Canada Economic Forecast 2024

Canada Economic Forecast 2024. Business closures outpace openings in november. Real gdp growth is expected to clock in at 1.1% this year, well below the trend pace of 1.8%.

Canada’s economy should avoid recession in 2024, but growth will remain elusive. Our growthnow estimate for the third quarter of 2024 foresees the canadian economy slowly moving toward a soft landing.