Americas · World Bank + FRED data · updated Sep 28, 2026
Canada economy forecast
For 2026 the model expects inflation of 2.2%, GDP growth of 2.4% and unemployment of 6.6% in Canada.
Inflation
CPI, annual %
2.2%
2026 forecast
Latest · 2025: 2.1%▲ +0.1 pp
GDP growth
Annual %
2.4%
2026 forecast
Latest · 2025: 1.7%▲ +0.7 pp
Unemployment
% of labor force, ILO modeled
6.6%
2026 forecast
Latest · 2025: 6.9%▼ −0.3 pp
GDP per capita
Current US$
$56,689
2026 forecast
Latest · 2025: $55,698▲ +1.8%
Population
Population, total
42.07M
2026 forecast
Latest · 2025: 41.65M▲ +1.0%
USD/CAD
CAD per 1 USD
1.3861
in 12 months
Last close · Sep 25, 2026: 1.4140▼ −2.0%
Canada at a glance, 2026–2028
| Indicator | Latest | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Inflation | 2.1% 2025 | 2.2% | 2.1% | 2.4% |
| GDP growth | 1.7% 2025 | 2.4% | 2.4% | 2.4% |
| Unemployment | 6.9% 2025 | 6.6% | 6.6% | 6.5% |
| GDP per capita | $55,698 2025 | $56,689 | $56,851 | $57,138 |
| Population | 41.65M 2025 | 42.07M | 42.40M | 42.69M |
Medians; each indicator's page shows its 80% range and backtest.
Other countries in Americas
All countriesStatistical model, not financial advice. Forecasts are automatic outputs of TimesFM 2.5 on public data; outcomes land outside the 80% range about one time in five.