Canadian Real GDP Edges Higher in January

On Tuesday, Statistics Canada (StatCan) reported that real gross domestic product (GDP) rose 0.1% in January, following a 0.2% increase in December 2025, driven by gains in goods-producing industries.

Goods-producing industries rose 0.2%, marking a second consecutive monthly increase, supported by mining, quarrying, and oil and gas extraction, construction, and utilities, which more than offset a decline in manufacturing.

Services-producing industries held steady in January, as increases in retail trade and finance and insurance were offset by declines in wholesale trade and transportation and warehousing. Overall, 9 of 20 industrial sectors expanded.

The construction sector rose 1.1%, with broad-based gains across subsectors. Engineering and other construction activities increased 1.1%, while repair construction rose 1.8%.

Residential construction expanded 0.8%, marking a third consecutive monthly increase, driven by higher investment in alterations and improvements and growth in multi-unit construction. Nonresidential building construction rose 1.1%, extending its growth streak to seven months, supported by institutional and commercial projects.