Canada's economy expands by just 1%, chances of big rate cut jump
Canada's economy grew at an annualized rate of just 1% in the third quarter, less than what the Bank of Canada had predicted, prompting currency markets to boost bets for a jumbo rate cut next month.
Canada's economy misses BoC forecast, pushing up odds of jumbo rate cut in December
"Living standards are falling, policy is still restrictive, and inflation is at target – there is no convincing argument in the data as to why the Bank of Canada shouldn’t keep going at a 50 basis point pace in December," said Kyle Chapman, FX market analyst at the London, U.K.-based Ballinger Group.
Canada Growth Slows to 1% in Third Quarter
Canada’s economy lost steam in the July-to-September quarter with a fall in business investment and exports, likely leaving room for the central bank to continue lowering interest rates to help spark growth.
VIEW Canada's economy expands by 1% in the third quarter
Canada's economy grew as expected at an annualized rate of 1% in the third quarter, according to data released on Friday, helped by household and government spending and partly offset by lower business investments and exports.
Canada Economic Growth Slows To 1.0% In Third Quarter
Canada's economic growth slowed in line with expectations to 1.0 percent in the third quarter, the national statistical agency said Friday.
Canada's economy grew 1% in the third quarter from higher government, household spending
The Canadian economy grew at an annualized rate of one per cent in the third quarter, Statistics Canada said on Friday.
Canada's economy up 1.0% annualized in Q3, October GDP likely up 0.1%
Canada's economy was up 1.0% on an annualized basis in the third quarter, in line with analysts' expectations, as higher ...
For Canada, Trade Tumult From Trump’s Return Has Begun
While the president-elect says he will impose a 25 percent tariff on everything Canada exports, Trudeau remains confident ...
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Rising onward migration of skilled immigrants threatens Canada’s economy
Canada is facing an increasing challenge as a growing number of skilled immigrants, including permanent residents, are leaving the country.
The Daily Chase: More evidence Canada’s economy is slowing
Canada’s competition watchdog has set its sights on Google-owner Alphabet, suing the tech giant for allegedly abusing its ...
Trump's tariffs on Mexico, Canada would sharply boost inflation, hurt economy, experts say
President-elect Donald Trump's threatened tariffs on imports from Mexico and Canada would reignite inflation in 2025, hurt ...
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Canada to tackle labor shortage with immigrants in key sectors
Canada is addressing its growing labour shortage by turning to immigration to sustain its workforce. Immigrants are filling key roles ...
How Trump’s Tariffs Could Impact Top Imports From Mexico, Canada, and China
Economists worry that Trump's tariff plan will raise the prices of a range of imported goods, from cars to electronics.
Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Donald Trump loved to use tariffs during his first presidency. But their impact was barely noticeable in the overall economy, ...