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March 31, 2026CANADA GDP BY INDUSTRY, JANUARY 2026 Month-over-month (January 2026 vs December 2025)
Real Gross Domestic Product (GDP) in Canada was up by 0.1% in January 2026, with small gains in both goods and services producing industries.
Real GDP in Canada's goods producing industries rose by 0.2% from December 2025 to January 2026.
Real GDP in Canada's services-producing industries edged up 0.02% from December 2025 to January 2025.
In January 2026, ten of Canada's key industry sub-sectors reported real GDP growth compared to the previous month.
Among goods-producing industries, declines agriculture/forestry/fishing and manufacturing were offset by gains in mining/oil/gas, utilities and construction. Mining/oil/gas rebounded from a December decline on higher oil/gas output in Newfoundland and Labrador and Saskatchewan along with higher coal and potash production. Manufacturing contracted in January - erasing December's gains with declines in both durable and non-durable goods manufacturing. Construction real GDP was up for the third month in a row.
Service-producing industries reported real GDP growth of 0.02% compared to December. Growth was reported in seven subsectors, led by information/culture and retail. Company management reported the fastest decline, though this is a relatively small industry. Wholesale trade contracted due to lower motor vehicles/parts merchants.
Year-over-year (January 2026 vs January 2025)
The Canadian economy was 0.6% larger in January 2026 when compared to January 2025.
Real GDP from goods-producing industries contracted 0.5% as declines in mining/oil/gas, manufacturing and utilities more than offset gains in agriculture/forestry/fishing and construction.
Real GDP from services-producing industries was up 1.1% with gains in most industries. The strongest gains were in finance/insurance, retail trade, and information/culture. Notable declines were reported in company management (though this is a small industry), education and wholesale trade.
Source: Statistics Canada, Table 36-10-0434-01 Gross domestic product (GDP) at basic prices, by industry, monthly (x 1,000,000)
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