Amid 2026 uncertainty, new data set to show how Canada’s economy ended 2025
Global News
New economic data coming on Friday is set to give the clearest picture yet of how hard U.S. tariffs and the trade war hammered the Canadian economy for the full year of 2025.
New economic data coming on Friday is set to give the clearest picture yet of how hard U.S. tariffs and the trade war hammered the Canadian economy for the full year of 2025.
That comes as uncertainty continues to dominate most predictions for 2026 and amid a new round of 10 per cent U.S. tariffs on countries around the world that went into effect on Tuesday after previous global tariffs imposed by U.S. President Donald Trump early in 2025 were struck down on Feb. 20.
December’s report on gross domestic product (GDP) will be released by Statistics Canada on Friday, and will give a summary of the final quarter of 2025, offering insight into the full scope of the economic impacts for the year.
Royal Bank of Canada released a report on Feb. 20 outlining predictions for the GDP report. It was authored by RBC’s assistant chief economist Nathan Janzen and senior economist Claire Fan.
Despite some positive signs within a few of the previous GDP reports, RBC says, “still, soft spots remain.”
GDP is measured by adding the value of all goods and services produced within a country during a given period.
In November, GDP showed zero per cent growth from October, when GDP fell 0.3 per cent.
December’s GDP report will conclude the fourth quarter of 2025.
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Prime Minister Mark Carney is concluding his time in Norway meeting with that country’s prime minister, along with the leaders of Denmark, Iceland, Sweden and Finland.
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