GrowthNow for December 2024

GrowthNow for December 2024

Business and Household Indicators Canadian Economic Analysis
8 min read

Author: David Ristovski

$125.00

GrowthNow is a real-time forecast of Canadian real GDP growth, using the latest statistics on GDP by industry, retail sales, inventories, manufacturing sales, trade, commodity prices, employment, and consumer confidence.

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Economic Uncertainty Ahead Despite Moderate Growth in Q1 2025

GrowthNow is a real-time forecast of Canadian real GDP growth, using the latest statistics on GDP by industry, retail sales, inventories, manufacturing sales, trade, commodity prices, employment, and consumer confidence.

We estimate that the Canadian economy grew by 0.2 per cent quarter-over-quarter in the first quarter of 2025. While real GDP by industry rose in December 2024, not all areas grew. Which industries advanced and which lagged? What was the impact on employment levels? How has the Bank of Canada managed the policy interest rate? What impact has all the uncertainty over trade relations with the U.S. had on consumer confidence in Canada?

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