The Canadian GDP expanded by 0.3% from the earlier quarter in the three months to September of 2024, slowing from 0.5% expansions in the first two quarters of the year, in line with market expectations.

Canada’s economy experienced a modest 0.3 percent growth in real gross domestic product (GDP) during the third quarter of 2024, according to Statistics Canada. This follows increases of 0.5 percent in the first and second quarters, highlighting a slower pace of growth.

Canada's Gross Domestic Product (GDP) expanded at an annual rate of 1% in the third quarter, Statistics Canada reported on Friday. This reading followed the 2.2% growth recorded in the second quarter and matched the market expectation. On a quarterly basis, the Canadian economy grew by 0.3%, while expanding by 0.1% on a monthly basis in September.

Canada's economy was up 1.0% on an annualized basis in the third quarter, in line with analysts' expectations, as higher household and government spending were moderated by slower non-farm inventory accumulation,

Canada’s economy lost steam in the July-to-September quarter with a fall in business investment and exports, likely leaving room for the central bank to continue lowering interest rates to help spark growth.