First Monthly Economic Contraction in Canada This Year

Reported 1 day ago

In a surprising turn, Canada's economy contracted by 0.1% in November, marking the first decline this year after a robust 0.3% growth in October. As the Bank of Canada continues to adjust interest rates in response to inflation and economic performance, experts predict fluctuating growth rates amidst challenges like immigration policies and potential US tariffs. The latest data suggests that despite the downturn, sectors like real estate have shown resilience, indicating a mixed economic outlook as policymakers approach their next meeting in January.

Source: YAHOO

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