statcan GDP Archives - Mortgage Rates & Mortgage Broker News in Canada

Soft GDP figures point to a BoC rate cut next week, but uncertainty remains

May 31, 2024 No Comments

Canada’s economy slowed more than expected in the first quarter, raising the odds of an interest rate cut next week by the Bank of Canada, economists say.

What the latest GDP figures mean for the Bank of Canada’s rate cut timing

March 28, 2024 No Comments

Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts.

Bank of Canada’s rate-cut timing uncertain as economic growth beats expectations

January 31, 2024 No Comments

Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, economists say.

Not quite a recession, but Canada sees third-quarter growth turn negative

November 30, 2023 No Comments

There was growing talk of the “R-word” (recession) leading up to today’s GDP data release, given the third quarter could have marked the second straight month of negative growth.

Recession talk gets louder as economic growth flatlines for second straight month

October 31, 2023 No Comments

Canada’s economic growth has flatlined for the second straight month, and has now undershot expectations for the past five months.

Canada’s economy now “struggling” under the weight of high interest rates

September 29, 2023 No Comments

Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results.

Weak GDP data means Bank of Canada rate hikes could be “over and done”

September 1, 2023 No Comments

Canada’s economy slowed more than expected in the second quarter, raising the likelihood that the Bank of Canada will leave rates unchanged at next week’s policy meeting.

Slowing economic growth could keep the Bank of Canada on hold

July 28, 2023 No Comments

The latest barometer of Canada’s economic growth is being described as “disappointing,” which some say could be enough to avoid any further Bank of Canada rate hikes.

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