Canadian Economy 2024 Predictions. We expect that potential output in canada will grow by 2.3% and 2.5% in 2023 and 2024, respectively, and average slightly below 1.7% by 2027 as population growth moderates. What does 2024 have in store for the canadian economy?

The outlook for growth in canada is roughly unchanged from the july report. Population growth of persons aged 15 and older is revised up by 0.2 percentage points in 2024, 0.7 percentage points in 2025 and 0.6 percentage points in 2026.