February 5, 2026

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Canadian economy shrank by 0.3% in October, the biggest slump in almost 3 years

Canadian economy shrank by 0.3% in October, the biggest slump in almost 3 years

A steel worker uses a grinder on a steel stairs being manufactured for a high school.

The drop was largely due to contraction in the goods and services sectors. Analysts had predicted that growth would dip by 0.2 per cent ahead of the release.

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