Canada's economy increased at an annualised pace of 2.2% in the first quarter of 2025, according to Statistics Canada data released Friday.

Real gross domestic product (GDP) grew at an annualized pace of 2.2 per cent — higher than Statistics Canada’s early estimate of 1.5 per cent.

Canada's economy grew faster than expected in the first quarter, data showed on Friday, primarily driven by exports as companies in the United States rushed to stockpile Canadian goods before President Donald Trump's tariffs were implemented.

Canada's economy faces challenges with rising unemployment and sluggish growth, exacerbated by trade tensions and weak productivity. The OECD projects a meager 1 percent GDP growth for the year, narrowly avoiding a recession.

A new report from the OECD projects Canada's economy will lag behind other developed nations due mainly to the trade war, but narrowly avoid a recession.

Canada will narrowly avoid falling into a recession in 2025 and post flat economic growth for the year, according to an outlook released Monday by the Organisation for Economic Co-operation and Development.

Premier David Eby has announced a sweeping new provincial strategy aimed at unlocking British Columbia's natural resources.

The King says a "new economic and security relationship" between Canada and the US will "deliver transformational benefits for both sovereign nations".