Category: Economy
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Canada Avoids Recession with Q3 Rebound But Weakness Persists
Underlying data suggests the economy is struggling for momentum despite headline growth Key Numbers Canada’s economy staged a stronger-than-expected recovery in the third quarter with an annualized growth rate of 2.6 percent, significantly outpacing the 0.5 percent forecast held by economists and the central bank. Despite this headline beat that reversed the previous quarter’s 1.8 Read more
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Bank of Canada Cuts Rates as Tariffs Squeeze Exports
The Bank of Canada (BoC) recently lowered its key interest rate to 2.25 per cent, marking the second consecutive rate cut. This decision comes at a crucial time, reflecting an economy under “immense strain” characterized by weaker-than-expected GDP performance and significant trade uncertainty exacerbated by increasing U.S. tariffs. The urgency for monetary stimulus became apparent Read more
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Canada-U.S. Trade Deal Progress? Carney to Make a 2nd Trip to Washington to Meet With Trump
Prime Minister Mark Carney’s upcoming visit to Washington, his second since taking office, may mark a critical moment in Canada’s trade talks with the United States. Carney recently dropped many of Canada’s counter-tariffs on U.S. goods covered under the Canada-U.S.-Mexico Agreement (CUSMA), a move he confirmed was encouraged by President Donald Trump to help accelerate Read more