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Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter.
Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs. [32]
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(Reuters) -Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, on Thursday projected higher production in 2025, betting on resilient demand for Canadian crude ...
The US suspends its increased tariffs on Canadian imports for a month following last-minute calls between Prime Minister Trudeau and President Trump. [ 10 ] February 17 – A Bombardier CRJ900LR (N932XJ) operated by Endeavor Air as Delta Connection Flight 4819 from Minneapolis-Saint Paul International Airport crashes and overturns on landing at ...
The economy of Canada is a highly developed mixed economy, [33] [34] [35] the world's ninth-largest as of 2024, and a nominal GDP of approximately US$2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [36]
USD/CAD failed to settle above the resistance at 1.2590 and pulled back towards the support at 1.2550.
The template supports inflation calculation, by way of {{}}.If the second parameter is used, to specify a year, and this year is within a certain range of available inflation data (specifically, if 1688 ≤ year < 2023), the equivalent value represented in 2023 dollars will be calculated in parentheses.