Published 11 months ago

What slowdown? Economy outperforms, raising odds of a rate hike

Canada's economy grew at an annualized rate of 3.1% in Q1 2021, beating analysts' predictions.
March's real GDP was flat compared to February, while April's GDP is expected to have increased by 0.2%, according to a flash estimate by Statistics Canada.
The GDP report comes ahead of the Bank of Canada's interest rate decision next week, with governor Tiff Macklem signaling that the bank is still evaluating whether interest rates need to go higher to tame inflation.

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CTV News

Canada's economy grows at annualized rate of 3.1 per cent in Q1

Statistics Canada is set to release today its latest reading on how the economy fared in March, as well as for the first quarter of the year.

11 months ago·Canada

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Reuters

Canada's economy up 3.1% in Q1, April GDP likely up 0.2%

May 31 (Reuters) - Canada's economy was up 3.1% on an annualized basis in the first quarter, beating analysts' expectations, as favorable international trade and growth in household spending was moderated by slower inventory accumulations, Statistics Canada data showed on Wednesday.

11 months ago·United Kingdom

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CBC News

Canada's economy grew by more than expected in first quarter, upping odds of rate hike next week

The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday.

11 months ago·Canada

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The Toronto Star

Canadian Press Economy grows at annualized rate of 3.1% in Q1

OTTAWA - The Canadian economy grew at a stronger-than-expected annualized rate of 3.1 per cent in the first quarter of 2023.

11 months ago·Toronto, Canada

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The Epoch Times

What Slowdown? Economy Continues to Outperform, Raising Odds of Rate Hike Next Week

The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again. Statistics Canada reported Wednesday real gross domestic product grew at an annualized rate of 3.1 percent in the first quarter of 2023. The latest data shows growth beat out the federal agency’s own forecast of 2.5 percent for the quarter. A prelimi…

11 months ago·New York, United States

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Coast Reporter

What slowdown? Economy continues to outperform, raising odds of rate hike next week

OTTAWA — The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again.

11 months ago·Sechelt, Canada

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