Canada's Economy Rebounded In 2021 | Y95.5 - CJLS

The Canadian economy rebounded in 2021, posting a 4.6 per cent growth after a pandemic hampered 2020 resulted in a 5.2 per cent decline.

Statistics Canada reported household spending on consumer goods and increased demand for houses proved to be the largest contributors.

Fourth-quarter growth resulted in an annualized rate of 6.7 per cent.

While real gross domestic product remained practically unchanged in December, to the surprise of many, early indications for January 2022 show 0.2 per cent growth. Predictions assumed COVID-19 restrictions implemented to combat the Omicron variant had slowed the economy.

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Canada's Economy Rebounded In 2021 | Y95.5 - CJLS
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