Statistics Canada is set to release today its latest reading on how the economy fared in March, as well as for the first quarter of the year.
real gross domestic product grew at an annualized rate of 3.1 per centThe latest data shows growth beat out the federal agency’s own forecast of 2.5 per cent for the quarter. A preliminary estimate suggests the economy expanded by 0.2 per cent in April after remaining flat in March.
But Porter, along with other commercial bank economists say that the central bank may delay the decision to raise rates again until the summer. Meanwhile, slower inventory accumulations as well as declines in household investment and business investment in machinery and equipment weighed on growth. However, Statistics Canada noted that disposable income fell for the first time since the fourth quarter of 2021. The federal agency says disposable income declined by one per cent, largely due to the expiration of government measures aimed at helping people cope with inflation.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Air Canada says to expect further travel disruptions following Thursday's IT issues - BNN BloombergAir Canada says travellers should be prepared for further flight disruptions as it works to return service to normal following a technical malfunction Thursday.
Lire la suite »
One-quarter of Air Canada flights delayed Friday as schedule recovers from IT issue - BNN BloombergMore than one-quarter of Air Canada flights experienced delays on Friday as the airline worked to return service to normal following a technical malfunction the previous day.
Lire la suite »
Suncor to cut 1,500 jobs by end of year, employees informed Thursday - BNN BloombergSuncor Energy Inc. says it will cut 1,500 jobs by the end of the year in an effort to reduce costs and improve the company's lagging financial performance.
Lire la suite »
6 spring cleaning tips to put a shine on your portfolio - BNN BloombergFinancial markets always carry a degree of uncertainty but with the dust settling from the pandemic jolt, it’s the perfect opportunity to clear the air with a portfolio spring cleaning.
Lire la suite »
Experts forecast TSX performance for second half of 2023 - BNN BloombergWhile Canada's economy battles with stubborn inflation and heightened interest rates, portfolio managers are placing their bets on how this environment might impact the S&P/TSX Composite Index in the second half of this year.
Lire la suite »
The Daily Chase: Suncor to cut 1,500 jobs; Toronto home sales rise - BNN BloombergNorth American equity market futures are pointing to a modestly higher open after the U.S. Senate passed a bipartisan deal to increase the country’s debt ceiling, ending the threat of a federal default.
Lire la suite »