Statistics Canada releases Q1 GDP figures, influencing the Bank of Canada's interest rate decision.
Statistics Canada releases Q1 GDP figures today, revealing the state of the economy in the first three months of the year. This report is the last major economic data point before the Bank of Canada's interest rate decision next week. Central bank governor Tiff Macklem has stated that a rate cut is possible, but the decision will be based on the economic data. Additionally, U.S. authorities report that human smuggling from British Columbia to the American border is soaring, with organized criminals using freight trains, Uber, and foot to move people.
May 31, 2024
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