Canada's economy posts fastest G7 growth at 3.3%, double the U.S. pace
Statistics Canada reports strong annualized growth, with GDP per capita climbing 3.9% and exports up 15.1%, marking the fastest expansion in three years.
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Canada's economy is growing at 3.3% annualized—the fastest pace in three years and double the rate of the United States—according to new data from Statistics Canada released Thursday.
GDP per capita is climbing 3.9%, while business investment surged 8.9%. Exports jumped 15.1%, positioning Canada as the strongest performer among Group of Seven nations.
Federal Finance Minister François-Philippe Champagne framed the figures as validation of the government's economic plan. "Canada's economy is growing — and our plan is working. The strongest growth in the G7. More investment. More exports. A stronger Canadian economy," he said.
The figures signal momentum heading into a period of uncertainty tied to trade tensions with the United States, though the annualized rate itself reflects the latest quarter's performance rather than forward projections.
By the numbers
How does Canada's economic growth compare to the U.S.?
Canada's economy is growing at 3.3% annualized, double the rate of the United States, making it the fastest pace in three years.
Where does Canada rank among G7 nations for economic growth?
Canada is the strongest performer among Group of Seven nations, with exports jumping 15.1% and GDP per capita climbing 3.9%.
How much did Canadian business investment increase?
Business investment in Canada surged 8.9% according to Statistics Canada's latest data.
