Recent developments in the Canadian economy: Fall 2024

This article provides an integrated summary of recent changes in output, consumer prices, employment, and household finances. It highlights changes in the economic data during the first half of 2024 and into the summer months. The article provides information on how economic conditions have changed as borrowing costs continue to evolve. The report is based on data that are publicly available as of September 27, 2024. Monthly information on government, business, and financial market developments is available at Canadian Economic News (Statistics Canada n.d.). An integrated data module designed to support the analysis of current economic conditions, which includes monthly summaries for selected economic indicators, is available at Canadian Economic Tracker(Statistics Canada n.d.). Presentations on selected topics, including recent trends related to inflation, growth, productivity and household debt, are available at A Presentation Series from Statistics Canada about the Economy, Environment and Society (Statistics Canada n.d.). This article is the latest in a series focusing on challenges and opportunities currently shaping Canada's economic landscape. For the other articles in the series, see ”Research to Insights: Challenges and Opportunities in Innovation, Technology Adoption and Productivity,” “Canada’s gross domestic product per capita: Perspectives on the return to trend,” and “Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures?”