Economists Cut Canada 2026 Growth Forecast to 0.7% After Q1 Contraction
Updated
Updated · Econbrowser · Jun 26
Economists Cut Canada 2026 Growth Forecast to 0.7% After Q1 Contraction
3 articles · Updated · Econbrowser · Jun 26
Summary
Bloomberg-surveyed economists now expect Canada’s economy to grow just 0.7% in 2026, a sharp slowdown after output shrank in the first quarter.
The downgrade reflects a weaker starting point for the year: Q1 contraction has pulled down the expected path for annual GDP.
Bloomberg consensus estimates in the chart sit below the prior consensus, signaling forecasters have marked down Canada’s growth outlook rather than expecting a quick rebound.