Canada's real GDP growth slowed to 1.7 percent in 2025, marking the slowest annual growth rate since 2020, Statistics Canada said Friday.
A decrease in exports, particularly to the United States, was the primary driver behind the cooling economy, said the national statistical agency.
According to the agency, total exports fell 1.7 percent in 2025, largely due to a sharp drop in shipments to the United States during the second quarter despite the increases in the latter half of the year.
It said that 2025 saw the first annual contraction in non-farm inventories since the COVID-19 pandemic in 2020. In contrast, farm inventories rose for the first time in three years, bolstered by strong crop production.
Household final consumption expenditure grew by 2.3 percent, remaining consistent with the growth rates of the previous two years.
Total capital investment increased by 1.4 percent in 2025, significantly driven by government spending, with a 45.9-percent surge in investment in weapons systems.
The agency said that both services-producing and goods-producing industries saw growth in 2025, with 16 out of 20 industrial sectors expanding. The finance and insurance sector, along with oil and gas extraction, was the largest contributor to growth.
The manufacturing sector was the biggest laggard for the year, hampered by the negative impact of U.S. tariffs on Canadian products, said Statistics Canada.
Canada's real GDP slows to 1.7 percent in 2025: authorities
The latest round of Iran's retaliatory attacks had injured 16 Qatari citizens by early Sunday, as the country intercepted more than 60 missiles and over ten drones launched from Iran, according to official data.
From Saturday night to Sunday morning, multiple explosions were heard southwest of the capital city of Doha as Qatar's air defense systems repeatedly activated to intercept incoming Iranian missiles.
According to data released by Qatar's Ministry of Defense, since the attacks began on Saturday, Qatar has been targeted by 65 missiles and 12 drones.
Among these, 63 missiles and 11 drones were successfully intercepted before reaching their intended targets while two missiles struck the U.S. military's Al Udeid Air Base in Qatar and one drone hit an early warning radar facility in the country.
Qatar's Interior Ministry announced on Sunday that the attacks had wounded 16 of its citizens, all due to scattered missile debris, with limited property damage in some areas.
The ministry urged citizens to remain indoors whenever possible, avoid non-essential outings, and steer clear of any unidentified objects.
Despite Sunday being the first working day of the week in Qatar, a noticeable decrease in vehicles and pedestrians was observed on the streets.
Following the Saturday attack, Qatar closed its airspace and territorial waters, suspended all public events and gatherings, and shifted all schools to remote learning.
Except for military, security, and healthcare systems, most government agencies implemented remote work arrangements.
Qatar's Ministry of Commerce and Industry also advised the private sector to adopt remote work practices where possible.
Meanwhile, the Qatari government continues to send signals of stability.
The Ministry of Defense said it possesses full capabilities to protect national security, with the current security situation remaining stable and under control.
The Interior Ministry announced that security and civil defense forces have entered a state of full emergency readiness, capable of responding to any emergency.
The Ministry of Commerce and Industry stressed that domestic supplies of daily necessities are enough to meet public demand.
Iranian attacks wound 16 Qatari citizens: Interior Ministry
