Reported about 12 hours ago
Canada's economy grew faster than predicted last quarter, with GDP rising 0.3% in January and a 2.6% annualized pace for the fourth quarter, driven by increased household spending due to the central bank's rate cuts. However, looming tariff threats from the US could impact future growth. The strong data may lead the Bank of Canada to pause its rate-cutting strategy at the next meeting, balancing optimism about consumer spending against potential economic challenges ahead.
Source: YAHOO