Quebec’s inflation-adjusted GDP grew by 0.5 per cent in the first quarter of 2025 compared to the previous quarter.
The province’s statistics institute says the growth is mainly from increased investment in the business sector.
Investment spending rose 1.8 per cent in the first three months of the year, following a 3.4 per cent increase in the previous quarter.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Total exports of goods and services jumped 2.3 per cent, the strongest growth since the second quarter of 2022.
- Alberta man told to take taxi to ER despite emergency bleeding after knee surgery
- ‘Extraordinarily foolish’: Video shared online shows boat jumping in BC Ferry’s wake
- Saskatchewan cities seeing record-high housing prices, low supply
- Road to the Referendum: Lessons from Quebec as Albertans decide whether to leave Canada
Total imports rose by 1.6 per cent.
Consumer spending, however, fell 0.4 per cent in the first quarter of 2025, after six consecutive quarterly increases.
On an annualized basis, Quebec’s GDP grew by 2.1 per cent in the first quarter.
Comments
Want to discuss? Please read our Commenting Policy first.