Write For Us

Is Canada heading for a recession? What the latest GDP data tells us

Sponsored Post Vitamin D2 Canada Persia
28 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Canada’s economy is showing signs of underlying strength as some consumers and businesses brush off recession fears, a flurry of data releases on Friday suggests.

Some economists say the door is open for the Bank of Canada to pause its rate-hike cycle once again, amid easing inflation concerns and an expected economic slowdown in the second half of the year. But others feel it's still too early for the central bank to declare victory.

Meanwhile, the country’s GDP growth was “essentially unchanged” in April, according to Statistics Canada’s report for the month, revised down from early estimates for 0.2 per cent growth.

Anne Gaviola has more on the latest data and what experts say it means for Canadians — many of whom are struggling to get by.

For more info, please go to https://globalnews.ca/news/9803771/canada-gdp-april-2023/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #recession #cdneconomy
Category
U.S. & Canada
Tags
global news, Canada GDP, GDP
Sign in or sign up to post comments.
Be the first to comment