Weaker U.S. demand will outweigh commodity trade benefits for Canada
Zero growth in services while residential construction grew 4.3%
War impacts on other exports and higher costs for consumers will likely cancel out any benefits, a CIBC report says
The economy held up better than many expected through the omicron wave, providing justification for rate hikes
StatsCan estimates the economy grew by 4.9% last year
GDP of 5.7% was the fastest pace since Ronald Reagan's presidency
The lending agency now forecasts the global economy will expand 4.4% in 2022