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Canada Economy Shows Little Sign of Slowing Amid Rate Hikes

From bnnbloomberg.ca

Canada’s economy showed signs of resilience toward the end of the year, potentially bolstering the case for the central bank to increase interest rates again. Preliminary data suggest gross domestic product expanded 0.1% in November, Statistics Canada reported Friday in Ottawa. That followed a 0.1% gain in October, matching the median estimate in a Bloomberg survey of economists, and an upwardly revised increase of 0.2% in September. The October and November gains suggest Canada’s growth is holding up better than expected. The economy is on track to expand at an annualized rate of 1.2% in the fourth quarter. Canada’s ... (full story)

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  • Category: Fundamental Analysis