Canada’s economy grew faster than expected in the first quarter, expanding at a healthy clip with 2.2% annualized quarterly growth. Looking past the headline figure, the economic growth was entirely driven by inventory building and a surge in exports as U.S. companies rushed to stockpile goods before President Trump’s tariffs took effect.
First-quarter stockpiling drives faster-than-expected growth in Canada's economy
This will likely keep the Bank of Canada holding interest rates steady, even though the domestic economy needs more support
By Carl Gomez
CoStar Analytics
May 30, 2025 | 9:03 P.M.
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