outlook projects Canada will grow 1.2% in 2026, down from 1.7% in 2025.
Dawn Desjardins, Chief Economist at Deloitte, notes geopolitical tensions and trade uncertainties pose risks.
The report expects unemployment to fall to 6.3% by year-end, after a February rise to 6.7%.
Construction activity is expected to slow, with housing starts at 243,000 units due to rising costs and unsold inventory in Toronto and Vancouver.