Statistics Canada to Release June and Q2 GDP Data Today

Statistics Canada is set to unveil the gross domestic product (GDP) data for June and the second quarter of 2025 today. This release comes amidst growing concerns over trade uncertainties and tariffs that have impacted both business and consumer confidence across the nation.

Economic Context and Expectations

Early estimates from Statistics Canada indicated that the economy may not have grown during the second quarter, projecting zero growth. This would represent a significant slowdown compared to the 2.2 percent annualized increase recorded in the first quarter of the year. The first quarter’s growth saw companies accelerate their activities to preemptively address impending tariff deadlines, contributing to heightened economic activity.

For June, analysts anticipate a slight growth of 0.1 percent, which would break a two-month streak of declining monthly GDP figures. This modest uptick offers a glimmer of hope as the economy grapples with ongoing challenges.

Insights from Economists

Economists at RBC, Canada’s largest bank, provided insights on the current economic climate. They noted that while tariff-related uncertainties will continue to weigh on businesses, exemptions under the CUSMA agreement have helped shield the Canadian economy from the most severe impacts. RBC experts predict that the economy will experience muted yet positive growth for the remainder of the year.

This report serves as a critical indicator for policymakers and investors alike, as the GDP figures will provide a clearer picture of the economic landscape in Canada. The release is keenly anticipated, considering its implications for future economic decisions.

As the data becomes available, it will be closely monitored by various stakeholders, including government officials, business leaders, and financial analysts, to assess the health and trajectory of the Canadian economy.