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Canadian economy set to show marked slowdown in Q2, giving BoC cause to pause

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Canada's second-quarter GDP report, due on Friday, is likely to show a sharp slowdown in economic growth, a Reuters poll of economists showed, which could lead the Bank of Canada to pause its interest rate hikes despite recent hotter inflation data. The GDP report will be the last major piece of domestic data before the Canadian central bank makes its next policy decision on Sept. 6. It is expected to show the economy growing at a 1.1% pace in the second quarter, down from 3.1% in the first three months of the year, and below the BoC's 1.5% estimate.

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Canadian economy set to show marked slowdown in Q2, giving BoC cause to pauseBy Fergal Smith TORONTO (Reuters) - Canada's second-quarter GDP report, due on Friday, is likely to show a sharp slowdown in economic growth, a Reuters ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Canadian economy set to show marked slowdown in Q2, giving BoC cause to pauseBy Fergal Smith TORONTO (Reuters) - Canada's second-quarter GDP report, due on Friday, is likely to show a sharp slowdown in economic growth, a Reuters ...
Source: SaltWire Network - 🏆 45. / 63 Read more »