IMF Keeps Its 2026 GDP Growth Estimates Unchanged for Canada as Ups Global Growth Forecast

09:00 AM EDT, 10/13/2026 (MT Newswires) -- The International Monetary Fund on Tuesday kept its gross domestic product growth estimate for Canada unchanged for this year as it slightly raised its forecast for global economic growth over the same period. The IMF left its projection of Canada's GDP growth at 1.1% this year versus its July World Economic Outlook (WEO) Update, while it increased its estimate for global expansion by 0.1 percentage point to 3.1%. The IMF also kept unchanged its 2027 GDP growth estimate for Canada at 1.7% and at 3.4% for the world economy. Canada's "growth is expected to ease to 1.1 percent in 2026 and rise to 1.7 percent in 2027, with supportive policies and positive terms-of-trade effects partly offsetting weaker momentum and elevated trade uncertainty," wrote the IMF in Tuesday's WEO. Canada's GDP expanded 1.9% last year. The IMF sees Canada's annual consumer price index at 2.8% this year and at 2.4% in 2027. CPI was 2.1% last year.