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Oct 23, 2024 · This table displays the results of Data table for Chart 1 Q1 2024 and Q2 2024, calculated using percentage point contribution units of measure (appearing as column headers). Q1 2024 Q2 2024; percentage point contribution; Gross domestic product at market prices: 0.437: 0.53: Household final consumption expenditure: 0.483: 0.083
World trade volumes accelerate in Q2 2024. World merchandise trade volumes rose 1.0% in Q2 2024, the strongest quarter since Q3 2022. During Q2, exports increased by 0.8%, while imports expanded by 1.2%. Emerging economies drove the rise in export volumes in Q2, increasing 2.1%, while exports from advanced economies edged down 0.1%.
Aug 30, 2024 · Housing investment was down 1.9% in the second quarter, the largest decline since the first quarter of 2023. The decrease in the second quarter of 2024 was driven by lower investment in new construction (-1.6%), as work put in place for single-family dwellings and apartments fell, primarily in Ontario. Renovations fell 2.6%, and ownership ...
Oct 24, 2024 · Source: Statistics Canada and Bloomberg, September 2024 . The percentage of components in the CPI basket that had a rise in inflation of 3% or greater year-over-year has declined substantially from its peak in May 2022. Mortgage interest costs will likely slow as the impact of declining rates feeds into the economy and alleviates some pressure.
Apr 24, 2024 · Gu (2024) found that lower firm entry rates have contributed substantially to declines in investment per worker, which fell by 20% from 2006 to 2021. Gu and Willox (2023) showed that higher levels of market power in information and cultural services industries in Canada, an industry group that includes telecommunications, have contributed significantly to the productivity gap between the two ...
Jul 10, 2024 · 2024 started on a high note, with risk assets surging despite interest rate expectations evolving to reflect hotter-than-expected economic data. Second quarter moves were slightly different in nature: U.S. names largely outperformed the rest of world, bonds did little as rate expectations crystalized, gold continued to rally and digital assets took a dive.
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Jun 24, 2024 · S&P Global Ratings expects the Canadian economy to turn the corner in 2024 with a moderate rebound, following annualized growth of below 1% during each of the last three quarters of 2023. The pickup in growth momentum, albeit from a low base, was evident in 1.7% annualized growth in the first quarter, which was in line with our expectation. The rise in Q1 GDP was driven by the services sectors ...
