Slower growth in Q1 sets up possible rate cut
StatsCan said growth in the first quarter was powered by higher household spending
- By: Craig Wong, The Canadian Press
- May 31, 2024 May 31, 2024
- 12:42
StatsCan said growth in the first quarter was powered by higher household spending
Investment levels in Canada’s private sector dampened by higher government spending, volatility in U.S. trade relations: Poloz
Deal volume rises, transaction value stable to start the year
Canada's population size expected to be 2.5% smaller in 2027, compared with original estimates, due to policy changes: report
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Jobless claims for the week ending May 25 rose by 3,000 to 219,000, up from 216,000 the week before
Consumer spending also rose in the last quarter, but at a slower pace than previously thought
Key reason for the delay in cuts is lingering effects of the pandemic
Total owed is up 3.4% year over year, representing slowest growth in 23 years
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However, StatsCan says its early estimate of the metric for April was a 0.7% increase
Grocery prices, general inflation and housing-related costs are the top sources of financial stress
Meeting minutes show that officials debated whether their benchmark rate was exerting enough of a drag on the economy
Regulator says homeowners could face payment shocks due to higher interest rates when they next renew their mortgages
Markets drove both mutual fund and ETF assets lower in April