Canada's Economy Surprises with Unexpected Growth, Ottawa Invests in Quantum Tech

Canada's economy grew by 0.3 per cent in the first quarter of 2026, contradicting earlier reports that it had contracted by 0.1 per cent.

The revised data from Statistics Canada was released on Friday and shows that the country narrowly avoided a recession.

The federal government is investing $195 million in Xanadu Quantum Technologies Inc.'s advanced manufacturing facilities to help build a quantum data centre and boost Canada's cutting-edge technology supply chain.

U.S. Federal Reserve Chairman Kevin Warsh expressed concern over inflation, causing bond markets to react negatively with U.S. five-year yields reaching a two-and-a-half-year high.