Published: 2025-12-16T17:09:08.000Z
Preview: Due December 23 - Canada October GDP - Correcting from Q3 strength
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We expect October Canadian GDP to fall by 0.3% in a correction from surprisingly strong Q3 data and in line with the preliminary estimate made with September’s data.
We expect October to show a 0.8% decline in goods output largely on a 2.0% decline in manufacturing that would more than fully reverse a 1.6% September increase. We expect an unusual 0.1% decline in services due to weakness in education, as signaled with September’s data, and wholesale.
Yr/yr GDP is set to slow significantly to 0.3% from 1.0%. If November and December GDP are both unchanged Q4 would decline by around 0.5% annualized.
