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29.05.202612:30:00UTC+00Canada’s Annualized GDP Slide Eases Sharply in Early 2026

Canada’s economy showed signs of stabilization in early 2026, as the annualized GDP contraction slowed markedly in the first quarter. The indicator registered a -0.1% change on a quarter-over-quarter annualized basis, a significant improvement from the -1.0% decline recorded in the fourth quarter of 2025.

The data, updated on 29 May 2026, indicate that while Canada’s economy is still fractionally in negative territory, the pace of contraction has nearly ground to a halt. Under the quarter-over-quarter comparison framework, the latest reading reflects a much smaller pullback in activity relative to the previous quarter’s sharper decline, suggesting that the downturn may be bottoming out as 2026 begins.

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