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

From Taylor Swift tattoos to ice cream, Vancouver businesses have you covered

If you're looking for a permanent reminder of Taylor Swift's Era's Tour concerts in Vancouver, long after the friendship bracelets have been traded, tattoo artist Jen Van Houten literally has you covered. Customers will have to choose from pre-made designs to maintain a tight schedule allowing just 20-30 minutes for each tattoo.

From Taylor Swift tattoos to ice cream, Vancouver businesses have you covered

Canada's Arctic policy draws on international collaboration to face emerging threats

The policy, released by Global Affairs Canada on Friday in Ottawa, says the North American Arctic is "no longer free from tension" amid increased geopolitical instability following Russia's invasion of Ukraine, which has "shaken the foundations of international co-operation in the Arctic."

Canada's Arctic policy draws on international collaboration to face emerging threats

Canada's top court dismisses appeal in Ontario drug trafficking case

Canada's highest court has dismissed the appeal of a Guelph, Ont., man convicted of drug trafficking after police impersonated a drug dealer in order to arrest him. Dwayne Alexander Campbell argued police violated his Charter right to be free from unreasonable search or seizure in his 2017 arrest.

Canada's top court dismisses appeal in Ontario drug trafficking case

Conservatives intervene to delay debate on NDP motion in House of Commons

The Conservatives are stalling an NDP opposition day motion in the House of Commons, after the New Democrats intervened in the Tories' opposition day on Thursday. The NDP was set to begin debate on a motion calling on the government to expand the GST break to cover what they call essentials.

Conservatives intervene to delay debate on NDP motion in House of Commons

Canada's housing crisis leads to more unsafe housing for victims of domestic violence

A study released last week by Women’s Shelters Canada says the country’s housing crisis is preventing many people from finding affordable and safe housing after leaving their abuser. Of the 381 shelters and transition houses that responded, 94 per cent of emergency shelters and 83 per cent of transition homes said victims were staying longer than they had in the past while searching for housing.

Canada's housing crisis leads to more unsafe housing for victims of domestic violence

Canada Post strike enters fourth week

Canada Post and the union representing more than 55,000 striking workers appeared closer to resuming negotiations as the strike entered its fourth week. Federal mediation was put on hold last week due to the sides being too far apart.