• Canada: Evidence of weakness in demand – CIBC

Noticias del mercado

22 diciembre 2023

Canada: Evidence of weakness in demand – CIBC

Economists at CIBC analysed growth data from Canada released on Friday. 

Looking at rate cuts in Q2 2024

Today's data were more naughty than nice, with monthly GDP pointing to little rebound in the economy in the fourth quarter following Q3's contraction.

While supply constraints, including most recently the US auto strike and St. Lawrence Seaway strike, continue to disrupt activity, there is evidence of weak domestic demand as well.

That weakness should see inflation ease more sustainably next year, and we still see a first interest rate cut from the Bank of Canada in Q2 2024.
 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: