The Canadian economy was essentially flat in Q1 2026 (-0.1% q/q annualized), coming in below both the consensus forecast (1.5% q/q) and the Bank of Canada’s 1.5% projection. Weakness reflected a sharp rise in imports, which offset a sizable inventory restocking, while underlying domestic demand was soft, with final domestic demand declining 0.4% q/q annualized. […]
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