Statistics Canada announced that Canada's real gross domestic product (GDP) grew 0.4% in January, following a 0.3% increase in December. Both goods-producing and services-producing industries were up, with 13 of 20 sectors rising in January.

Goods-producing industries contributed the most to the increase, rising 1.1% in January, the largest increase since October 2021, as all industrial sectors in the aggregate expanded in January 2025. The mining, quarrying, and oil and gas extraction and manufacturing sectors were the largest contributors to growth. Services-producing industries edged up 0.1%.

Construction rose 0.7% in January as most types of construction activity were up. Residential building construction (+1.4%) was the largest contributor to the increase in January, posting its fifth increase in six months and bringing activity to its highest level since November 2023.

Retail trade was the largest detractor to growth in January, after being the largest contributor to growth in December, contracting 0.9% in January as activity in 6 of 12 subsectors decreased. Motor vehicle and parts dealers (-3.2%), which was one of the largest drivers of growth in December, contributed the most to the sector's decline in January.

 

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