Reported 3 days ago
Canada's gross domestic product (GDP) experienced a contraction of 0.2% in February, marking the first decline since November due to reduced activities in mining, oil and gas, and construction largely influenced by adverse weather and U.S. tariff impacts. Economists anticipate slight growth in March, projecting a 0.1% increase, despite ongoing challenges from tariffs and an inventory buildup affecting demand. This slowdown has led markets to adjust expectations around potential interest rate cuts by the Bank of Canada.
Source: YAHOO