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The BoC is likely still on track for an oversized rate hike on Wednesday

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Output turned negative in several major economies amid supply challenges

European Union headquarters

Inflation in the 19 countries that share the euro currency hit 7.5% in April


Statistics Canada reported the arts, entertainment and recreation sector added 8.4% to its GDP

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Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth

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Pandemic proves GDP activity still closely tied to carbon emissions, Fitch says

usiness investment opportunities on a global scale

Weaker U.S. demand will outweigh commodity trade benefits for Canada

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Zero growth in services while residential construction grew 4.3%

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War impacts on other exports and higher costs for consumers will likely cancel out any benefits, a CIBC report says

  • By: IE Staff
  • March 21, 2022 March 21, 2022
  • 15:31
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The economy held up better than many expected through the omicron wave, providing justification for rate hikes