Canada's economy appears to have achieved soft landing, says IMF
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The International Monetary Fund (IMF) has stated that Canada's economy has achieved a soft landing, with positive growth and inflation within the central bank's target range. The IMF's Article IV report revised Canada's GDP growth up by 0.1% in 2024 and 2025 to 1.3% and 2.4% respectively. The report also estimated that inflation would settle around 2.5% this year and ease down to 2% next year. The IMF emphasized the need for further rate cuts to be carefully calibrated and data dependent. Financial markets are predicting a rate cut at the Bank of Canada's July 24 monetary policy announcement.

#Imf #Canada #Economy #Inflation #InterestRates

https://www.investing.com/news/economy-news/canadas-economy-appears-to-have-achieved-soft-landing-says-imf-3521471