Department of Finance Canada released the 2024 Fall Economic Statement.
The statement said the Canadian economy was 7.3 per cent larger than before COVID-19 and that more than 1.4 million additional Canadians were employed.
Finance Canada said the past 12 months had produced an average of more than 27,000 jobs per month, for a cumulative 330,000 jobs over that period.
The statement also said the national $10-a-day child-care program was expected to raise GDP by 1.1 per cent over the long run once fully implemented.
The 2024 Fall Economic Statement maintained a fiscal anchor based on a declining debt-to-GDP ratio and a deficit below 1 per cent of GDP in 2026-27 and later years.
This pace of job creation is an improvement from the solid 22,000 average monthly gain in 2019, when the unemployment rate was at a historically low level of 5.7 per cent and inflation ran close to 2 per cent.
Growth, inflation, productivity, and public debt shape the room governments have for future tax and spending choices.