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May 29, 2026CANADA GDP BY INDUSTRY, MARCH 2026 Month-over-month (March 2026 vs February 2026)
Real Gross Domestic Product (GDP) in Canada was down by 0.1% in March 2026, with gains in service producing industries offset by declines in goods producing industries.
Real GDP in Canada's goods producing industries fell by 0.8% from February to March.
Real GDP in Canada's services-producing industries rose 0.1% from February to March.
In March 2026, eight of Canada's key industry sub-sectors reported real GDP growth compared to the previous month.
Among goods-producing industries, declines in agriculture/forestry/fishing, mining/oil/gas and construction offset gains in manufacturing and utilities. Mining, quarrying, and oil and gas extraction decreased in March, driven by contractions in most comprising subsectors impacted by diruptions while fascilities were being upgraded and inclement weather. Residential construction activity fell during the month, driven primarily by declines in renovations, single-occupancy homes, and apartments.
Service-producing industries reported real GDP growth of 0.1% compared to February. Growth was reported in six subsectors, led by arts/recreation and wholesale trade. Wholesaling activity grew in March, led by the machinery, equipment, and supplies sector due to new product releases and government deliveries. Company management reported the fastest decline, though this is a relatively small industry, followed by retail.
Year-to-date (January-March 2026 vs January-March 2025)
The Canadian economy was 0.5% larger in the first three months of 2026 when compared to the same period of 2025.
Real GDP from goods-producing industries declined 0.9% as gains in agriculture/forestry/fishing and mining/oil/gas were offset by declines in manufacturing, utilities and construction.
Real GDP from services-producing industries was up 1.1% with gains in most industries. The strongest gains were in information/culture, finance/insurance, and transportation/warehousing. Notable declines were reported in company management (though this is a small industry) and education.
Source: Statistics Canada, Table 36-10-0434-01 Gross domestic product (GDP) at basic prices, by industry, monthly (x 1,000,000)