Canada enters technical recession as GDP contracts 0.1% in Q1 amid US trade war
By
David Rovella
2d ago· 1 min readenNews
46/100
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Summary
Canada entered a technical recession in early 2025 as GDP fell 0.1% annualized in Q1, following a revised 1% contraction in Q4. Weak business and government spending amid the US trade war drove the downturn, signaling persistent economic slack.
Key quotes
· 3 pulledCanada edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter, pointing to persistent slack in the economy amid the US trade war.
Real gross domestic product fell by 0.1% on an annualized basis during the first three months of the year.
That follows a 1% contraction in the fourth quarter, a downward revision from a previously reported 0.6% decrease.
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