Canada’s productivity rebounds in the third quarter, previous years revised up - Financial Post

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Statistics Canada has revised Canada’s population numbers upward, pushing annual growth to 0.5% as of Q2 and erasing what had looked like negative year-over-year growth since early 2026. The adjustment comes mainly from updated accounting methodology for non-permanent residents, which are up 240k (+9.4%) from the previous Q2 estimate. The post-pandemic temporary resident surge created a large cohort of work and study permits now expiring, straining the extension processing system as more people remain in the country beyond their permit expiry. Adjustments to the non-permanent resident estimate account for 80% of the total 301k (+0.7%) population revision.

BusinessCanada's economy posted strong growth in the second quarter, driven by high exports and domestic investments. After a slight decline in GDP growth in the first quarter led to fears of a technical recession, an upwards revision of those figures puts those notions in the "trash bin," according to one economist. First quarter GDP revised higher, putting talk of a technical recession in the 'trash bin'Abby Hughes · CBC News · Posted: Aug 28, 2026 8:42 AM EDT | Last Updated: August 28Listen to this articleEstimated 4 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Linamar employees assemble components of a light truck transmission on the floor of a Linamar factory, in Guelph, Ont., on Feb. 6, 2025. Exports of autos helped boost GDP in the quarter. (Evan Mitsui/CBC)Canada's economy showed strong growth in the second quarter, thanks to a jump in exports and stronger domestic investment, according to Statistics Canada data. The economy grew at an annualized rate of 3.3 per cent in the second quarter.

RCIPosted: August 28, 2026 11:10 AMCBC News with files from Reuters and The Canadian PressThe economy grew at an annualized rate of 3.3 per cent in the secondquarter. For the month of June, GDP was up 0.3 per cent. Exports rose 3.6 per cent according to the data agency, largely because of higher auto exports. Residential investment also helped boost the economy, as did investment by business owners, who spent more on machinery and equipment in the second quarter. Business capital investment was up 2.3 per cent in the second quarter, snapping a streak of five consecutive quarters of decline.