Canada's economy grew by 3.3% in the second quarter, showing sharp recovery

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Canada's economy rebounded sharply in the second quarter after ‌six months of virtually no growth, aided by strong jump in exports and solid domestic demand, data showed on Friday.

First-quarter growth was also revised up

Thomson Reuters

· Posted: Aug 28, 2026 8:42 AM EDT | Last Updated: 3 minutes ago

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Canada's economy rebounded sharply in the second quarter after ‌six months of virtually no growth, aided by strong jump in exports and solid domestic demand, data showed on Friday.

The economy grew at an annualized rate of 3.3 per cent in the second quarter, following an upwardly revised 0.3 per cent in the first quarter, Statistics Canada said.

With the first-quarter revision, which was previously a slight contraction, Canada was not in a technical recession, which is usually two consecutive quarters of contraction.

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