The Big Story Big Headlines: Statistics Canada has released the GDP data for the month of November and Luigi Mangione will not face the death penalty
Jan 30, 2026
Mike Eppel, senior business editor who explains economic data and trade impacts, breaks down November GDP and how U.S. tariffs hurt Canadian manufacturing. He also discusses threatened tariffs on Canadian planes and wider trade negotiations with the U.S. Short, sharp takes on politics and legal headlines round out the conversation.
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Trade Pain Hid In Sectoral Data
- November GDP held nearly flat but masked sectoral damage from U.S. trade restrictions.
- Manufacturing, paper, forestry and steel showed notable year-over-year contractions almost 5%.
Strikes Masked Overall Weakness
- Stoppages ending in Alberta, B.C. and a postal strike rebound artificially propped up overall GDP.
- That temporary boost may hide an actual fourth-quarter contraction for Canada.
Trump Ups The Rhetoric On Canada
- Donald Trump warned Canada against doing business with China and threatened hockey bans as rhetoric.
- He also proposed 50% tariffs on Canadian planes amid a dispute over Gulfstream certifications.