Reported about 12 hours ago
Canada's economy experienced an unexpected annualized growth of 2.6% in the fourth quarter, fueled by increased consumer spending, business investments, and exports, surpassing forecasts. This growth reflects a rebound from the previous quarter's 2.2% and indicates recovery as interest rates have fallen. Despite looming risks from potential tariffs on exports, analysts suggest this positive performance may influence the Bank of Canada to pause rate cuts.
Source: YAHOO