Canada economy

Canadian economy grew by 0.1% in October, Statistics Canada says

Dec 23, 2022 | 9:03am

The Canadian economy grew slightly in October with the latest reading on real gross domestic product coming in higher than expected. Statistics Canada said Friday that the economy edged up 0.1 per cent, outperforming its preliminary estimate that real GDP would remain unchanged for the month. Growth in services-producing industries, led by gains in the […]

Economy grew by annual rate of 3.3% in second quarter, Statistics Canada says

Aug 31, 2022 | 6:56am

The Canadian economy grew at an annual rate of 3.3 per cent in the second quarter, with growth largely driven by increased business investment in inventories and household spending. Statistics Canada released its latest reports on monthly and quarterly real gross domestic product on Wednesday morning, which showed the economy grew for a fourth consecutive […]

Canada’s economy posted it’s worst drop on record in second quarter

Aug 28, 2020 | 7:45am

The economy posted its steepest decline on record in the second quarter as COVID-19 forced businesses to close. Statistics Canada reports real gross domestic product contracted at an annualized rate of 38.7 per cent That was slightly less than economists had expected. Economic output rebounded in May by 4.8 per cent, and by 6.5 per […]