Yvan Baker
Yvan Baker
Member of Parliament for Etobicoke Centre
Canada’s economy to be the strongest in the G7 in 2025
August 27, 2024
A strong economy is essential to our quality of life - it creates jobs, increases incomes and grows our prosperity.
  • ✅ Canada has the #1 economy in the G7 (excluding the US) over the past eight years (Source: Bloomberg News, August 7, 2024).
  • ✅ Canada has become “an international trade powerhouse” under this government by boosting exports 45% since 2015 (Source: Bloomberg News, August 7, 2024).
  • ✅ The federal government is attracting historic investments by global companies. Since 2020, companies have announced more than $46 billion in electric vehicle (EV) manufacturing investments.
  • ✅ In 2024, Bloomberg News ranked Canada #1 in the world for its EV supply chain, surpassing China.
  • ✅ In 2023, Canada had the highest level of foreign direct investment per capita in the G7, and ranked 3rd globally in total FDI.
Canada’s economy will continue to grow and is forecasted to be the fastest-growing economy in the G7 in 2025. Source: Financial Post, July 17, 2024.
 
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