Statistics Canada reports 0.1% February GDP growth, lower than expected, while Canada avoids recession due to population growth.

Statistics Canada releases its February GDP report and a preliminary Q1 growth estimate, revealing a modest 0.1% growth in February, lower than the expected 0.3%. Despite high interest rates and slowing consumer demand, Canada has avoided a recession due to strong population growth. The Bank of Canada will analyze these figures to decide when to lower interest rates.

April 30, 2024
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