The Canadian economy saw high growth in the second quarter of 2026, increasing by 3.3 percent on an annualized rate and 0.8 percent compared to the first quarter.
The GDP growth in the April-to-June period was helped by a 3.6 percent rise in exports, mostly due to higher exports of passenger cars and light trucks as well as energy products ; housing investment such as renovations and ownership transfer costs; along with business investment and household expenditures, Statistics Canada said in an Aug. 28 report.
The annualized metric scales up the quarterly number to show what Canada’s GDP would be if the economy kept the same pace for the whole year, while the quarterly figure merely looks at the number….