Canada Croissance Du Pib

The Canadian GDP rose by 0.6% over a quarter in the three months to December of 2024, following an upwardly revised 0.3% increase in the prior period. Growth was largely driven by a 1.4% rise in household final consumption expenditures, marking the strongest growth since Q2 2022, due to higher spending on new trucks, vans, and sport utility vehicles, as well as increased outlays on financial services, telecommunications, and other consumer goods.. Also, business investment in non-residential structures rose 0.7%, led by a 1.6% increase in building construction. Exports of goods and services surged 1.8%, rebounding from a 0.2% decline in the third quarter, driven by higher exports of unwrought gold, silver, platinum group metals, crude oil, bitumen, and passenger cars. Imports of goods and services rose 1.3%, reversing a 0.3% drop in the previous quarter, driven by purchases of metal ores and concentrates, pharmaceutical and medicines and other transportation equipment and parts.