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.
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 dominance in web advertising unfairly. The bureau is asking the Competition Tribunal to punish and rein in the company’s power by forcing it to sell two of its ad tools and stop competitive practices.
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.
GDP slows to 1% in the 3rd quarter: Statistics Canada
New numbers out today are giving us an idea on the health of Canada's economy. Stats Canada released the latest GDP information for the month of September, and for the third quarter. CBC business host Scott Peterson has the details.
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 ...
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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.
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 about forestalling that outcome.
Canadian dollar posts third straight monthly decline as economy slows
The Canadian dollar edged higher against its U.S. counterpart on Friday but was still headed for a weekly and monthly decline ...
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, ...
Canada weighing how to retaliate if Trump imposes 25% tariffs
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
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 ...
Fact Check: Trudeau announced Canada immigration cuts, not freeze
Canada's Prime Minister Justin Trudeau’s Oct. 24 announcement that his government would lower the number of immigrants ...