FX.co ★ Canada’s GDP Growth Accelerates to 1.13% in Q2 2026, Marking Strong Year-Over-Year Rebound

Canada’s economy showed a solid pickup in momentum in the second quarter of 2026, with gross domestic product (GDP) expanding by 1.13% year-over-year, according to data updated on 28 August 2026. The latest figure marks a notable improvement from the first quarter of 2026, when GDP growth stood at just 0.06% on a year-over-year basis.

The data are based on a year-over-year comparison, meaning the current reading reflects how much GDP has changed compared with the same quarter a year earlier, while the previous figure compares first-quarter activity with the first quarter a year before. The sharp rise from 0.06% to 1.13% suggests that economic activity has strengthened meaningfully as 2026 has progressed.

While no sector breakdown was provided, the overall acceleration in GDP indicates a broad-based improvement in Canada’s economic performance in the second quarter. The stronger growth rate may help shape expectations for the remainder of 2026, as policymakers and investors assess whether this momentum can be sustained in the coming quarters.