The Gross Domestic Product (GDP) in Canada expanded 1.20 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Canada GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The United States has had the highest economic growth in the G7 since the start of the COVID-19 pandemic, with its economy *** percent larger in the first quarter of 2023, when compared with the fourth quarter of 2019. By contrast, the United Kingdom and Germany have both seen their economies shrink by *** percent in the same time period.

Packaging and labelling service providers have benefited from a growing Canadian economy, encouraging Canadian manufacturers to increase production to satisfy growing consumer demand. Despite disruptions posed by COVID-19, strong consumer spending and improved economic conditions have buoyed revenue growth. As consumer consumption has increased and companies have ramped up production, the surge in product volume necessitates efficient and innovative packaging to meet distribution needs. The shift toward sustainable and efficient packaging materials has also supported expansion, as clients have become more willing to outsource specialized packaging functions. Although disruptions from the pandemic still impact revenue trends, the industry is poised for a second consecutive year of growth, with revenue anticipated to increase by 0.9% in 2024. However, industry revenue is expected to contract at a CAGR of 2.1% over the five years to 2029 to reach $1.2 billion. Economic growth has underpinned demand for the industry. Consumer spending has risen as per capita disposable income grew, with Canadians consuming more, especially as the economy expanded following pandemic restrictions. Greater commercial activity has necessitated that downstream manufacturers and retailers use packaging and labelling services more frequently. Still, the industry has been challenged by volatile input prices, producing moderate contractions in 2021 and 2022 as price-sensitive customers reduced their reliance on outsourced packaging and labelling services. This factor, coupled with the intense competitive pressures already present in the industry, has limited the expansion of profit margins.Packaging and labelling service providers will enjoy stable growth fueled by greater manufacturing and distribution of commercial goods. Both consumer spending and retail sales are forecast to grow in turn. Packaging and labelling service providers are expected to benefit from consumer confidence rising as inflationary pressures ease. As a result, industry revenue is expected to increase at a CAGR of 1.9% to $1.3 billion over the five years to 2029. Still, price-based competition will remain ever-present, limiting profitability.

Manufacturing Sales in Canada increased to 1.80 percent in July from 0.30 percent in June of 2025. This dataset provides - Canada Manufacturing Sales MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.