Found 2 blog entries tagged as economic growth.

The Bank of Canada held its overnight policy rate at 2.75 per cent this morning. In the statement accompanying the decision, the Bank noted US trade policy continues to create uncertainty in the global economy and that uncertainty is likely to slow economic growth in coming quarters.

On inflation, the Bank cited stronger than expected inflation in April and survey data showing household inflation expectations rising due to tariffs as concerning trends in the evolution of inflationary pressures.

While we know with a high degree of certainty that trade wars are stagflationary – they slow growth and raise prices – what we don't know yet is how severe a trade war may be or even if it will end up materializing at all.

The immediate impact of that…

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Canadian real GDP rose by 0.1 per cent in March, after declining by 0.2 per cent in February. Goods-producing sectors rose 0.2 per cent, while service-producing industries increased by 0.1 per cent.

Sectoral growth was led by:

  • Mining, quarrying, and oil and gas extraction (2.2 per cent)
  • Construction (0.5 per cent)
  • Retail trade (0.8 per cent)

Output for the offices of real-estate agents and brokers fell by 4.5 per cent month-over-month. Preliminary estimates suggest that real GDP by industry increased by 0.1 per cent in April.

Q1 2025 Performance

Real GDP increased by 0.5 per cent in the first quarter of 2025, registering an annualized growth rate of 2.2 per cent.

Household spending growth slowed to 0.3 per cent, leading to…

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