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Canada's economy shrank 0.3% in October 2025 due to declines in manufacturing, construction, and transportation.
Canada's economy contracted by 0.3% in October 2025, reversing a 0.1% gain in September, according to Statistics Canada.
The decline was driven by downturns in manufacturing, construction, and transportation, despite modest growth in consumer spending.
Weak business investment and inventory reductions weighed on the economy, while the unemployment rate held steady at 6.9%.
Analysts attribute the contraction to global headwinds and tight monetary policy, though some caution against overreacting to a single month's data.
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La economía de Canadá se contrajo un 0.3% en octubre de 2025 debido a las disminuciones en la fabricación, la construcción y el transporte.