Canada's GDP is expected to grow at an annual rate of 1.8% in 2026, driven by a strong service sector and a recovery in the manufacturing sector.
The Conference Board of Canada forecasts that the energy sector will drive growth in 2026, with a 3.5% increase in output, while the finance and insurance sector is expected to grow by 2.5%.
According to Statistics Canada, the retail trade sector is expected to experience moderate growth in 2026, with a 2.2% increase in sales, while the accommodation and food services sector is forecast to grow by 3.1%.
IBISWorld predicts that the Canadian construction sector will experience a 2.1% increase in revenue in 2026, driven by government investment in infrastructure projects.
The Bank of Canada expects the Canadian economy to grow at a moderate pace in 2026, with the service sector driving growth, while the goods sector is expected to experience a slower pace of growth.
Scotiabank Economics forecasts that the provinces of British Columbia and Ontario will experience above-average economic growth in 2026, driven by a strong technology sector and a rebound in the manufacturing sector.
PwC Canada expects the country's energy sector to experience a significant increase in investment in 2026, driven by government policies and technological advancements.
Access historical and forecast data on Canada's economy, including sectoral trends and forecasts, using our interactive tools and dashboards.