Canada First-Quarter GDP Expands by 2.2% Annualized Rate, Beating Estimates

Canada's economy grew faster than expected in the first quarter, data showed on Friday, primarily driven by exports as companies in the United States rushed to stockpile Canadian goods before President Donald Trump's tariffs were implemented.

But an increase in imports that led to inventory build-up, lower household spending and weaker final domestic demand indicate that the economy struggled on the domestic front. Economists have warned that as U.S. tariffs on Canada continue, this trend will persist.

The gross domestic product in the first quarter grew by 2.2%...

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