Episode Details

Quebec’s economy edged up 0.3% in Q1 2026, fueled by a surprising surge in inventory buildup—driven by gold stocks and manufacturing—after a 0.1% dip in Q4 2025. But beneath the surface, domestic demand shrank 1.3%, exports fell 0.9%, and consumer and investment spending both dropped. Global trade tensions, especially U.S. protectionism, continue to weigh on Quebec’s export-heavy economy. Still, optimism grows for Q2, with labor market improvements and temporary boosts from sports and events expected to lift growth in April and May—though true resilience won’t be clear until June.

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