👉Canada's economy grew at an annualized rate of 2.2% in the second quarter, outpacing the Bank of Canada's 1.5% forecast and marking an increase from 1.7% in the first quarter. This gth, driven by manufacturing and the expanded Trans Mountain pipeline, contrasts with weak household spending and retail trade. Despite strong quarterly gth, GDP per capita is expected to decline, with consumption remaining weak due to high interest rates. The Bank of Canada, which recently cut rates, will set new rates in September, amid ongoing debates on further cuts.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #CanadaEconomy #GDPGth #EconomicUpdate #BankOfCanada #Q2Gth #CanadianEconomy #EconomicForecast #mnm #malayalisnearmeapp #canadaupdate #canadanews