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   How did Canada's GDP grow in Q1 2024?

   • Canada’s real GDP rose 1.7% (annualized) in Q1 2024, after showing near zero growth in the previous quarter. Higher household spending on services was the main driver of GDP growth, while slower inventory accumulation moderated overall growth. Household consumption climbed 3.0%, making it the largest contributor to GDP growth.

   Quarterly economic and trade report – Q1 2024 - Affaires mondiales Ca…

   www.international.gc.ca/trade-commerce/economist-economiste/q1-2024.aspx?lang=eng

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   How did the first quarter of 2024 affect GDP?

   • Real gross domestic product (GDP) increased 0.4% in the first quarter, after posting no change in the fourth quarter of 2023  (revised down from 0.2%). In the first quarter of 2024, higher household spending on services was the top contributor to the increase in GDP, while slower inventory accumulations moderated overall growth.

   Gross domestic product, income and expenditure, first quarter 2024

   www150.statcan.gc.ca/n1/daily-quotidien/240531/dq240531a-eng.htm

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   How much did the global economy grow in Q1 2024?

   • Source: Oxford Economics, Netherland Bureau for Economic Analysis, Statistics Canada; IMF January World Economic Outlook. The global economy grew at an annual rate of 2.6% in Q1 2024, close to the growth recorded in the last quarter of 2023 (revised 2.5%). U.S. GDP moderated, growing only 1.6% in Q1 2024 (from a revised 3.4% in Q4 2023).

   Quarterly economic and trade report – Q1 2024 - Affaires mondiales Ca…

   www.international.gc.ca/trade-commerce/economist-economiste/q1-2024.aspx?lang=eng

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   Is the Canadian economy outperforming expectations in 2024?

   • The Canadian economy is outperforming expectations to start the year, according to Statistics Canada data. The agency reports that real gross domestic product (GDP) in the first month of 2024 rose 0.6 per cent from December, beating most economists’ expectations.

   ‘Robust’ GDP growth to start 2024 puts Bank of Canada in tough spot

   globalnews.ca/news/10389121/canada-economy-gdp-january-2024/

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2. www150.statcan.gc.ca › n1 › daily-quotidienGross domestic product, income and expenditure, first quarter ...

   www150.statcan.gc.ca › n1 › daily-quotidien

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   May 31, 2024 · The goods-producing industries grew 0.7% in the first quarter of 2024 on the heels of a 0.4% contraction in the fourth quarter of 2023. Total wages and salaries in educational services rose 5.9% in the first quarter of 2024, driven by Quebec, where there was strike action in the previous quarter.

   • Canadian Survey on Business Conditions, first quarter 2024

     Supply chain and price pressures have remained stable for...

3. budget.canada.ca › 2024 › report-rapportEconomic and Fiscal Overview | Budget 2024 - Canada

   budget.canada.ca › 2024 › report-rapport

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   Apr 16, 2024 · This suggests that growth in the first quarter of 2024 is on track for around 3.5 per cent annualized. In recent months, household and small business sentiment has also been more positive.

4. Videos

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     Canada’s economy in 2024: 4 things to watch

     Jan 1, 2024

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     Canada’s economic forecast for 2024 | The Social

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     Canada’s population grew by 1 million in 2022: StatsCan

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5. www.cbc.ca › news › businessCanada's GDP grew less than expected. Will a rate cut follow?

   www.cbc.ca › news › business

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   May 31, 2024 · Canada's GDP grew in the first quarter of 2024 thanks in part to household spending on telecom services and automobiles. Here, a man checks out a car at a BMW dealership in Toronto. (Sam...

6. globalnews.ca › canada-economy-gdp-january-2024‘Robust’ GDP growth to start 2024 puts Bank of Canada in ...

   globalnews.ca › canada-economy-gdp-january-2024

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   Mar 28, 2024 · With signs of a strong start to the year, real GDP is tracking for an annualized gain of 3.5 per cent in the first quarter, well above the Bank of Canada’s expectations for 0.5 per cent.

7. www150.statcan.gc.ca › n1 › daily-quotidienCanadian Survey on Business Conditions, first quarter 2024

   www150.statcan.gc.ca › n1 › daily-quotidien

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   Feb 26, 2024 · Supply chain and price pressures have remained stable for Canadian businesses in the first quarter, following the downward trend started in the first quarter of 2022. As well, the outlook of businesses is relatively unchanged in the first quarter of 2024 compared with the fourth quarter of 2023.

8. capitalmarkets.bmo.com › en › news-insights2024 Canada Economic Outlook: Yielding to Reality

   capitalmarkets.bmo.com › en › news-insights

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   Oct 24, 2023 · But while the U.S. and global economies have beaten expectations, Canada’s economy has struggled to grow, and it appears that it will continue to do so through much of 2024. There are several reasons why.

9. www.international.gc.ca › q1-2024Quarterly economic and trade report – Q1 2024

   www.international.gc.ca › q1-2024

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   Jul 16, 2024 · Canada’s real GDP rose 1.7% (annualized) in Q1 2024, after showing near zero growth in the previous quarter. Higher household spending on services was the main driver of GDP growth, while slower inventory accumulation moderated overall growth.