• 09/22/2024

Canadian GDP Gain Adds to Case for Another Rate Rise

Wall Street Journal

Canada’s larger-than-expected 3.1% annualized rise in first-quarter gross domestic product and strong preliminary GDP estimate for April boost the case for another interest rate increase by the Bank of Canada, which could come as soon as next week provided the U.S. debt ceiling deal is approved by Congress, Capital Economics economist Stephen Brown says.

https://www.wsj.com/articles/canadian-gdp-gain-adds-to-case-for-another-rate-rise-1c93a0f8