Canada's economy was 'surprisingly OK' to start 2026: economists
Canada's economy showed a rebound in the first few months of 2026, with real gross domestic product edging up 0.1 per cent in January. The growth was driven by strength in goods-producing industries, and economists expect the Bank of Canada to maintain its current interest rate due to the moderate growth and potential inflationary pressures.
Canada's economy rebounded in the first few months of 2026. Real gross domestic product edged up 0.1 per cent in January, driven by strength in goods-producing industries. The gain was helped by a 1.2 per cent growth in mining, quarrying, and oil and gas extraction. Services-producing industries were essentially unchanged in January. Economists expect the Bank of Canada to maintain its current interest rate. The central bank's next interest rate decision is set for April 29.
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