FX.co ★ Canadian GDP Seen Unchanged in March

Canada’s gross domestic product was flat in March 2026 compared with the previous month, according to a flash estimate. Gains in wholesale trade and transportation and warehousing were offset by declines in retail trade and in mining, quarrying, and oil and gas extraction.

In February 2026, Canadian GDP grew 0.2% month over month, in line with market expectations. Manufacturing was the main driver, expanding 1.8%, supported by a 3.6% increase in durable-goods industries—their strongest monthly advance since January 2023. The mining, quarrying, and oil and gas extraction sector rose 0.4%, as oil and gas extraction posted a second consecutive monthly increase and mining and quarrying (excluding oil and gas) grew 1.2%.

Wholesale trade climbed 0.9%, while transportation and warehousing advanced 1.2%. Advance estimates indicate the economy is on track to grow 0.4% in the first quarter of 2026.