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Proof Point: A weaker Canadian dollar won’t necessarily derail BoC interest rate cutsForward Guidance
For the week of April 29, 2024Economic Analysis
See all Economic UpdatesU.S. GDP growth decelerated in Q1, but price growth ticked higher
April 25, 2024
U.S. GDP grew by another 1.6% (annualized rate) in Q1/24, slowing from the 3.4% in the last quarter. The growth was mainly supported by strong consumer spending on services and surging residential investment with offset from a wider international trade deficit.
Read ReportHigher energy prices masked another downside Canadian inflation surprise in March
April 16, 2024
Canadian CPI growth ticked up to 2.9% year-over-year in March from 2.8% in the prior month, thanks to higher energy prices. Despite the rise, details in the report continue to point to price pressures broadly unwinding.
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