Canadian real GDP grew 0.6 per cent in January, following a 0.1 per cent contraction in December. The growth was driven by services-producing sectors, which rose by 0.7 per cent. The resolution of public sector strikes in Quebec led to a jump in educational and social services GDP, reversing declines in the prior two months. Residential construction activity fell by 1.5 per cent, declining for the third consecutive month following a burst of activity in the summer and fall. Offices of real estate agents and brokers increased for the second consecutive month, rising 4 per cent as higher home sales in the greater Toronto region contributed to growth. Preliminary estimates suggest that output in the Canadian economy rose 0.4 per cent in February.

As striking teachers and social workers in Quebec returned to work and buoyed economic growth, the Canadian economy began 2024 with solid GDP momentum. Growth stalled in the latter half of 2023, but the January number and the February preliminary estimate suggest that the economy is regaining some strength to start the year. Decent economic growth could also reduce pressure on the Bank of Canada to cut rates, although financial markets continue to expect a first cut to occur in June. With inflation below 3 per cent for the previous two months, the Canadian economy is now experiencing disinflation and growth, putting the Bank of Canada in a more comfortable position as it decides when and how much to cut. Markets continue to expect the Bank to hold rates at its next announcement on April 10th. 

Link: https://mailchi.mp/bcrea/canadian-real-gdp-growth-january-2024

For more information, please contact: Gino Pezzani.

April 1, April Fool's Day: A day for playful pranks and hoaxes celebrated worldwide. Also, Easter Monday in 2024 is on April 1 in Canada.

April 5, National Self-Care Day: Take steps to promote your physical and mental health.

April 10, World Siblings Day: A day to honor the special bond that siblings share.

April 22, Earth Day: A global day to support and advocate for environmental protection.

April 30, International Jazz Day: Recognizes jazz music's role in uniting people globally and promoting cultural dialogue.

Spring, while a time of renewal and growth, can also bring its own set of health challenges, including allergies and changes in our bodies' responses to the warmer weather. To help you navigate this seasonal shift smoothly, here are five tips for staying healthy during spring.

These suggestions include traditional methods, a touch of Eastern medicine, and some lesser-known strategies to combat allergies and maintain overall well-being.

Stay Hydrated with Herbal Teas: As the weather warms, maintaining hydration is key. Opt for herbal teas such as nettle or peppermint, which can help alleviate allergy symptoms due to their natural antihistamine properties.

Incorporate Local Honey: Consuming local honey can potentially help build immunity against local allergens. The key is to start with small amounts well before allergy season peaks.

Practice Nasal Irrigation: Using a neti pot with saline solution can help clear out pollen from your nasal passages and reduce allergy symptoms. This practice, rooted in Ayurvedic medicine, is effective for sinus health.

Qi Gong for Immunity: The ancient practice of Qi Gong combines movement, breathing and meditation to enhance the flow of energy (Qi) in the body, boosting overall health and strengthening the immune system.

Focus on Anti-Inflammatory Foods: With spring's arrival, aim to eat more anti- inflammatory foods, such as leafy greens, berries and fatty fish. These types of food can help mitigate inflammation caused by allergies and improve overall well- being. Implementing these tips can help ease the transition into spring and make it a healthier, more enjoyable time.

As the first signs of spring begin to appear, few sights are as welcome as the cheerful bloom of the daffodil. Known for its vibrant yellow color and distinctive trumpet-shaped flowers, the daffodil is more than just a pretty face; it's a symbol of rebirth and new beginnings.

Originating in the meadows of Europe and North Africa, the daffodil, or Narcissus, has a long history that intertwines with human culture.