👉Canada's economy grew at an annualized rate of 2.1% in the second quarter, surpassing expectations, but growth per person declined for the fifth consecutive quarter. Statistics Canada's report highlighted gains in government spending, business investment, and household services, while exports, residential construction, and goods spending fell. Economic momentum weakened in June and likely remained flat in July. The Bank of Canada may reduce interest rates to 4.25% amid signs of economic fragility. Unemployment rose to 6.4% in July, with youth and recent immigrants hit hardest. Per-capita household spending dropped by 0.4% due to high interest rates and strong population growth.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadianEconomy #GDPGrowth #InterestRates #Unemployment #HouseholdSpending #BoC #EconomicOutlook #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's economy grew at an annualized rate of 1.7% in Q1, below the 2.2% forecast by analysts and the Bank of Canada's 2.8% projection. Revised Q4 growth showed only a 0.1% increase, down from the initially reported 1.0%. The slower-than-expected growth might prompt the Bank of Canada to consider lowering borrowing costs in June. The Q1 growth was mainly driven by higher household spending on services, though slower inventory accumulation moderated overall growth. April's GDP is estimated to have risen 0.3%, signaling a positive start to Q2. March GDP remained flat, with notable growth in the construction sector.✅ . 𝐓𝐨𝐲𝐨𝐭𝐚 & 𝐇𝐨𝐧𝐝𝐚 𝐍𝐞𝐰 𝐚𝐧𝐝 𝐔𝐬𝐞𝐝 𝐯𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐅𝐫𝐞𝐞 𝐠𝐚𝐬 𝐜𝐚𝐫𝐝 𝐰𝐢𝐭𝐡 𝐞𝐯𝐞𝐫𝐲 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐌𝐚𝐧𝐨𝐣 𝐉𝐨𝐬𝐞𝐩𝐡 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭 𝐒𝐚𝐥𝐞𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 +𝟏 (𝟔𝟒𝟕) 𝟖𝟗𝟒-𝟎𝟕𝟔𝟏 𝐦𝐚𝐧𝐨𝐣.𝐦𝐮𝐤𝐤𝐮𝐧𝐝𝐚𝐧@𝐨𝐩𝐞𝐧𝐫𝐨𝐚𝐝𝐭𝐨𝐲𝐨𝐭𝐚.𝐜𝐚 𝐰𝐰𝐰.𝐛𝐫𝐚𝐦𝐩𝐭𝐨𝐧𝐞𝐚𝐬𝐭𝐭𝐨𝐲𝐨𝐭𝐚.𝐜𝐚 𝟐 𝐌𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐎𝐧𝐭𝐚𝐫𝐢𝐨 𝐁𝐥𝐯𝐝, 𝐁𝐫𝐚𝐦𝐩𝐭𝐨𝐧, 𝐎𝐍 𝐋𝟔𝐬 𝟎𝐂𝟐 @mukkadan.joseph . . #CanadianEconomy #GDPGrowth #BankOfCanada #EconomicForecast #Q1Growth #AprilGDP #EconomicOutlook #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Deloitte Canada predicts Canada will likely sidestep a recession despite ongoing economic challenges such as inflation and rising mortgage delinquencies. The economy is expected to remain stagnant in the first half of 2024 but recover in the latter half. Bank of Canada's interest rate cuts are anticipated to combat inflation. GDP growth is projected at one percent in 2024, rising to 2.9 percent in 2025. However, business investment faces a decline due to high interest rates eroding confidence. While the U.S. economy is stronger, it's also set for rate cuts later in the year.✅ . . 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐋𝐚𝐰 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐚𝐰 𝐂𝐫𝐢𝐦𝐢𝐧𝐚𝐥 𝐋𝐚𝐰 𝐒𝐢𝐦𝐦𝐢 𝐂𝐡𝐚𝐜𝐤𝐨 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐚𝐥 𝐋𝐚𝐰𝐲𝐞𝐫, 𝐂𝐡𝐚𝐜𝐤𝐨 𝐋𝐚𝐰 📲+𝟏 𝟒𝟏𝟔-𝟓𝟎𝟗-𝟗𝟓𝟎𝟖 📧𝐬𝐢𝐦𝐦𝐢@𝐜𝐡𝐚𝐜𝐤𝐨𝐥𝐚𝐰.𝐜𝐚 @chackolaw.ca . . #CanadaEconomy #EconomicOutlook #RecessionAvoidance #GDPGrowth #InterestRates #Inflation #BankOfCanada #DeloitteCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada reports a 1% annualized growth for the Canadian economy in Q4, following a 0.5% decline in Q3. Despite grappling with high interest rates, the economy avoided a recession, driven by export growth. Housing and business investment fell, and December saw flat real GDP due to industry contractions and a public sector strike in Quebec. BMO chief economist Douglas Porter notes anemic growth, especially in per capita terms. Household financial strain persists, impacting consumer spending and business sales. The Bank of Canada considers a rate cut amid easing inflation. Economists predict a potential cut in mid-2024.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #CanadianEconomy #GDPGrowth #InterestRates #BankofCanada #Inflation #EconomicOutlook #FinanceNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada reports a 0.2% growth in the Canadian economy for November, marking the first expansion in six months. A preliminary estimate suggests a 0.3% increase in real gross domestic product for Q4, following a 1.1% decline in Q3, potentially leading to a 1.5% growth for 2023. The economy, impacted by higher borrowing costs, has managed to avoid a recession. November's growth is attributed to gains in goods-producing industries, including manufacturing and wholesale trade, although the education services sector shrank due to strikes in Quebec. The Bank of Canada and private sector economists anticipate continued weak growth in H1 2024, with a rebound expected in H2. Rate cuts are anticipated in the spring to aid economic recovery.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #CanadianEconomy #EconomicRecovery #GDPGrowth #BankOfCanada #InterestRates #FinancialOutlook #Q4Performance #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉In a notable move, the Bank of Canada raised its overnight rate by 25 basis points to 4.75% at 10:00 AM ET today (June 6). This increase marks the first upward adjustment since the announcement of a pause in interest rate hikes earlier this year in January. This key interest rate level has not been observed since April 2001. The decision to raise rates was influenced by several factors, including stronger-than-expected economic growth, inflation, and a noteworthy 3.1% increase in Gross Domestic Product during the first quarter of this year. Additionally, there has been a resurgence in housing market activity, and the Canadian labour market remains tight, hinting at potential significant changes on the horizon.✅ . . #BankofCanada #InterestRateHike #MonetaryPolicy #QuantitativeTightening #Inflation #GlobalEconomy #GDPGrowth #mnm #malayalisnearmeapp #canadaupdate #canadanews