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canada’s-economy-shrank-by-0.3-percent-in-october:-statcan
Canada’s Economy Shrank by 0.3 Percent in October: StatCan

Canada’s Economy Shrank by 0.3 Percent in October: StatCan

Last updated: December 23, 2025 7:48 pm
By Matthew Horwood
0 Min Read
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Canada’s Economy Shrank by 0.3 Percent in October: StatCan

Workers stack and sort as softwood lumber is cut at Groupe Crete, a sawmill in Mont-Blanc, Que., on Jan. 20, 2025. The Canadian Press/Christinne Muschi

Canada’s Gross Domestic Product (GDP) shrank by 0.3 percent in October due to a contraction in industries producing goods and services, according to Statistics Canada.

The numbers come following the agency’s September report, which showed the GDP grew by 0.2 percent. 

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