FX.co ★ Canada GDP Seen Expanding for 3rd Month

Canada’s gross domestic product is estimated to have grown by 0.2% in February 2026 from the previous month, according to a flash estimate. The expansion was driven by increased output in manufacturing, mining and quarrying, and financial services, which more than offset declines in agriculture and forestry.

The February advance is expected to build on the 0.1% increase recorded in January, which was revised up from an initial estimate showing no growth. Overall, growth was led by goods-producing industries, which rose 0.2%. Stronger activity in construction (up 2.2%) and in mining and quarrying (up 1.2%) offset a 1.4% decline in manufacturing.

In contrast, services-producing industries were broadly flat. Gains in finance and insurance (up 0.5%) and retail trade (up 0.8%) were counterbalanced by contractions in wholesale trade (down 1.2%) and transportation and warehousing (down 0.7%), the latter weighed down by severe weather that disrupted logistics.