GDP is a key gauge, but only one piece in understanding Canada’s economic reality

GDP tells us a great deal about what has already happened. Other indicators help us understand where the economy may be heading, and how economic changes are affecting Canadians.

While recent GDP releases have raised legitimate concerns about economic weakness, employment has remained relatively resilient, and inflation itself has returned closer to the Bank of Canada's target range, writes Anil Anora, former chief statistician of Canada.The Hill Times photograph by Andrew Meade

Opinion

BY ANIL ARORA

June 25, 2026

Canada has spent much of the past year debating whether we are in a recession. It is an important question, but perhaps not the most important one.The better question is whether we are looking at the right combination of indicators to understand what is really happen...

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