Economic Outlook For Canada 2024. The economy is now 7.3 per cent larger than it was before covid first hit and there are 1.4 million more jobs in canada. Economic growth will slow to 1.7 per cent in 2025, in line with our autumn 2024 economic outlook.

And the government’s massive economic support for canadians was one reason the country was able to come together to save lives. Real gdp growth will pick up from 1% in 2024 to 1.8% in 2025, reflecting strengthening global conditions, the boost to private spending and labour supply from immigration, and monetary.