Canada’s gross domestic product (GDP) grew by 2.6 percent on an annualized basis in the third quarter of 2025 due to a decline in imports and a rise in exports, after falling by 1.8 percent in the second quarter.
The growth in GDP during the third quarter far surpassed Statistic Canada’s projection of 0.4 percent annualized growth, the Bank of Canada and a poll of economists’ projection of 0.5 percent annualized growth, and Deloitte Canada’s expectation of 1.2 percent growth.
