GrowthNow for November 2024

GrowthNow for November 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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In this report, we estimate Canada’s GDP growth for the fourth quarter of 2024, based on data and estimates for the same period in 2024. Real GDP by industry grew by less than 1.0 per cent in September and October and advance estimates show slower growth in November. Which industries lagged the most? What did this mean for employment and consumer confidence? With the recent electoral outcome in the U.S., particularly looming trade restrictions, what can we expect from the U.S. and how will Canada respond?

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