28.02.202513:30:00UTC+00Canada's GDP Growth Accelerates Marginally in Fourth Quarter of 2024

Canada's economy showed a modest increase in growth during the final quarter of 2024, with the Gross Domestic Product (GDP) rising to 0.6%. This follows a previous quarter growth of 0.5% in the third quarter of the same year. The latest data, revised on February 28, 2025, offers a quarter-over-quarter comparison, highlighting a slight uptick in economic activity as the country heads into 2025.

The newly released figures indicate a cautious yet positive momentum in economic performance, as Canada builds upon the third quarter's figures. This steady progress suggests a stabilizing economy amidst various internal and global challenges. The comparison of the current quarter's GDP growth to the last quarter reflects the efforts to mitigate economic headwinds and foster resilience against potential downturns.

With the economy exhibiting a tentative gain, stakeholders across sectors will likely remain vigilant, monitoring trends and bolstering strategies to sustain growth in the coming quarters. As the year progresses, Canada's economic outlook appears cautiously optimistic, underpinned by this incremental improvement in GDP performance.