National

StatCan to release GDP data for June and Q2 today

Darpan News Desk The Canadian Press, 29 Aug, 2025 10:42 AM

Statistics Canada is set to release gross domestic product data for the month of June and the second quarter as a whole today.

The agency's early estimates for GDP in the second quarter had been for zero growth as trade uncertainty and tariffs weigh on business and consumer sentiment.

It would mark a sharp slowdown from the 2.2 per cent annualized increase reported for the first quarter, when firms rushed to get ahead of looming tariff deadlines, heightening business activity.

Meanwhile, growth for the month of June is expected to have ticked higher by 0.1 per cent, snapping a two-month streak of monthly contractions.

Economists at RBC said in a recent note that while tariff uncertainty will continue to put a damper on businesses, CUSMA-exemptions have spared the Canadian economy from the worst-case scenarios.

Picture Courtesy: THE CANADIAN PRESS/Sean Kilpatrick

Prev Next

MORE National ARTICLES

Heiltsuk Nation written constitution passes with 67 per cent of votes

The Heiltsuk Nation has approved the adoption of a written constitution for the First Nation on British Columbia's central coast. The nation says 67 per cent of the 725 people who voted on the referendum were in favour of the constitution.

Heiltsuk Nation written constitution passes with 67 per cent of votes

Poilievre's proposed incentives for First Nations water, resource projects draw fire

Conservative Leader Pierre Poilievre says he would incentivize First Nations to support natural-resource projects through industry taxes and revisiting how much sway Indigenous Peoples and environmental considerations have over approving projects. The proposals drew swift criticism from some experts and researchers.

Poilievre's proposed incentives for First Nations water, resource projects draw fire

Indigenous kids in care more likely to experience poor health later in life: report

Indigenous people who were in government care as children experience poorer health and socioeconomic outcomes later in life than those who were never in care, a new Statistics Canada report says. They suffer higher rates of disability, lower self-rated health levels and more homelessness, and are more likely to struggle to meet basic household needs, the report says.

Indigenous kids in care more likely to experience poor health later in life: report

Ex-coroner says B.C.'s drug policy overhaul looks like 'impulsive political decision'

British Columbia's former chief coroner says she's disappointed by the province's overhaul of its program that provides prescription alternatives to toxic street drugs, a shift she says "feels like a really impulsive political decision." Lisa Lapointe said the move to a "witnessed-only" model in which people are supervised while consuming their prescription drugs appeared to ignore scientific evidence.

Ex-coroner says B.C.'s drug policy overhaul looks like 'impulsive political decision'

Internal military report blames botched shooter drill on poor organization

During the drill, which took place on Nov. 12 at a service depot at CFB Longue-Pointe in Montreal, military police also confused a racialized employee with a drill participant playing an active shooter and wrestled him to the ground.

Internal military report blames botched shooter drill on poor organization

70% of Canadians support retaliatory tariffs on United States: poll

Seventy per cent of Canadians are in favour of dollar-for-dollar retaliatory tariffs on the United States, a new poll suggests. Nearly half of respondents to the Leger poll — 45 per cent — said they were strongly in favour of such tariffs, while 25 per cent said they were somewhat in favour.