Canadas economy grew 1.4% in 2024, early estimates show – National [Video]

The Canadian economy showed signs of life at the end of 2024, Statistics Canada said Friday, despite stumbles in November.

The agency said real gross domestic product (GDP) declined 0.2 per cent in November, coming after a 0.3 per cent boost in October.

StatCan said that November’s drop was the largest monthly contraction since December 2023.

Goods-producing industries gave back some of the gains posted in October, while the services side of the economy saw a slight decline after five consecutive months of growth.

The national decline in November came despite Taylor Swift’s Eras Tour arriving in Toronto, which StatCan said helped to boost sectors related to the arts, food and accommodation and air transportation.

The Canada Post strike dragged down the transportation and warehousing sector in November, as did …