For additional information relating to this article, please contact:
April 30, 2026CANADA GDP BY INDUSTRY, FEBRUARY 2026 Month-over-month (February 2026 vs January 2026)
Real Gross Domestic Product (GDP) in Canada was up by 0.2% in February 2026, with gains in both goods and services producing industries.
Real GDP in Canada's goods producing industries rose by 0.4% from January to February.
Real GDP in Canada's services-producing industries rose 0.1% from January to February.
In February 2026, eight of Canada's key industry sub-sectors reported real GDP growth compared to the previous month.
Among goods-producing industries, declines agriculture/forestry/fishing, utilities and construction were offset by gains in mining/oil/gas and manufacturing. Mining/oil/gas continued to grow in February on higher oil/gas output in Newfoundland and Labrador and Saskatchewan along with higher natural gas production. Manufacturing rebounded in February, the fastest monthly growth since January 2023 and led by growth in machinery manufacturing.
Service-producing industries reported real GDP growth of 0.1% compared to January. Growth was reported in six subsectors, led by transportation/warehousing and wholesale trade. Wholesale trade was led by growth in motor vehicle/parts wholesalers alongside increased production of motor vehicles. Company management reported the fastest decline, though this is a relatively small industry, followed by arts/recreation.
Year-to-date (January-February 2026 vs January-February 2025)
The Canadian economy was 0.8% larger in the first two months of 2026 when compared to the same period of 2025.
Real GDP from goods-producing industries grew 0.3% as gains in agriculture/forestry/fishing, mining/oil/gas and construction offset declines in manufacturing and utilities.
Real GDP from services-producing industries was up 1.0% with gains in most industries. The strongest gains were in information/culture, finance/insurance, transportation/warehousing. 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)