Canada's economy unexpectedly...1 Sep 2023 14:42
Contracted in the second quarter at an annualized rate of 0.2% and growth was most likely flat in July, data showed on Friday, a result that will probably allow the central bank to hold rates amid a possible recession.
The second-quarter reading was far lower than the Bank of Canada's (BoC's) forecast for a 1.5% annualized GDP growth as well as the 1.2% gain expected by analysts. June gross domestic product declined 0.2% from May, in line with forecasts.
DYOR