Released on November 6, 2026
The latest figures from Statistics Canada show that Canada’s economy grew by 1.9% in 2025, following an increase of 2.4% in 2024. Economic growth was propped up by household spending and higher government spending. In 2025, gross domestic product (GDP) rose in all provinces as well as in Yukon and Nunavut, while the Northwest Territories posted a decline. Growth varied by region. Among provinces, Newfoundland and Labrador experienced the greatest year-over-year change with its GDP growing by 4.3%, while growth was slowest in Quebec, which recorded a modest increase of 1.0%. Prince Edward Island recorded the second-largest increase at 3.5%. It was followed by the energy-rich provinces of Alberta and Saskatchewan, which posted growth of 3.3% and 3.1%, respectively. Nova Scotia followed with GDP growth of 3.0%, while New Brunswick and British Columbia reported growth of 2.4%. Ontario and Manitoba recorded GDP growth of 1.8%. Among the territories, Yukon and Nunavut’s GDP experienced modest growth of 0.6% and 0.7%, respectively. The Northwest Territories’ GDP declined by 1.7%.
Want a primer on GDP? Check out this great video from Statistics Canada.
Last Updated: October 30, 2026
About Source(s)
Source: Statistics Canada is Canada's national statistical agency.
Notes: Unofficial results
