INSUBCONTINENT EXCLUSIVE:
2024, surpassing the anticipated 0.1% growth
This increase was primarily driven by services-producing industries, including retail trade and finance.However, economists view this growth
as a temporary blip between two stagnant months
Projections for the third quarter of 2024 paint a concerning picture.Canadian Economy Sputters, Fueling Calls for Aggressive Rate Cut
2024, bringing the policy rate down to 4.25%
Despite these measures, the economy continues to struggle.Many analysts now advocate for a more aggressive approach to stimulate growth
signaling a shift in monetary policy strategy
The central bank must balance its inflation targets with the need to support economic recovery.Canadian Economy Sputters, Fueling Calls for
The unemployment rate rose to 6.6% in August 2024, up from 5.9% in the first quarter
Experts predict this trend may continue, potentially reaching 7% by year-end before improving in 2025.Looking ahead, economists forecast a
gradual economic improvement over the next two years
GDP growth is expected to rise from 1.2% in 2024 to 2.0% in 2025
