Growth in Canada’s real gross domestic product accelerated to 3.3% in the second quarter, confirming a strong economic rebound after a yearlong slump brought on by US tariffs and a slowdown in immigration, Bloomberg reports.
The expansion between April and June was driven by increases in exports, household spending, and business investment, Statistics Canada reported on Friday.
It’s the fastest pace of growth since early 2023, suggesting businesses had begun to adapt to US tariffs, a process the Bank of Canada said it was seeing.
Bloomberg article is also archived.