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

Premiers seek 'urgent' meeting with Trudeau before Trump returns to White House

Canada's premiers are asking Prime Minister Justin Trudeau to hold an urgent first ministers' meeting ahead of the return to office of president-elect Donald Trump. The re-election of the often unpredictable and protectionist former president has spooked a number of countries as they wait to see if he makes good on promises of mass deportation of undocumented residents and across-the-board import tariffs.

Premiers seek 'urgent' meeting with Trudeau before Trump returns to White House

Freeland says the two-month GST holiday is meant to tackle the 'vibecession'

The federal government is hoping a temporary break on GST will address a 'vibecession' that has gripped Canadians, Finance Minister Chrystia Freeland said Monday. Prime Minister Justin Trudeau announced on Thursday that starting Dec. 14 the goods and services tax will be taken off a slew of items for two months to help with the affordability crunch.

Freeland says the two-month GST holiday is meant to tackle the 'vibecession'

First Nation goes to court, accusing B.C. of not consulting over major gold mine

A First Nation says it wasn't meaningfully consulted before the British Columbia government "effectively greenlit" what has been called the world's largest undeveloped gold mining project.

First Nation goes to court, accusing B.C. of not consulting over major gold mine

Darpan 10 with The Honourable David Eby, Premier of British Columbia

The Darpan 10 with the Premier of BC, Mr.David Eby. He shares more about his second term as Premier and what British Columbians can expect during the next 4 years.

Darpan 10 with The Honourable David Eby, Premier of British Columbia

Trudeau directs key adviser to deliver renewed national security strategy

Prime Minister Justin Trudeau has directed a top adviser to deliver a renewed national security strategy setting out a framework for Canada’s security, defence and diplomatic posture. In a mandate letter to national security and intelligence adviser Nathalie Drouin, Trudeau says he expects her to consult Canadians and work through the national security council to develop the strategy.

Trudeau directs key adviser to deliver renewed national security strategy

Drug smuggling intercepted by CBSA

The Canada Border Services Agency says officers intercepted 210 bricks of cocaine being smuggled into B-C in three separate incidents. It says the seizures amounted to a combined weight of 246 kilograms worth of drugs that have an estimated street value of more than 6.6 million dollars.