Is GDP growth of 1.5% considered robust in Canada?
Gross domestic product declined at an annualized rate of 0.1% in the first quarter, Statistics Canada said, compared with a downwardly revised contraction of 1% in the fourth quarter of last year.
Analysts polled by Reuters and the Bank of Canada had predicted the first quarter growth at annual rates at a robust 1.5%.
DB2
Welp, given the US has been described by some as the hottest country on earth at 1.6% GDP growth…yeah.
And…should we be celebrating our ability to destroy the Canadian Economy with our tariffs? https://www.reuters.com/world/americas/canadas-q1-gdp-contracts-annualized-basis-posting-two-quarters-decline-2026-05-29/
Don’t worry he is an equalizer. We next.
Some people don’t recognize that systems that don’t work, don’t work. They keep digging to get out of the hole.
The Captain
Looking at real GDP increase since the 1st quarter of 2025:
US $23.55T ==> 24.27 = + 3.1% Canada $625.5B ==> 631.0 = + 0.9%
DB2
This is terrible economic news for us. Canada is one our largest trading partners. If they are in an economic slow down it means they buy less of our goods and services which will in turn slow down our economy.
These tariffs aren’t very well thought out.
The EU GDP growth rate over the same period was 1.3%. For Japan it was 0.8%.
DB2
Some additional important GDP growth numbers:
Q2
US 1.5%
Q1
US 2.1%
CA 3.7%
WI 0.9%
US exCA 1.8% (est)