Author's Summary
Canada's economy surged with 2.6% annualized GDP growth in Q3 2025, fueled by sharp rises in military spending and housing, offsetting prior trade declines amid U.S. tensions. (148 characters)
Economic Rebound Overview
Canada's gross domestic product expanded at a 2.6% annualized rate in the third quarter, marking the quickest growth since late last year. This surge reversed a 1.8% drop from the prior quarter, largely due to shifts from exports toward housing and public outlays. Trade data faced complications from U.S. government shutdowns, yet exports held steady.
Key Growth Drivers
- Military investments leaped 82%, boosting overall government capital spending by 2.9%.
- Housing saw a 6.7% annualized uptick in residential investments after stagnation.
- Exports of crude oil edged higher (+0.2%), while imports fell (-2.2%), aiding the trade balance.
The Canadian economy rebounded sharply from the initial damage of the trade war as the country's growth drivers shifted to housing and government spending.
Household spending dipped slightly (-0.1%), and business investments stayed flat, highlighting reliance on public and residential sectors.
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