Real gross domestic product grew at an annualized rate of 1.3%, StatCan reports
The results matched economic expectations
Lower mortgage rates and rising incomes contributed to improved affordability
Prices were up in Toronto but continued to decline in Vancouver
Unemployment remains near a five-decade low
Central bank stands out among international peers in its decision to hold steady
Economists had been forecasting a bigger slowdown
Report highlights taxes, wages and job mix as reasons for Canada’s underperformance
Due to ongoing challenges in the energy sector, overall sentiment was negative in the Prairies
A 10% drop in gas prices compared with last year continues to weigh on overall inflation