The US economy grew at an unrevised 2.3% annualized pace last quarter, on par with consensus estimates. The Bureau of Economic Analysis's (BEA) second estimate of fourth quarter US gross domestic product (GDP) was unchanged from the advanced estimate,

Economic growth for 2024 got a boost from the GDP data for the fourth quarter, although it is still not near where it should be.

U.S. economic growth slowed in the fourth quarter, the government confirmed on Thursday, and the loss of momentum appears to have persisted early this quarter amid cold temperatures and concerns that tariffs will hurt spending through higher prices.

Canada’s economy perked up in the final months of last year as consumers continued to ramp up their spending, spurred on by the central bank’s rapid-fire interest-rate cuts.

Canada’s economy grew 2.6 per cent in the fourth quarter of 2024, Statistics Canada said on Friday, blowing past expectations as real gross domestic product (GDP) increased 0.2 per cent in December. Economists had expected the economy to grow 1.

Canada's gross domestic product in the fourth quarter expanded by 2.6% on an annualized basis, surpassing widespread expectations, as a jump in consumer spending, business investments and exports lifted growth,