Canadian Economy Struggles as First-Quarter GDP Misses Expectations
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#f1e9e32a ver:0.2

The Canadian economy falls short of expectations with first-quarter GDP growth at 1.7% instead of the forecasted 2.2%. This increases the likelihood of a rate cut by the Bank of Canada, with markets now betting at 83%. Household spending on services drives growth, but per capita spending on goods declines for the tenth consecutive quarter. The struggling economy and global economic weakness support the case for a rate cut. #CanadianEconomy #RateCut #GDP...

#newstr #Canada #Economy #InterestRate #Gdp #RateCut 

 https://here.news/story/f1e9e32a?ver=0.2