Canada's economy demonstrated resilience at the start of 2024, with the gross domestic product (GDP) in January increasing by 0.6%, marking the fastest growth rate within a year, according to Statistics Canada. This growth exceeded market expectations, which had forecasted a growth of around 0.4%. The momentum appeared to continue into February, with preliminary estimates suggesting the economy likely expanded by an additional 0.4%. The end of public sector strikes in Quebec contributed to this positive economic performance. Statistics Canada highlighted these developments, underscoring the Canadian economy's ability to outperform growth forecasts.
Canada's GDP rebounds in January, likely up 0.4% in February https://t.co/lvnbbHdq0c https://t.co/o6eGfD6PBL
Canada's economy grows more than expected https://t.co/8GRkm9ukp1 https://t.co/kB2wP9DmmB
Statistics Canada reports real GDP up 0.6 per cent in January as Quebec strikes end https://t.co/tQbiqMGzKM
The Canadian economy grew 0.6 per cent in January, the fastest growth rate in a year, while the economy likely expanded 0.4 per cent in February, Statistics Canada says. https://t.co/ijXfzyMeYT .
⚠️ CANADA'S GDP OUTPERFORMS JAN GROWTH FORECAST, LIKELY GREW 0.4% IN FEB Full Story → https://t.co/2GZYKuQn2t Canada's gross domestic product in January increased 0.6%, the fastest growth rate in a year and higher than forecasts, and the economy likely expanded 0.4% in… https://t.co/WiSXefGh5G
Canadian GDP came in hotter than expected in Jan. See if you can spot the industry outlier... https://t.co/2EKnTOYzh7
Canada being Canadian GDP coming in hotter than expected for January. See if you can spot the industry outlier 🙄 https://t.co/06U8MTIKxB
Canada’s GDP outperforms growth forecast in January, likely grew 0.4% in February https://t.co/T0DMqZGIW1
The Canadian economy grew by about 0.6% on a monthly basis in January, outperforming market expectations which had forecasted growth of around 0.4%. US Gross Domestic Product (GDP) growth increased by 3.4% in Q4, compared to the previous reading of 3.2% in Q3 of 2023.
Canada’s economy still showing modest growth to start 2024 https://t.co/i5X16SSHud https://t.co/iLbTuI7faw
Canada's economy was still showing signs of growth to start the year, thanks in part to the end of public sector strikes in Quebec. READ MORE: https://t.co/F44TVCrChB https://t.co/F44TVCrChB
Canada's economy still has some gas left in the tank https://t.co/zGNLR70QNK