picked up the same month. The economy likely bounced back in January, expanding 0.3%, Statscan said.
Money markets still expect that the central bank will hold its benchmark rate at 4.50% at the March 8 policy announcement, and they trimmed bets that it will be forced to tighten again later this year. Still, Statscan said the economy likely started 2023 on a stronger footing, with increases in sectors including mining, quarrying, and oil and gas extraction and wholesale trade.
Thank God, I thought it was a poutine shortage causing economic problems 😀
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