Canada Lowers Growth Forecast

The Canadian government cut its economic-growth forecast, citing weakness in the global economy and lower commodity prices, underscoring the country's dependence on resources as other economic headwinds build.

Topics:  canadian   growth forecast   
BING NEWS:
  • Daily Spotlight: Bank of Canada Lowers Target Rate Again
    Above-trend population growth in Canada of 3% in 2024 and 2025 put pressure on housing, infrastructure, and social services, as well as unemployment, which is running at about 6.8% (versus 4% in the U ...
    12/22/2024 - 11:40 pm | View Link
  • Opinion: Falling loonie could stifle productivity growth in Canada
    Canadian firms buy much of their machinery in other countries. A weak loonie raises its price, hitting investment and output per worker.
    12/16/2024 - 10:00 pm | View Link
  • Bank of Canada lowers key interest rate by 0.5%
    On Wednesday, the central bank announced a jumbo rate cut—its fifth cut in a row since June—and signalled a slower pace for future decreases.
    12/12/2024 - 1:37 am | View Link
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