OTTAWA — The Canadian economy outpaced expectations in the final quarter of the year, Statistics Canada said Friday, thanks largely to a surge in household spending. Real gross domestic product rose 2.
OTTAWA — The Canadian economy outpaced expectations in the final quarter of the year, Statistics Canada said Friday, thanks largely to a surge in household spending.
Friday’s release also showed the Canadian economy grew 2.2 per cent annualized in the third quarter of 2024, revised up from initial estimates for one per cent growth. Despite disruptions from the Canada Post strike, the transportation sector bumped higher in December, thanks to a surge in business for couriers and the end of rail and port strikes in November leading to a rebound in growth.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trade surplus with U.S. widened in December but down overall in 2024: StatCanCanada's construction news
Read more »
Hate-Related Incidents in Ottawa Drop Slightly in 2024The number of hate-related incidents recorded in Ottawa in 2024 decreased slightly compared to the previous year, following a period of rising reports. The Ottawa Police Service hate and bias crime unit handled 467 incidents, including 351 criminal and 116 hate-motivated incidents. Despite the decrease, police emphasize that hate crimes remain 'extremely underreported'.
Read more »
Ottawa's Townhome Market Booms: Sales Surge 75% in 2024Ottawa's real estate market is experiencing a remarkable surge in multi-family unit sales, driven primarily by the popularity of new townhomes. Sales climbed 75% between 2023 and 2024, with 1,997 new townhomes sold, reflecting a 72% year-over-year increase. Experts attribute this growth to factors such as affordability, location, and the evolving preferences of first-time buyers.
Read more »
US Economy Ends 2024 on Solid Note Fueled by Consumer SpendingThe U.S. economy concluded 2024 with positive momentum, driven primarily by resilient consumer spending. Despite a slight dip in fourth-quarter GDP growth, the economy continued to expand, showcasing the strength of domestic demand. However, inflationary pressures persisted, prompting the Federal Reserve to maintain a cautious stance on interest rates.
Read more »
Oilers look to end losing streak against Panthers in rematch of 2024 Stanley Cup finalThe Oilers have been outscored 17-7 in the three games coming out of the 4 Nations Face-Off break.
Read more »
Holland says more pharmacare deals will be signed 'in the coming days'Minister of Health Mark Holland rises during Question Period, Monday, Dec 2, 2024 in Ottawa.
Read more »