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Statistics Canada reports increase in GDP by an annualized rate of 1%, beating expectations


Growth has now topped 2% for six straight quarters, defying fears that high interest rates would lead to a recession

Global growth

Asian countries are expected to drive global growth again in 2024 and 2025

  • By: IE Staff
  • February 5, 2024 February 5, 2024
  • 14:01
canadian money

Economic bounce back at the end of 2023 could push back rate cuts, economists say

Collection of Euro bills

The eurozone grew 0.5% for the full year, while the U.S. grew 2.5%

Canadian flag

Manufacturing, wholesale trade, real estate were among sectors that contracted

outline of people

The agency says figures for the first nine months of 2023 have already surpassed the total growth in any other full year

a man on a precipice

Soft landings are in sight for Canada and the U.S., according to outlook reports from Scotiabank and BMO

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Economists expect Bank of Canada to remain on hold amid economic weakness

Globe dollars

The organization projects that recessions will be avoided "almost everywhere"