๐Canada'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.โ . ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐๐ฆ ๐ก๐จ๐ฆ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐๐ง๐ ๐๐๐ซ๐ ๐ก๐๐ฌ๐, ๐๐ง๐ญ๐๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐๐ ๐ ๐๐ฑ๐ฉ๐๐ซ๐ญ. ๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐ @neena.robin . . #CanadaEconomy #GDPGth #EconomicUpdate #BankOfCanada #Q2Gth #CanadianEconomy #EconomicForecast #mnm #malayalisnearmeapp #canadaupdate #canadanews
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