Canada Reports Two Straight Quarters of GDP Contraction
Statistics Canada data show real GDP fell 0.1 percent in the first quarter of 2026 after a 1.0 percent drop in the fourth quarter of 2025. The figures mark the first technical recession since 2020.
washingtonpost.comCanada recorded two consecutive quarters of negative economic growth, entering a technical recession. 0 percent contraction in the fourth quarter of 2025. 5 percent growth for the quarter. Weak business and government spending contributed to the contraction.
Minister Mark Carney stated in a New York speech that Canada would pursue a new partnership with the United States in aluminum, automobiles, and critical minerals. S. -Mexico-Canada Agreement without Canadian participation. Earlier this month, Canada selected Saab GlobalEye surveillance aircraft over Boeing E-7 Wedgetail planes for Arctic defense.
The decision followed months of alternating public statements on trade relations with both the United States and China.
5 percent, the lowest level since the first quarter of 2024. Employment data released alongside the GDP figures also showed softening labor-market conditions. The last technical recession occurred during pandemic-related shutdowns in 2020.
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