Canadian and U.S. Economies Face Uncertainty as Central Banks Consider Rate Cuts
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#f1e9e32a ver:0.27
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#newstr #CanadianEconomy #UsEconomy #BankOfCanada #FederalReserve #Inflation #InterestRates #GdpGrowth #UnemploymentRate #HousingCosts #BusinessInvestment
https://here.news/story/f1e9e32a?ver=0.27
Canadian GDP Growth to Slow, U.S. Fed to Stand Pat
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#f1e9e32a ver:0.26
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#newstr #Canada #Fed #UnitedStates #Weekly
https://here.news/story/f1e9e32a?ver=0.26
IMF States Canada's Economy Achieved Soft Landing, Predicts Positive Growth
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#f1e9e32a ver:0.25
IMF states Canada's economy achieved soft landing, predicts positive growth. GDP growth revised up for 2024 and 2025. Inflation to settle at 2.5% this year, 2% next year. Rate cuts needed for recovery. Immigration to drive consumer demand and labor supply. Housing costs a concern. Bank of Canada expected to cut rates more aggressively than the US. Economic recovery to begin in second half of the year. #Canada #economy #growth #inflation #ratecuts...
#newstr #Imf #Canada #Economy #Inflation #InterestRates
https://here.news/story/f1e9e32a?ver=0.25
Canadian Economy Shows Signs of Recovery, Rate Cuts Expected to Fuel Growth
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#f1e9e32a ver:0.24
Canadian economy set to recover in second half of the year, with rate cuts fueling growth. Inflation to drop to 2.5% this year, returning to 2% target next year. Immigration boosts demand and labor supply, while caps on temporary residents limit population growth. Bank of Canada expected to cut rates more aggressively than US, potentially weakening Canadian dollar. Housing costs remain a concern, but condo market softening. Economic recovery begins in second half, with robust growth expected next year. #CanadianEconomy #RateCuts #Recovery...
#newstr #Canada #Economy #Recovery #Inflation #InterestRates #PopulationGrowth #UnemploymentRate #HousingCosts #BusinessInvestment
https://here.news/story/f1e9e32a?ver=0.24
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
Bank of Canada closely monitors April inflation report as interest rate decision approaches
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#f1e9e32a ver:0.16
Bank of Canada closely monitoring April inflation report ahead of interest rate decision. Economists expect slight decrease in annual inflation rate. New figures will help solidify expectations for rate cut in July. Odds of rate cut in June currently at 40%. #BankofCanada #inflation #interestrates...
#newstr #BankOfCanada #InterestRates #Inflation #AprilInflationReport #Economy
https://here.news/story/f1e9e32a?ver=0.16
Bank of Canada willing to cut rates despite weaker loonie
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#f1e9e32a ver:0.14
The Bank of Canada is willing to cut rates despite a weaker loonie, with investors anticipating rate cuts in June or July. Economists predict the Bank of Canada will cut rates twice this year, while the Federal Reserve will only cut twice in September and December. The Canadian dollar is caught in the crosshairs, potentially sinking to 70 US cents if the Bank of Canada cuts rates more aggressively. However, there is a limit to how far the Bank of Canada can diverge from the Fed's policy rates without causing further weakening of the loonie. The value of the loonie is influenced by factors such as commodity prices and relative bond yields. The Bank of Canada's decision on interest rates will depend on economic indicators, including the strength of the domestic economy and inflation levels. #BankofCanada #interestrates #loonie #economy...
#newstr #BankOfCanada #FederalReserve #InterestRates #Inflation #CanadianDollar #UsDollar
https://here.news/story/f1e9e32a?ver=0.14
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Notes by BMO economist predicts rate cuts and lower inflati... | export