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Get the latest Canadian business news, TSX updates, interest rates and Bank of Canada coverage. Explore stock market investing and get expert financial insights on investment portfolio strategies.
Most recent Markets News business news stories and video from BNN Bloomberg.
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October 01, 2024 at 7:03PM EDT. See more. Expert analysis on investing and market trends. Stay ahead of the game with comprehensive coverage of stock market investing, and financial expert insights on investment portfolio strategies.
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(Bloomberg) -- Canada’s economy grew more than expected in the second quarter, but falling per-capita gross domestic product and softening household consumption should keep the Bank of Canada on track to cut rates for a third straight meeting next week.
(Bloomberg) -- The Canadian economy showed more signs of weakness that should keep the Bank of Canada cutting interest rates to boost growth. Preliminary data suggest gross domestic product was flat in August as declines in manufacturing and transportation offset gains in oil and gas extraction and the public sector, Statistics Canada reported ...
The survey suggests forecasters are optimistic about a gradual normalization of monetary policy, consistent with a soft landing for Canada’s economy. More than two-thirds of economists see yearly inflation returning to the Bank of Canada’s 2% target between the second and fourth quarters of 2025.