Solid April GDP rebound suggests Canada is not in a recession: economists
Canada’s economy rebounded in April, with real gross domestic product (GDP) rising 0.5%, the fastest monthly growth since July 2025, easing concerns that the country had entered a recession. Statistics Canada also estimated the economy grew by 0.1% in May, while economists said the stronger-than-expected April figures suggest recent recession fears were unfounded despite a weak first quarter. Growth was driven by gains across most industries, including oil and gas, manufacturing, construction, transportation, and real estate, as economic activity recovered from a harsh winter.
