Canada Economy Surges 3.3% in Q2, Fastest Growth Since 2023

Canada's economy rebounded in the second quarter, growing at its fastest pace since 2023. According to Statistics Canada, GDP increased by 3.3% between April and June. This marks a strong turnaround after a year-long slump caused by US tariffs and a slowdown in immigration.

The growth was driven by increases in exports, household spending, and business investment. These sectors saw significant gains, contributing to the overall expansion. Statistics Canada reported that this rebound is a welcome sign for the economy, which had been struggling due to various external factors.