{"id":14987,"date":"2025-01-31T14:19:34","date_gmt":"2025-01-31T14:19:34","guid":{"rendered":"http:\/\/torontotribune.ca\/index.php\/2025\/01\/31\/canadas-economy-grew-1-4-in-2024-early-estimates-show-national\/"},"modified":"2025-01-31T14:19:34","modified_gmt":"2025-01-31T14:19:34","slug":"canadas-economy-grew-1-4-in-2024-early-estimates-show-national","status":"publish","type":"post","link":"https:\/\/torontotribune.ca\/index.php\/2025\/01\/31\/canadas-economy-grew-1-4-in-2024-early-estimates-show-national\/","title":{"rendered":"Canada\u2019s economy grew 1.4% in 2024, early estimates show &#8211; National"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-article-socialshare=\"true\">\n<div id=\"article-fontSizer\" class=\"c-fontSizer\">\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--decrease c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Decrease Font\" data-tooltip-title=\"Decrease text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Descrease article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=cv3j60zbx#font-decrease\"\/>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--increase c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Increase Font\" data-tooltip-title=\"Increase text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Increase article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=cv3j60zbx#font-increase\"\/>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n<div id=\"\">\n<p>The Canadian economy showed signs of life at the end of 2024, Statistics Canada said Friday, despite stumbles in November.<\/p>\n<p><\/p>\n<p>The agency said real gross domestic product (GDP) declined 0.2 per cent in November.<\/p>\n<p>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.<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/national.jpg\" alt=\"For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.\"\/>\n\t\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h3>Get breaking National news<\/h3>\n<p>For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>Initial estimates show that real GDP grew 0.2 per cent in December, thanks in part to the beginning of the federal government\u2019s GST\/HST \u201choliday.\u201d StatCan cautions that these early estimates for December will be revised next month.<\/p>\n<p>But if those figures hold, StatCan says the Canadian economy would have grown 1.4 per cent in 2024.<\/p>\n<section id=\"content-dynamic-trending-stories\" class=\"l-inlineStories l-inlineStories--tile u-hide-tablet-landscape\" aria-label=\"Dynamic trending stories section\">\n<p>\n\t\t<span class=\"l-inlineStories__title c-heading c-heading--strikethrough\">Trending Now<\/span>\n\t<\/p>\n<ul class=\"l-inlineStories__posts c-posts c-posts--inline \">\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/10989873\/trump-tariffs-canada-tariffs-oil\/\" class=\"c-posts__inner\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/01\/20250129140148-20250129140148-679a86caa80ce861f53aff8djpeg_93a945.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"Trump says Canada tariffs coming Saturday, \u2018may not\u2019 include oil\" data-title=\"\">Trump says Canada tariffs coming Saturday, \u2018may not\u2019 include oil<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/10989610\/ex-intel-poilievre-top-secret-clearance\/\" class=\"c-posts__inner\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/01\/2025012210010-20250122090124-595ed844dc66cffd6e99eadb1f91addb3488a1a64a643584531b96c8f3e43a3b_09b131.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"What ex-security officials think of Pierre Poilievre\u2019s top secret security stance\" data-title=\"\">What ex-security officials think of Pierre Poilievre\u2019s top secret security stance<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<\/ul>\n<\/section>\n<p>The initial readings on Canada\u2019s economy to close out 2024 come a day ahead of United States President Donald Trump\u2019s threatened deadline to impose blanket tariffs of up to 25 per cent on Canadian goods crossing the border \u2014 a move widely expected to deliver a steep blow to the economy if it comes to pass.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p><em>More to come\u2026<\/em><\/p>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Money<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>\n\t\t&amp;copy 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n<p><script defer src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;appId=318812448281278&#038;version=v3.3\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/globalnews.ca\/news\/10990965\/canada-economy-gdp-november-2024\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Descrease article font size Increase article font size 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. Goods-producing industries gave back some of the gains posted in October, while the<\/p>\n","protected":false},"author":2,"featured_media":14988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canada\u2019s economy grew 1.4% in 2024, early estimates show - National - Toronto Tribune<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/torontotribune.ca\/index.php\/2025\/01\/31\/canadas-economy-grew-1-4-in-2024-early-estimates-show-national\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada\u2019s economy grew 1.4% in 2024, early estimates show - National - Toronto Tribune\" \/>\n<meta property=\"og:description\" content=\"Descrease article font size Increase article font size The Canadian economy showed signs of life at the end of 2024, Statistics Canada said Friday, despite stumbles in November. 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