Canadian economy grew in 2nd quarter, mostly from government spending and higher wages

Canada's gross domestic product grew 2.1 per cent at an annualized rate in the second quarter of 2024, though GDP per capita fell for the fifth consecutive quarter, Statistics Canada said on Friday.

Canadian economy grew in 2nd quarter, mostly from government spending and higher wages
A man pushes a shopping cart through a parking lot.

Canada's gross domestic product grew 2.1 per cent at an annualized rate in the second quarter of 2024, though GDP per capita fell for the fifth consecutive quarter, Statistics Canada said on Friday.