Canada’s real gross domestic product rose by 0.1% in June from May amid a slumping housing sector, according to data released by Statistics Canada on Wednesday. For the second quarter overall, the economy posted a 3.3% gain, which fell short of expectations. While the economy is not in recession, the ... READ MORE >
Canada gross domestic product
Canada’s GDP rises, led by construction and trade
Canada’s gross domestic product in January increased modestly by 0.2% from December as the effects of the omicron variant paused growth in the services sector. The gain came entirely from goods-producing industries, which increased by 0.8%, while the services-producing industries saw no growth because ... READ MORE >
Canada’s growth picked up at end of last year as economy reopened
The Canadian economy ended 2021 on a strong note, expanding by 4.6% on an annual basis thanks to a reopening economy, according to data released by Statistics Canada on Tuesday. Real gross domestic product, after adjusting for inflation, grew by 1.6% in the fourth quarter on a quarterly basis following ... READ MORE >
Canada’s GDP surpasses pre-pandemic level
Canada’s gross domestic product in November rose by 0.6%, surpassing the pre-pandemic level by 0.2% thanks to growth across almost all sectors of the economy, according to data released by Statistics Canada on Tuesday. November’s strong growth can be credited to Canada’s high vaccination rates. With ... READ MORE >
Canada’s GDP rose at 5.4% annual rate as economy reopened
Canada’s gross domestic product grew by a strong 5.4% in the third quarter on an annual basis and by 1.3% from the previous quarter as spending on in-person services rose, according to data released by Statistics Canada on Tuesday. Household spending on semi-durable goods and on services had the ... READ MORE >