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Canadian Monthly Real GDP Growth (January 2021)- March 31, 2021

An economic report by British Columbia Real Estate Association



It was a strong start for the Canadian economy as real GDP expanded 0.7 percent on a monthly basis in January, which was the ninth consecutive month of positive economic growth. However, total economic activity is still about 3 percent below its pre-COVID-19 level.



With the acceleration of vaccinations, pent-up spending throughout the economy will also be unleashed, driving a strong economic recovery. As a result, we are expecting the Canadian economy to enjoy the 2nd year of very strong growth with the economy expanding by more than 5% this year and about 4.5 % in 2022 (the following figure).


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CBC | Business News

19/44/2021
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