2024 Q1: Canada's GDP grows 0.6% in Jan, 0.4% in Feb, driven by Quebec public sector strike end.
Canada's economy had a strong start to 2024, with GDP growth exceeding expectations in January and February. The real GDP grew by 0.6% in January, driven by the end of public sector strikes in Quebec, and is predicted to grow by another 0.4% in February. This strong rebound could give the Bank of Canada more time to assess whether inflation is slowing without risking a severe economic downturn.
March 28, 2024
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