• Weak economy growth in Canada

Market news

30 May 2014

Weak economy growth in Canada

The Canadian gross domestic product increased 0.1% in March, meeting analysts’ expectations, after a 0.2% gain in February. The reason for this weak economy growth is a slowdown of activity in many sectors:  final domestic demand, household final consumption, business capital formation overall and in residential structures, in inventories and in exports.

This data means that the Bank of Canada will likely keep interest rates unchanged next week.

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