Recent developments in the Canadian economy: Spring 2025

Guy Gellatly and Carter McCormack

Economic and Social Reports from Statistics Canada, Analytical Studies and Modelling Branch

Abstract: This article provides an integrated summary of recent economic developments, highlighting key movements in the economic data during late 2024 and early 2025. The article focuses on how economic conditions have changed as households and businesses began adjusting to ongoing uncertainty over Canada’s trading relationship with the United States. It also highlights longer term trends related to Canada’s economic resiliency and the potential exposure of Canada to major changes in Canada-U.S. economic relations. The report is based on data that are publicly available as of May 9, 2025.

Keywords: economy; spring; developments (search for similar items in EconPapers)
JEL-codes: J23 M21 (search for similar items in EconPapers)
Date: 2025-05-28
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Persistent link: https://EconPapers.repec.org/RePEc:stc:stcp8e:202500500005e

DOI: 10.25318/36280001202500500005-eng

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