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Canada's economy gained momentum to end 2024, beating expectations

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Summary
Nutrition label

77% Informative

Canada 's economy grew at an annualized pace of 2.6% in the fourth quarter to bring full-year growth to 1.5% .

The main contributor to growth in the quarter was household spending, which rose by 1.4% .

Residential construction also rose by 3.9% during the quarter , the largest jump since the beginning of 2021 .

Exports and imports also provided a tailwind.

VR Score

87

Informative language

90

Neutral language

43

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

9

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